The government has allocated GH¢2.9 billion to the Ministry of Food and Agriculture in the 2027 Budget to support farmers through investments in agricultural machinery, fertiliser, seeds, silos and irrigation.
Finance Minister Dr Cassiel Ato Forson announced the allocation when he presented the 2027 Budget Statement to Parliament on Thursday, November 12, 2026.
The allocations include:
– GH¢800 million to procure agricultural machinery for Phase Two of the Farmer Service Centres.
– GH¢515 million for fertiliser and certified seeds for grains, vegetables, roots and tubers.
– GH¢500 million for the construction of silos to improve food purchasing and storage.
– GH¢245 million for the Poultry Farm-to-Table project.
– GH¢200 million for the National Food Buffer Stock Company.
– GH¢105 million for ongoing irrigation projects.
– GH¢60 million for the Feed Ghana Programme.
Dr Forson said increasing domestic food production and processing would have wider benefits for the economy.
“When Ghana grows more of what it eats, processes more of what it grows and exports more of what it makes, rural prosperity will rise, inflation will become easier to control, and the cedi will face less pressure,” he said.
Agriculture is also a key component of the government’s New Economy programme. According to the Finance Minister, US$3 billion of the US$10 billion programme planned for 2027 to 2030 will be invested in commercial agriculture.
The government is targeting an end to commercial rice imports by 2030.
The allocation comes amid a slowdown in agricultural growth. Data from the Ghana Statistical Service indicate that the sector grew by 2.6 per cent in August 2026, compared with 8.6 per cent in August 2025 and 3.7 per cent in July 2026.
The 2027 Budget also allocates GH¢3.1 billion to the Ministry of Energy and Green Transition, including GH¢3 billion to extend rural electrification to six regions. The investment is expected to support farming communities that require electricity for food processing and storage.
The agricultural allocations target production costs through support for inputs and machinery, as well as storage and food supply management. The proposed silos and funding for the National Food Buffer Stock Company are intended to reduce post-harvest losses and help stabilise food supplies.
However, the Budget does not specify timelines for the delivery of these interventions.
By:Rachael Djabakie