Let Oil Oxygenate Agriculture

Under Ghana’s Development Agenda, Agriculture is identified as a key economic pillar. Modernizing agriculture is inextricably linked to Ghana’s ability to be self-sufficient in food production, produce raw materials for industry and ensure sustainable national development. Inadequate funding of the Agriculture sector in Ghana’s economy according to the watchers of the sector has over the years been a bane to the growth of the sector which is considered the mainstay of the economy. The general economy is reportedly not doing well because Agriculture which employs greater percent of the population has less “oxygen” to grow. With the coming on stream of petroleum revenue from the country’s commercial oil fields, many suggested that the Agriculture sector should receive “heavy” investment to boost production so as to get the sector to take its rightful position as the backbone of the economy. Proponents also believe that fuelling agriculture will help the country to escape the phenomenon called the Dutch Disease. This way of thinking by most economists and ordinary farmers is yet to receive significant attention as the agriculture sector continues to receive paltry budgetary support from the Annual Budget Funding Amount, ABFA and other sources of funding.

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By Dominic Hlordzi