Former Minister for Food and Agriculture is optimistic that the agric sector will take Ghana out of its economic woes.

Speaking at the launch of his flagbearership campaign at the  University of Professional Studies, Accra (UPSA) said “I strongly believe Agriculture will lift Ghana out of poverty.”

According to him, the sector will as well “assure us not only food and nutrition security but also generate the necessary resources for the development of the other sectors including industry, health, education and infrastructural medium to long term.”

Ghana recorded low agriculture growth in the first half of 2022 compared to the same period in 2021. 

The sector grew by 4.9 per cent averagely from January to June this year as compared to 8.9 per cent it grew in 2021. 

Government attributed the situation to the rapid exchange rate depreciation, unsustainable debt burden, high inflation, fiscal stress and external sector shocks despite the monetary and fiscal policy interventions deployed this year. 

This was revealed in the 2023 Budget Highlights by Mr Ken Ofori- Atta, Minister of Finance and Economic Planning, at the 2023 Budget Statement and Economic Policy presentation on the floor of Parliament on Thursday 24th November. 

Ghana is currently working to turn out the economic challenges she is experiencing.

Meanwhile, Dr Akoto has noted that there is a new economic order emerging globally.

“This is evident from the current economic challenges confronting the world, food, renewable energy, water and big data will drive this new order.”

According to him, Africa particularly, Ghana has the potential to lead this new order by strengthening all sectors of the economy and culture sustainable and enrich its people.

Source: The Independent Ghana