Business Outlook Africa

Agriculture

Agriculture

Parliamentary Agric Committee Commends NAFCO Over Financial Turnaround

The Chairman of Parliament’s Food, Agriculture and Cocoa Affairs Committee, Dr. Godfred Seidu Jasaw, has commended the National Food Buffer Stock Company (NAFCO) for its financial turnaround, moving from a GH¢20 million debt position to over GH¢96 million in profit in the 2025 financial year.

Speaking during a working visit to NAFCO’s regional office in Kumasi, Dr. Jasaw praised the company’s efforts to strengthen its operations and provide logistics for its regional offices.

Agriculture

COCOBOD Turns to Domestic Market to Raise $1.4 Billion for Cocoa Purchases

COCOBOD is seeking to raise about $1.4 billion which is roughly GH¢16.3 billion from the domestic debt market, through a newly created vehicle, Cocoa Capital PLC, to finance cocoa purchases for the 2026/2027 crop season.

The move marks a shift from COCOBOD’s traditional reliance on international borrowing, with the Board citing the relative stability of the cedi and lower interest rates as key drivers.

Agriculture

Cocobod Engages International Trading Partners Ahead of the 2026/27 Cocoa Season

Cocobod has engaged its international trading partners ahead of the new cocoa season.

Led by Chief Executive Officer Dr. Ransford Abbey and his Deputy in charge of Finance & Administration, Mr. Ato Boateng, Cocobod’s delegation met with representatives of major international cocoa trading and processing companies with longstanding commercial relationships with Ghana’s cocoa sector.

Agriculture

Agribusiness Launchpad 2.0: Dumelo Calls for Market Research, Local Patronage in Farming

Deputy Minister of Food and Agriculture John Dumelo has admonished farmers to thoroughly study the market before getting into any form of farming.

Speaking at the Agribusiness Launchpad 2.0, the deputy minister recounted how he once lost almost all his snails in business simply because they seem lucrative and he entered the market without knowing much about them.

Agriculture

Impact Food Hub, Absa Wrap Up Agribusiness Launchpad 2.0 Training

The Impact FoodHub in collaboration with Absa Bank has organized an intense 3 day training dubbed Agribusiness Launchpad 2.0 aimed at providing support to startups within the agribusiness space and equipping them with the skills needed to scale both locally and globally .

The training took place from the 5th – 7th August 2026 and brought together key stakeholders including researchers, agripreneurs,policy makers and other key stakeholders across the value chain.

Agriculture

Absa Bank Ghana MD Urges Startups to Fix Structure Before Seeking Funding

The Managing Director of Absa Bank Ghana, Dr. Edward Nartey Botchway, has stated that the biggest problem startups face in business is not finance, but rather structure.

Speaking at the Agribusiness Launchpad 2.0, organized by Impact Food Hub and Absa, Dr. Nartey Botchway argued that finance given to a business without the proper structure in place will eventually go to waste.

Agriculture

Dr. Zanetor Urges Financial Institutions to Rethink Agribusiness Financing in Ghana

The President’s nominee for Minister of Environment, Science and Technology, Dr. Zanetor Agyeman-Rawlings, has challenged financial institutions to rethink how they support agribusinesses in Ghana.

Speaking at the Agribusiness Launchpad 2.0, Dr. Zanetor argued that farming cannot be treated the same way as other industries, calling for a different approach to how agriculture is financed in the country.

Agriculture

Ghana Pushes for Fair and High-Integrity Carbon Markets at London Climate Action Week

Ghana has renewed its call for a fair, transparent and high-integrity global carbon market, saying it is essential for mobilising climate finance and helping developing countries meet their emissions reduction targets. Speaking at a meeting of the Coalition to Grow Carbon Markets during London Climate Action Week on June 23, 2026, the Deputy Minister for Lands and Natural Resources, Yusif Sulemana, described carbon markets as a practical tool for unlocking investment, accelerating mitigation, and delivering real benefits for communities and nature. He revealed that Ghana had taken bold steps to integrate carbon markets into its national climate strategy, assigning 24 million tonnes of its emission reduction target to Article 6 cooperation under the Paris Agreement. According to him, the country has doubled that ambition in its revised Nationally Determined Contributions (NDCs). The Deputy Minister also highlighted Ghana’s four bilateral carbon market agreements with Switzerland, Sweden, Singapore and South Korea, describing them as evidence of the country’s readiness and commitment to transparency and environmental integrity. He added Ghana’s focus is now on scaling investment in carbon finance projects, including clean cooking, renewable energy, forest conservation and methane reduction. “We want to see more high-quality mitigation activities,” the Deputy Minister said. He, however, stressed that credibility must remain at the heart of market growth. “Integrity is the foundation of trust, and trust is the currency of carbon markets”,Sulemana added. He called for fair carbon pricing and equitable benefits for host communities. The Coalition to Grow Carbon Markets is a government-led initiative launched at London Climate Action Week. Its primary goal is to spur global corporate demand for high-integrity carbon credits to help close the estimated $1.3 trillion climate finance gap.