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Paul Kwabena-Amaning, President of the Artisanal Palm Oil Millers and Outgrowers Association of Ghana, has asserted that substantial government investment in the oil palm business has the potential to sustain and enhance Ghana’s economy.
He expressed confidence that Ghana could lead the world in palm oil production with government support and stressed the importance of investing in the industry to make it profitable and generate employment opportunities for the youth.
During an interview on Kumasi-based Angel FM, he remarked, “The oil palm industry can make Ghana one of the best economies in the world; this can be achieved if the government invests huge sums of money in the palm oil industry.”
Kwabena-Amaning highlighted Malaysia’s success in palm oil production, attributing it to their effective land tenure arrangement that enables large-scale cultivation of palm trees and processing of high-quality oil.
He further emphasized that as the oil palm industry becomes more commercialized, Ghana’s economy will experience growth, and the unemployment rate will decline.
Source: Omanghana.com
