Dr. George Domfeh advocates for significant investment in Ghana’s agriculture sector to create jobs and reduce reliance on imports. He emphasizes that this initiative can strengthen the local currency, the Cedi. Domfeh highlights past failures since independence in 1957 as contributing factors to the current economic challenges and calls for a unified effort to improve agriculture and manufacturing.
Dr. George Domfeh, a Development Economist, has underscored the necessity of significant investment in Ghana’s agriculture sector. He asserts that enhancing this sector will not only create employment opportunities but also mitigate the excessive dependence on imported foods, which has adversely affected the local currency, the Cedi. He contends that boosting local agricultural production could fortify the Cedi’s value by enabling self-sufficiency and increased exports.
Speaking at the post-budget dialogue 2025 organized by the University of Professional Studies, Accra (UPSA) and the Institute of Economic Research and Public Policy (IERPP), Dr. Domfeh pointed out that Ghana’s dependency on imports compromises the nation’s economic stability. He compared the country’s situation to global inflation trends, noting that previous high inflation rates in the United States, Germany, and the United Kingdom led to significant political repercussions. These global events further emphasize the risks associated with relying on international sources for essential goods.
Dr. Domfeh expressed concern that the current economic challenges facing Ghana are attributed to a long-standing lack of commitment to agricultural advancement since independence in 1957. He emphasized the need to shift blame from the government to a collective recognition of past failures in agricultural and manufacturing sectors. He called for a unified effort to enhance agriculture, which, in turn, would create jobs and reduce over-reliance on imports, fostering national economic development.
Overall, Dr. Domfeh’s remarks highlight the urgent need for Ghana to invest in its agricultural capabilities as a means to strengthen the economy and improve the livelihoods of its citizens.
In summary, Dr. George Domfeh advocates for significant investment in Ghana’s agriculture sector to create job opportunities and lessen dependence on imported foods. He highlights historical neglect since independence and the associated economic consequences. By improving agriculture, Ghana can enhance its currency’s strength and foster economic independence, ultimately ensuring a more prosperous future for its citizens.
Original Source: 3news.com
