President John Dramani Mahama has outlined an ambitious roadmap for Ghana’s economic recovery, agricultural transformation, and youth empowerment in his 2025 State of the Nation Address (SONA) before Parliament on Thursday, February 27.
The President announced that the Ministry of Energy and Green Transition has directed the removal of the unitization policy following arbitration between Springfield and E&I.
He expressed optimism that this move would create an amicable resolution and attract more investments into Ghana’s oil and gas sector.
“We believe that this will open the way for an amicable resolution of the issues between Springfield and E&I, and this should make our oil and gas prospects more attractive to investments going forward,” he stated.
Mr. Mahama addressed Ghana’s growing food import bill, which currently exceeds $2 billion annually, and pledged to implement comprehensive policies to enhance agricultural productivity and agro-processing.
Speaking on his government’s plan to transform the sector, he said, “Our food import bill continues to soar, reaching alarming levels of over $2 billion annually. Rising food inflation is burdening households and threatening livelihoods. To address this, we’re implementing several well-considered policies to grow the agricultural sector, including agro-processing.”
He outlined the Agriculture for Economic Transformation Agenda (AETA), which he said would modernize agriculture, boost agribusiness, and lower food inflation while creating sustainable jobs.
He also introduced the Feed Ghana Program, aimed at increasing local food production and reducing prices through initiatives like the Grain Development Project, focusing on rice, maize, and soya bean production.
“The Vegetable Development Project will target crops such as tomatoes, onions, and pepper. Our Poultry Farm to Table Project will eliminate poultry imports and increase local production,” Mr. Mahama added.
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Source: Comfort Sweety Hayford/ATLFMNEWS
