The Chief Executive Officer of the Chamber of Agribusiness Ghana, Anthony Morrison, is calling for cheaper and more accessible financing to boost investment and growth in Ghana’s agricultural sector.
According to him, the current cost of borrowing is too high for most farmers and agribusinesses, making it difficult for them to expand, modernise operations, and compete effectively in both local and international markets.
Mr. Morrison made the call at the 7th edition of the Agrofood and Plastprintpack Ghana 2025 exhibition in Accra.
The event brought together industry players, investors, policymakers, and innovators in agriculture, food processing, and packaging to explore ways of driving growth and sustainability across the value chain.
“Without cheaper financing, many agribusinesses will continue to struggle to scale up production and adopt modern technologies. We need a deliberate policy that prioritizes low-interest funding for agriculture,” he told Joy Business.
Mr. Morrison explained that the agriculture sector contributes significantly to Ghana’s GDP and provides livelihoods for millions, yet access to credit remains one of its biggest challenges.
He believes targeted financial interventions, such as agricultural development funds and interest rate subsidies, could help ease the burden on farmers and encourage more private sector participation.
He also called on commercial banks to design specialized financial products tailored to the needs of smallholder farmers and agribusinesses, noting that most traditional banking products do not suit the seasonal nature of agricultural activities.
“If we truly want to achieve food security and agro-industrial transformation, we must make agriculture financing more practical and affordable,” he added.
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