Ghana is aiming to achieve self-sufficiency in palm oil production by 2032 through a new National Policy on Integrated Oil Palm Development unveiled in the 2026 Budget.
The policy, which spans from 2026 to 2032, seeks to cultivate over 100,000 hectares of new oil palm plantations and create about 250,000 direct and indirect jobs.
Presenting the budget to Parliament on Thursday, Finance Minister Dr. Cassiel Ato Forson said the initiative will be implemented by the Tree Crops Development Authority (TCDA) in collaboration with the Oil Palm Research Institute and private sector partners.
“This policy is designed to make Ghana the palm oil hub of West Africa,” Dr. Forson stated. “We will support smallholders with improved seedlings, access to finance, and processing technology to ensure inclusive growth.”
The policy also focuses on retooling local mills, promoting sustainable farming practices, and increasing value-added exports such as refined palm oil and oleochemicals.
Government officials say the programme will not only enhance rural livelihoods but also cut down on palm oil imports, saving millions in foreign exchange.
