Business News of Thursday, 20 March 2025
Source: www.ghanawebbers.com
The Ghanaian government has expressed its commitment to bolstering the rubber industry, recognizing its potential for economic growth and job creation. During a recent engagement with stakeholders in the sector, officials highlighted plans to enhance the cultivation of rubber trees and improve processing techniques. This initiative aims not only to increase local production but also to reduce dependency on imported rubber products.
The government's strategy includes providing technical assistance and financial support to farmers, encouraging them to adopt sustainable practices that can boost yields. By fostering partnerships with private investors, the administration hopes to attract more investment into the rubber supply chain, from cultivation through processing.
Agriculture Minister Bryan Acheampong emphasized that revitalizing this sector aligns with broader goals of diversifying Ghana's economy. By improving infrastructure and facilitating access to markets, the government aims to position Ghana as a key player in the global rubber market. Stakeholders anticipate that these efforts will ultimately lead to enhanced livelihoods for farmers and contribute significantly to national development.