ADVERTISEMENT
Radio Gold 90.5 FM
  • Home
  • News
  • Politics
  • Sports
  • Business
  • Technology
  • Education
  • Opinion
  • World
  • Insurance
  • Radio
No Result
View All Result
  • Home
  • News
  • Politics
  • Sports
  • Business
  • Technology
  • Education
  • Opinion
  • World
  • Insurance
  • Radio
No Result
View All Result
Radio Gold 90.5 FM
No Result
View All Result
Home General

Government Targets 100,000 Hectares of New Oil Palm Plantations to Reset Industry

by Victor Lavor
August 12, 2026
in General, News, Top Story
Reading Time: 5 mins read
0 0
0
AGRIC
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

The Government has reaffirmed its commitment to transforming Ghana’s oil palm industry, with plans to support the establishment of 100,000 hectares of new oil palm plantations as part of efforts to boost domestic production, create jobs and reduce the country’s dependence on imported palm oil.

The Minister for Food and Agriculture, speaking at the National Oil Palm Multistakeholder Roundtable Forum in Accra on Wednesday, said the expansion programme would form part of a broader strategy to move the industry from policy commitments to measurable results.

Held under the theme “From Policy to Practice: The Role of TCDA in Resetting Ghana’s Oil Palm Industry,” the forum brought together government officials, the Tree Crops Development Authority (TCDA), farmers, processors, investors, research institutions, development partners, traditional authorities and other actors across the oil palm value chain.

ADVERTISEMENT

The Minister said Ghana had no shortage of policies and studies on agriculture, but stressed that the priority should now be implementation, coordination and accountability.

“Policy acquires value only when it changes lives,” the Minister said, stressing that the forum should produce clear commitments on responsibilities, timelines, resources and measurable targets.

Closing the production gap

According to the Minister, oil palm remains a strategic crop because of its links to both agriculture and industry. The crop supports farmers, nursery operators, transporters, processors, traders and manufacturers, while also providing opportunities for women and young people.

ADVERTISEMENT

Beyond edible oil, palm products serve as raw materials for industries including soap and cosmetics manufacturing, pharmaceuticals, confectionery, animal feed and bioenergy.

However, Ghana continues to face a significant gap between domestic palm oil production and national demand, resulting in substantial imports.

The Minister described the deficit as more than a supply problem, saying it represents lost employment opportunities, underutilised processing capacity, reduced farmer incomes and foreign exchange that could otherwise remain in the domestic economy.

The situation, he added, also creates opportunities for smuggling and unfair competition, which undermine legitimate businesses and reduce government revenue.

TCDA to anchor industry transformation

The Minister identified the Tree Crops Development Authority, established under the Tree Crops Development Authority Act, 2019 (Act 1010), as the institutional anchor for the oil palm transformation agenda.

TCDA is expected to strengthen registration and licensing, production planning, industry data collection, traceability, quality assurance and coordination among stakeholders.

The Minister said formalisation should not be viewed by businesses as an administrative burden, but as a foundation for credibility, investor confidence, traceability and access to premium markets.

Government, he said, would support TCDA in enforcing industry standards fairly and consistently to protect compliant businesses, consumers and the reputation of Ghanaian palm oil.

Focus on productivity and smallholders

The Minister stressed that the proposed 100,000-hectare expansion should not be measured simply by acreage.

Success, he said, would depend on the quality of planting materials, farm productivity, farmer incomes, inclusion of smallholders, women and young people, secure land arrangements, environmental protection, access to finance, processing efficiency and stronger market linkages.

He called for increased access to high-yielding, climate-resilient and disease-tolerant planting materials, backed by research, certified nurseries, extension services and improved farm management.

Smallholder farmers, he said, must remain at the centre of the industry, with large-scale investment complemented by well-organised and adequately supported smallholder and outgrower schemes.

Farmers must also have access to secure markets, transparent pricing, extension services and affordable inputs, while receiving a fair share of the value generated along the chain.

Land, finance and processing

The Minister also highlighted land tenure and access to finance as major constraints to oil palm development.

Because oil palm is a long-term investment, he called for patient financing arrangements that take into account the crop’s gestation period. Financial institutions, he said, should develop suitable products for nurseries, farmers, aggregators and processors.

Traditional authorities, landowners, district assemblies and investors were urged to promote transparent land arrangements that benefit local communities while reducing potential conflicts.

The Minister further called for investments in efficient processing facilities, storage, logistics, quality control and reliable off-take arrangements.

He said Ghana should move beyond increasing production of fresh fruit bunches to developing more finished palm-based products for domestic consumption and export.

Sustainability and inclusion

Sustainability and traceability were also identified as critical to the industry’s future.

The Minister said Ghana’s oil palm expansion must avoid the destruction of forests and environmentally sensitive landscapes while improving productivity on existing plantations and bringing suitable new areas into production.

He noted that international markets increasingly demand evidence of product origin, environmental responsibility, decent labour practices and quality.

Women and young people, he added, should have deliberate opportunities across production, aggregation, processing, technology, logistics and enterprise development.

Call for coordinated action

The Minister emphasised that the transformation could not be achieved by government alone.

He called for stronger collaboration among the Ministry of Food and Agriculture, TCDA, other government institutions, research organisations, financial institutions, development partners, district assemblies, traditional authorities, farmer organisations and the private sector.

Government, he said, would focus on creating an enabling environment and providing strategic public investment, while the private sector would be expected to contribute capital, technology, innovation, efficiency and access to markets.

The Minister urged participants to ensure that partnerships translated into clear commitments, shared risks, defined responsibilities and measurable outcomes.

