Exporters call for single-digit interest rates to boost Ghana’s horticulture sector
President of the Federation of Association of Ghanaian Exporters, Davis Korboe, is calling for the introduction of single-digit interest rates for agribusinesses in Ghana’s horticulture sector to support growth and improve its competitiveness. According to him, the horticulture industry has significant potential to expand its contribution to the Ghanaian economy beyond its current revenue of […]
The Federation of Association of Ghanaian Exporters' President, Davis Korboe, has called for single-digit interest rates to boost Ghana's horticulture sector. This call comes amid preparations for the 2026 Ghana Horticulture Expo, an event aimed at promoting investment and showcasing opportunities within the sector. Korboe emphasized that affordable long-term financing is crucial to unlocking the full potential of the horticulture industry.
He explained that high lending rates hinder businesses from expanding production, investing in technology, and meeting international market standards.
The Ghana Incentive-Based Risk-Sharing System for Agricultural Lending (GIRSAL) COO, Samuel Yeboah, echoed Korboe's sentiments, reiterating the institution's commitment to mitigating risks associated with lending to horticulture businesses. The 2026 Ghana Horticulture Expo will serve as a platform for industry players to discuss challenges such as access to finance, infrastructure, technology, and markets.
Addressing these issues is vital to positioning Ghana's horticulture sector as a significant contributor to economic growth, job creation, and export revenues.
Written by urgent.news from Joy Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
