The Chief Executive Officer of Agri-Impact Group, Daniel Fahene Acquaye, has emphasized the transformative potential of agriculture in Ghana’s development agenda, urging greater national investment and interest in the sector.
Speaking during the Citi Business Festival on the theme “Basic Opportunities in the Agricultural Sector,” Mr. Acquaye highlighted agriculture’s unmatched reach and value across the country, stating that its contribution surpasses even some of Ghana’s most celebrated natural resources.
“In the Western Region, you will find crude oil. But in that same Western Region, you will also find cocoa, oil palm, rubber, and coconut,” he said. “Agriculture will take you from Axim to Paga, even further than where gold or salt might not take you.”
He argued that agriculture—spanning crops, livestock, and tree crops—has the potential to generate massive economic benefits and inclusive growth, more than many extractive industries.
“That is why we keep saying that if, as a country, we want to develop, we need to give a lot of attention to agriculture,” he added.
Mr. Acquaye also acknowledged the sector’s public perception challenges, especially among the youth. He explained that the term “agribusiness” is often used to make agriculture more appealing by rebranding it as a modern, viable, and profitable venture.
“Now, people are making the case for agriculture and agribusiness. But it is still agriculture. Because people see agriculture as risky, and young people do not like it, we prefer to use the word ‘agribusiness’, which is more modern and more acceptable,” he noted.
The 2025 Citi Business Festival, powered by Citi FM and Channel One TV, is a month-long initiative dedicated to driving business growth and economic transformation.
It is held in partnership with Absa Bank Ghana and MTN, with sponsorship from Zonda Tec Ghana.
