The Oil Palm Development Association of Ghana (OPDAG) warmly commends the Government of Ghana and the Honorable Minister for Finance, Dr. Cassiel Ato Forson, for the far-reaching announcement in the 2026 Budget of a dedicated US$500 million Oil Palm Development Finance Window.
This decisive commitment reflects the Government’s recognition of the oil palm sector as a strategic pillar for economic transformation, industrialization, and large-scale job creation across Ghana’s agricultural value chain.
Under the new National Policy on Integrated Oil Palm Development (2026–2032), the initiative includes:
A long-tenor, concessionary financing facility with a five-year moratorium on principal and interest.
Funding support covering up to 70% of project costs for plantations, processing, and value-addition facilities.
A national target of cultivating 100,000 hectares of new plantations and generating over 250,000 direct and indirect jobs.
A strong focus on sustainability, out-grower schemes, and value-addition to build a globally competitive oil palm economy.
OPDAG notes that this policy direction is timely, as Ghana currently produces approximately 300,000 metric tonnes of palm oil annually against a national demand of more than 400,000 metric tonnes—resulting in a deficit exceeding 100,000 tonnes. Closing this gap will reduce imports, conserve foreign exchange, and strengthen rural livelihoods.
As part of our commitment to enhancing governance, transparency, and global competitiveness in the oil palm sector, OPDAG is collaborating with Royvia Plus…
Press Release – US$500m Govt Financing