The President of the Federation of Associations of Ghanaian Exporters (FAGE), Davis Korboe, has called for a clear and robust policy framework to support Ghana's export sector, particularly the agribusiness value chain.He emphasised that a well-structured framework would provide a "special purpose vehicle" to support exporters, sustain growth momentum, and expand market accessSpeaking at the press launch of the Ghana Horticulture Expo 2025 in Accra on Sunday, Mr Korboe highlighted the challenges faced by exporters amid global economic pressures, citing the absence of a comprehensive policy to guide and cushion their operations.Scheduled for June 11 to 13, 2025, the Expo is on the theme; "Innovate, Transform, and Sustain: Driving Growth in Ghana's Horticultural Sector."It aims to showcase the sector's potential to drive economic development and attract investment.The event is expected to bring together producers, exporters, investors, researchers, and policymakers to explore strategies for innovation, sustainability, and improved market access.Key topics will include climate resilience, regional trade integration, and inclusive participation, particularly involving youth and women-led agribusinesses.While acknowledging support from financial institutions like EXIM Bank and the Ghana Incentive-Based Risk-Sharing System for Agricultural Lending (GIRSAL), Mr Korboe said current interventions were insufficient to address the full scope of exporters' economic challenges."Our exporters are crying; this is the time for our banks to step up.
There should be a special purpose vehicle for export and agribusiness in general.
Once that happens, these shocks will be absorbed," he stated.Mr Korboe also addressed the performance of the Ghanaian cedi against major foreign currencies, urging a measured approach to managing its value."There's too much pressure on the cedi, and that hurts our exports.
Some depreciation is necessary, but it shouldn't happen overnight.Stability is important, but we must understand the difference between stability and appreciation," he cautioned.In a remark also, the Vice President of the Coconut Federation-Ghana, Mr Kwaku Boateng, stressed the horticulture industry's critical role in Ghana's non-traditional export basket."Modern horticulture is no longer limited by daylight.