Ghana loses GHS35 billion from raw exports

Ghana forfeits an estimated GHS35 billion each year by exporting agricultural goods without processing them. The Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, stated this at the Kwahu Business Forum.

This loss of money prevents the economy from growing and limits job opportunities. The government wants to change this trend by adding value to Ghana's farm products.

A new national agribusiness policy has been completed and sent for public review. It is expected to go to Cabinet for approval soon. This policy aims to reverse the export of raw farm products and keep more of their value in Ghana.

The policy will promote agro-processing and link different parts of the agricultural supply chain. The Ministry has also created other industrial policies for sectors like textiles, medicines, and car parts. These policies will give clear rules and incentives for investors.

Ghana hosts the African Continental Free Trade Area Secretariat. This means Ghana must set an example in trading more within Africa. Efforts are underway to help businesses with trade information and certifications to improve their competitiveness.

The government is also changing how special economic zones work. They will now focus on supporting agro-processing and light manufacturing. The Minister urged private businesses to invest in technology and skills, stating that government efforts alone are not enough for success.