The Minister for Food and Agriculture, Eric Opoku, has disclosed that the government will require about GH¢500 million to address the ongoing oversupply of farm produce, commonly referred to as a food glut.
Mr. Opoku stressed the importance of a coordinated and data-driven approach in resolving the issue, warning that inaction could discourage farmers from reinvesting in agriculture.
“You do not just get up and move into a farm because there is a glut. You need to move there with your technical team to ascertain the amount of farm produce to be procured.
“From the figures we are receiving, we will need about GH¢500 million to be able to clear it,” he said.
The Minister revealed that his outfit is in discussions with the World Food Programme and other development partners to explore strategies for managing the glut and preventing future occurrences.
“If we are able to deal with it properly, it can encourage our farmers to reinvest in farming because it becomes profitable. But if we don’t act and allow these foods to go to waste, it will be a huge loss of the century, and people will be demotivated to invest in agriculture,” Mr. Opoku added.
The government’s move forms part of broader efforts to stabilise food prices, protect farmers’ livelihoods, and ensure sustainable agricultural production nationwide.
