Finance Minister meets IFC Over Oil Palm Policy for Ghana

Ghana has finalised a comprehensive Oil Palm Plantation Policy with the International Finance Corporation (IFC) as part of efforts to drive agricultural transformation and the creation of some new 500,000 jobs in the country, Finance Minister, Dr. Cassiel Ato Forson has announced.

Dr. Forson said Ghana’s 2026 national budget would contain the financial breakdown of the comprehensive Oil Palm Plantation Policy.

“This forms part of a broader national strategy to develop economic crops and to transform agriculture into a powerful driver of jobs, growth, and industrialisation.

“The potential is enormous. With the right investment and partnerships, we believe Ghana can create over 500,000 jobs across the value chain — from cultivation and processing to manufacturing and exports — through the development of these strategic crops”, Dr. Forson announced on Saturday.

Dr. Forson made the disclosure after what he described as “a highly productive meeting with the Regional Vice President for Africa at the International Finance Corporation (IFC), Ethiopis Tafara.”

He explained further: “such large-scale agricultural transformation requires patient capital, and we are therefore working closely with the World Bank, IFC, and other development partners to mobilise financing and catalyse private sector participation.

“Ghana is ready to move. Together with our partners, we will harness the power of agriculture to deliver inclusive growth, create jobs, and place economic crops at the heart of our nation’s transformation agenda”, the Finance Minister added.