GH¢1.5 billion 2025 budget allocation to agriculture highly insufficient — Agri-Impact CEO

The Chief Executive Officer of Agri-Impact Limited, Daniel Fahene Acquaye, has raised concerns about the budgetary allocation to the agricultural sector.

Mr. Acquaye noted that the GH¢1.5 billion allocated to the sector, representing 0.54% of the total GH¢279 billion budget, is highly insufficient.

Speaking at the 2025 Budget Digest organized by PwC in Accra, the Agri-Impact CEO cautioned that such neglect could lead the country into serious challenges.

“The point I’m making is that the budget allocation to agriculture in this year’s budget is highly insufficient. If we see a decline in the government’s own budget allocation to agriculture—not donor funds—then we are definitely going to face challenges,” he stated.

He further advocated for dedicated funding for the agricultural sector, similar to what exists for education and other sectors.

“We have sector-specific funds like GETFund for education and COCOBOD for cocoa, but there is no dedicated fund for agriculture,” he noted.

Similarly, the former Minister of Food and Agriculture and Member of Parliament for Abetifi in the Eastern Region, Bryan Acheampong, has criticized the government for what he describes as a paltry allocation to the agriculture sector.

According to him, the allocation of GH¢1.5 billion, representing 0.5% of the total GH¢290 billion budget, is too low for a sector crucial to Ghana’s economy.

In a social media post on Thursday, March 13, the MP warned that inadequate funding for agriculture could lead to a food crisis.

“Nothing can explain allocating GH¢1.5 billion (0.5% of the budget) to agriculture. The President touts agriculture as the key driver for job creation, industrial growth, food security, and prosperity, yet in a GH¢290 billion budget, this key sector receives only GH¢1.5 billion.

“Worse still, the details of this GH¢1.5 billion allocation will shock you. In the coming days, I’ll unpack why this kind of budgetary allocation will lead us toward a serious food security crisis,” he wrote.