A major thrust of the new approach centres on enhancing the role of commercial agriculture and strengthening agricultural value chains. Under the program the Government is seeking to broaden and deepen private sector investment in agriculture – noting that it is already occurring but can be augmented – in the following ways:
Additional large-scale commercial farms in the cereals sector has the potential to utilize large tracts of unutilized land to meet domestic consumer demand (rice, white maize) and as lower-cost imports to the poultry industry (yellow maize) and, ultimately, for export to the region.
There are additional opportunities for multinational investors to expand the horticulture sector, given Ghana’s established market presence in Europe and favorable geographical position, to raise export revenues.
Additional agro-processing especially in the horticulture sector can provide alternative markets to local production that is unable to meet European requirements (tastes or standards) and create jobs.
More private input dealers can extend the availability of seeds and fertilizer to raise productivity across the sector.
Additional private enterprises engaged in the marketing and processing of food staples for local consumption, for instance by aggregating output from small-holders for bulk distribution and processing to generate economies of scale in the value chain.