He said future assessments of the programme should focus on tangible results, including certified nurseries, productive farms, functioning mills, new businesses, decent jobs, increased domestic palm oil supply and reduced imports.

The Minister said Ghana had the land, climate, knowledge, entrepreneurial capacity and market opportunities required to become a leading producer and processor of sustainable palm oil.

He described the proposed industry reset as a shift from fragmented interventions to coordinated action, low productivity to higher yields, informal operations to a traceable industry, and import dependence to greater national self-reliance and export competitiveness.

ShareTweetSendShare
ADVERTISEMENT
Previous Post

Adamus Resources Challenges Revocation of Mining Leases

Next Post

Ghana Strengthens Maritime Security Framework with New Maritime and Related Offences Bill

Related Posts

Ghana Strengthens Maritime Security Framework with New Maritime and Related Offences Bill
General

Ghana Strengthens Maritime Security Framework with New Maritime and Related Offences Bill

August 12, 2026
Adamus Resources Challenges Revocation of Mining Leases
General

Adamus Resources Challenges Revocation of Mining Leases

August 12, 2026
Ablakwa thanks Pentecost Church for helping stranded Ghanaians from Xenophobic attacks
General

Ablakwa thanks Pentecost Church for helping stranded Ghanaians from Xenophobic attacks

August 12, 2026
Ghana’s Banking Sector Strengthens as Capital Adequacy Ratio Rises to 20.4% — BoG Governor
Business

Ghana’s Banking Sector Strengthens as Capital Adequacy Ratio Rises to 20.4% — BoG Governor

August 12, 2026
BoG Governor Pushes Banks to Expand Credit to SMEs as Private Sector Lending Surges 41.2%
General

BoG Governor Pushes Banks to Expand Credit to SMEs as Private Sector Lending Surges 41.2%

August 12, 2026
Turn Diaspora Remittances into Productive Investments – BoG to Banks
Business

Turn Diaspora Remittances into Productive Investments – BoG to Banks

August 12, 2026
Load More
Next Post
Ghana Strengthens Maritime Security Framework with New Maritime and Related Offences Bill

Ghana Strengthens Maritime Security Framework with New Maritime and Related Offences Bill

Mahama Care

Ghana Strengthens Maritime Security Framework with New Maritime and Related Offences Bill

Government Targets 100,000 Hectares of New Oil Palm Plantations to Reset Industry

Adamus Resources Challenges Revocation of Mining Leases

Ablakwa thanks Pentecost Church for helping stranded Ghanaians from Xenophobic attacks

Ghana’s Banking Sector Strengthens as Capital Adequacy Ratio Rises to 20.4% — BoG Governor

BoG Governor Pushes Banks to Expand Credit to SMEs as Private Sector Lending Surges 41.2%

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
radio gold 90.5 fm

radio gold 90.5 fm is one of the first private radio station in Ghana. radio gold 90.5 fm Your Power Station

Recent Posts
  • Ghana Strengthens Maritime Security Framework with New Maritime and Related Offences Bill August 12, 2026
  • Government Targets 100,000 Hectares of New Oil Palm Plantations to Reset Industry August 12, 2026
  • Adamus Resources Challenges Revocation of Mining Leases August 12, 2026
  • Ablakwa thanks Pentecost Church for helping stranded Ghanaians from Xenophobic attacks August 12, 2026
  • Ghana’s Banking Sector Strengthens as Capital Adequacy Ratio Rises to 20.4% — BoG Governor August 12, 2026
  • BoG Governor Pushes Banks to Expand Credit to SMEs as Private Sector Lending Surges 41.2% August 12, 2026
  • Turn Diaspora Remittances into Productive Investments – BoG to Banks August 12, 2026

Scholarships

President Mahama announces scholarship schme to tertiary students across the ECOWAS sub-region to study in universities in Ghana.

Admissions open for Ghana’s 46 Public Colleges of Education (2025/2026 Academic Year)

Scholarships for Non US Citizens 2025-26 (Fully Funded)

How to Get a Full Scholarship: A Complete Guide

The Rhodes Scholarship: Building Tomorrow’s Leaders Since 1902

Your Complete Guide to Purdue Global Scholarships: Opening Doors to Education

Rice University MBA Scholarships: Your Complete Guide to Funding Opportunities

Understanding Sallie Mae Scholarships: A Trusted Path to Education Funding

Insurance

NHIA launches ‘STORM’ initiative offering free NHIS registration and instant activation nationwide

10% Pension Indexation sparks pushback as SSNIT Pensioners demand “Minimum Living Pension”

SSNIT announces 10% Pension Indexation for 2026, boosts lowest earners by over 36%

SIC recovers state insurance businesses sold to private firms under Akufo-Addo

SSNIT revises Pensioner Certificate Policy; introduces annual birth-month certification for all pensioners

SIC Ladies Association to create awareness on breast cancer

Managing Director of SIC Insurance PLC underscores the need for collaboration and innovation for the growth of the insurance industry.

Amity Lodge and Partners to Provide Free Healthcare in Kotobabi Down

© 2018 Radio Gold 90.5 fm –  All rights reserved. Own and operated by Network Broadcasting Company Ltd.

  • Contact
  • Privacy Policy
  • Terms and Conditions
  • Advertise
  • Disclaimer

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
No Result
View All Result
  • Home
  • Politics
  • News
  • Business
  • Culture
  • National
  • Sports
  • Scholarship
  • Travel
  • Opinion

© 2023 Radio Gold 90.5 fm - Operated and own by NewbyNetwork Broadcasting Company Ltd Radio Gold.

okyeame