Government targets 250,000 jobs with oil palm development plan

He explained that a key component of the Integrated Oil Palm Development Policy was the establishment of sustainability-compliant oil palm land banks to reduce investment risks for the private sector and facilitate the development of large-scale plantations integrated with smallholder farmers and outgrower schemes.

Dr Forson also announced that government was finalising a US$500 million Integrated Oil Palm Development financing agreement with the World Bank to support private sector investment in large-scale commercial oil palm plantations."This initiative will unlock significant private sector investment, create over 250,000 direct and indirect jobs across the value chain, strengthen smallholder participation, increase domestic crude palm oil production, reduce import dependency, and position Ghana as a leading regional hub for palm oil processing and exports," Dr Forson said.