Ghana faces 150,000-tonne annual palm oil supply gap– OPDAG
By Ashiadey Dotse President of the Oil Palm Development Association of Ghana (OPDAG), Paul Kwabena Amaning, says Ghana needs an additional 150,000 metric tonnes of crude palm oil each year to meet domestic demand. He said the country currently produces about 250,000 metric tonnes annually, while demand stands at approximately 400,000 metric tonnes. Mr. Amaning […]
The Oil Palm Development Association of Ghana (OPDAG) has highlighted a significant supply gap in the country's palm oil industry, estimating a need for an additional 150,000 metric tonnes of crude palm oil annually to meet domestic demand. Currently, Ghana produces around 250,000 metric tonnes of palm oil each year, while the demand is approximately 400,000 metric tonnes.
This shortfall presents an opportunity for increased investment in oil palm farming, processing improvements, and strengthening the industry's competitiveness. OPDAG President Paul Kwabena Amaning called for greater financing, including support for smallholder farmers, aggregators, and artisanal processors, who contribute substantially to palm oil production and employment but often face difficulties accessing credit, modern machinery, and formal business support.
Amaning also emphasized the potential benefits of digital financial services in enhancing payment security, record-keeping, and transparency, as well as expanding access to savings, credit, and insurance for various stakeholders in the industry.
Brief written by urgent.news from GBC Ghana's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
