Agric sector holds huge potential to boost Ghana’s foreign exchange reserves – Governor Addison

Dr. Ernest Addison, Governor of the Bank of Ghana, emphasized the critical role of agricultural financing in Ghana’s development, noting agriculture's 24% contribution to GDP and 40% employment rate. He highlighted that agricultural sector developments are vital for economic stability and food security.

GIRSAL, a Bank of Ghana initiative, has significantly impacted agricultural financing by issuing over GH¢604.53 million in credit guarantees and facilitating GH¢1.18 billion in loans.

It has also supported the rubber sector, creating jobs and generating significant export revenues. GIRSAL’s efforts aim to de-risk agricultural financing and boost the sector’s growth.