The Chief Executive Officer of Western Deedew Group Company Limited, producers of Western Deedew and Ashanti Royal brands of Ghana rice, Alfred Kwabena Amofa, believes any effort at reviving Ghana’s economy will be futile if governments fail to harness the full potential of the country’s agriculture sector.
Speaking on the Citi Business Edition of the Citi Breakfast Show, Mr. Amofa lamented that farmers in Ghana are unable to meet the demand for their products due to financial constraints, a problem that can be solved by the government if it deepens its focus on the sector.
“The demand for Ghana rice has shot up. For instance, I got an order of 1000 bags of my rice, but I could not readily make them available. The challenge is that we do not have enough capital to produce more of our products. We need a capital injection to solve the problem. If I am given GHS 5 million, I can expand to 1,000 acres of land and pay back by the end of the year, even with 20% interest. We have the market. We only need a capital injection to expand our businesses.”