Exporters call for single-digit interest rates to boost Ghana’s horticulture sector

The president of the Federation of Association of Ghanaian Exporters, Davis Korboe, has called for single-digit interest rates to help boost Ghana's horticulture sector. The horticulture industry has the potential to contribute significantly more to Ghana's economy, currently generating about GH¢5 billion in revenue, but accessing affordable financing is a major challenge.

Korboe made this call at a press event to launch the 2026 Ghana Horticulture Expo, which aims to showcase opportunities and promote investment in the sector. The expo will gather farmers, exporters, processors, investors, policymakers, and other industry players to explore growth, innovation, and increased competitiveness. Korboe emphasized that affordable long-term financing is essential to unlock the sector's full potential, as high lending rates hinder businesses' ability to expand production, invest in technology, and meet international market requirements.

The Ghana Incentive-Based Risk-Sharing System for Agricultural Lending (GIRSAL) has pledged to support businesses in the horticulture sector by mitigating lending risks. The 2026 Ghana Horticulture Expo will also present a platform for industry players to exhibit locally produced horticultural products and discuss challenges such as access to finance, infrastructure, technology, and markets.

Overcoming these obstacles is crucial to positioning Ghana's horticulture sector as a crucial contributor to economic growth, job creation, and export earnings.