Ghana’s Finance Minister, Cassiel Ato Forson, met with representatives of British International Investment (BII) to explore investment opportunities in Ghana’s agribusiness sector. The meeting focused on the country’s plans to launch a Palm Industry Policy, aiming to attract private investment to cultivate 50,000 hectares of palm.
The initial phase of the project will commence with a $100 million investment for the first 20,000 hectares. Minister Forson also extended an invitation to BII to support Consolidated Bank Ghana (CBG) in its efforts to reposition and grow.
BII reaffirmed its commitment to Ghana, with over $200 million currently invested, primarily in the energy sector. The company is considering bringing its full Board to Ghana for the first time in about a decade, demonstrating its interest in expanding its presence in the country.
Additionally, BII expressed interest in supporting small and medium-sized enterprises (SMEs), forestry, and broader investment attraction initiatives. Minister Forson emphasized that Ghana is open for business and welcomes partners ready to grow with the country.
This development is part of Ghana’s efforts to diversify its economy and reduce reliance on traditional exports like cocoa. By attracting investment in the palm industry, Ghana aims to create new opportunities for economic growth and development.
Ruth Abla ADJORLOLO
