• Advertise with Us
  • About Us – Fish Fm Online
  • Contact Us
  • Live TV & Radio
Tuesday, June 9, 2026
  • Login
  • Business
  • Politics
  • General News
  • Entertainment
  • Sports
  • Tech
  • Africa
  • Listen 88.5 Radio Live
No Result
View All Result
FISH FM ONLINE
  • Business
  • Politics
  • General News
  • Entertainment
  • Sports
  • Tech
  • Africa
  • Listen 88.5 Radio Live
No Result
View All Result
FISH FM ONLINE
No Result
View All Result
Home General News

Government to condition rice imports on domestic output in landmark move

Patrick Gyasi by Patrick Gyasi
June 3, 2026
in General News
0
Government to condition rice imports on domestic output in landmark move
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

Government is preparing to link rice import permits directly to investment in the country’s own rice farms and mills – a policy shift that the Agric Ministry hopes will accelerate progress toward self-sufficiency and trim a growing import bill.

The new regime was announced by the Minister of Agriculture, Eric Opoku, at the West Africa Rice Investment Roundtable in Accra, organised in partnership with the World Bank, ECOWAS Commission, and the African Development Bank.

The announcement was greeted with loud applause from the participants, who included Ghana’s Vice President, Prof. Jane Naana Opoku-Agyemang; President of the ECOWAS Commission, Dr Omar Alieu Touray; Vice President for Planet at the World Bank, Guangzhe Chen; and Deputy Finance Minister, Thomas Nyarko Ampem.

The policy, when implemented, will mean importers can no longer secure permits without first showing verifiable partnerships with Ghanaian rice producers.

“Government will implement an import quota policy that directly links the privilege of importing rice to the growth of domestic production,” Mr Opoku said.

Under the plan, importers must provide evidence of procurement deals or investment arrangements with local rice growers before receiving approval to bring rice into the country.

The minister sought to reassure consumers and traders that the goal is not to drive up prices or empty shop shelves.

“We are not raising tariffs that punish consumers. We are not imposing bans that create shortages,” he stated. Instead, he argued, the policy aims to redirect value from the rice trade toward building Ghana’s own productive capacity.

Ghana’s reliance on imported rice remains a heavy burden on the economy, even as domestic output has risen. Last year, the country consumed about 1.71 million tonnes of rice, while local milled production reached roughly 960,000 tonnes. That gap—nearly 751,000 tonnes—forced Ghana to spend around $320 million on imports to meet demand.

Self-sufficiency currently stands at about 56 per cent, up from around 45 per cent at the start of the decade. But according to the government, the pace needs to accelerate significantly to achieve full self-reliance.

The minister told investors and industry players at the two-day gathering that the share of imports in the market would be reduced progressively over the next decade, with each reduction tied to verified increases in local production. “We will not create a gap we cannot fill,” he assured them.

Government modelling suggests that achieving 100 per cent self-sufficiency within ten years could save Ghana roughly $2.1 billion in cumulative foreign exchange costs, attract more than $400 million in private-sector investment, and create over 200,000 jobs across farming, processing, logistics, and related services. Mr Opoku described the rice sector as the country’s “single largest untapped agribusiness opportunity.”

Beyond the import reforms, the government is also deploying satellite-based geospatial mapping technology—developed with support from the World Bank and experts from the NASA Harvest programme—to identify and classify land suitable for rice production nationwide.

The exercise is expected to provide investors with location-specific data on production opportunities and irrigation potential.

The minister said combining data-driven investment planning with guaranteed market access through the quota regime should help de-risk the sector and unlock capital for large-scale expansion.

The new policy is part of the broader Feed Ghana Programme, which includes investments in irrigation, mechanisation, improved seed systems, post-harvest infrastructure, and value addition, alongside intensified efforts to curb rice smuggling and expand the market for locally produced rice through the “Buy Ghana First” initiative.

 

 

Disclaimer: The content provided on Fish FM Online is for informational and entertainment purposes only. While we strive for accuracy, we do not guarantee the completeness, reliability, or timeliness of the information presented. Fish FM Online and its affiliates are not responsible for any errors or omissions, nor for any decisions made based on the content available on our platform.

Tags: Eric OpokuMinister of Agriculture
Previous Post

Black Stars final 26-man World Cup squad analysed: Strengths, concerns and key questions

Next Post

Sheikh Shaibu warns NDC, NPP: Don’t turn anti-LGBTQ+ bill into political football

Next Post
Sheikh Shaibu warns NDC, NPP: Don’t turn anti-LGBTQ+ bill into political football

Sheikh Shaibu warns NDC, NPP: Don’t turn anti-LGBTQ+ bill into political football

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

EDITOR'S PICK

  • All
  • Politics
Minority MPs demand reversal of Mahama’s ban on State land transactions

Minority MPs demand reversal of Mahama’s ban on State land transactions

July 15, 2025
Speaker Bagbin wants constitution amended to allow chiefs engage in active politics

Speaker Bagbin wants constitution amended to allow chiefs engage in active politics

July 1, 2024
SHS Students To Receive Free Tablets By April – Adutwum

SHS Students To Receive Free Tablets By April – Adutwum

February 14, 2024
Police Arrest TikToker ‘Duabo King’ Over False Claims About Kumasi Officers

Police Arrest TikToker ‘Duabo King’ Over False Claims About Kumasi Officers

March 2, 2026

About Fish FM Online

Fish FM Online is a Private News Portal based in Boamang Afigya Kwabre North Ghana.

Fish FM Online is Ghana’s leading news website that delivers high quality innovative, alternative news that challenges the status quo.

Follow us

Categories

  • Accident
  • Accountability
  • Africa
  • Agriculture
  • Aviation
  • BBC
  • Business
  • Chieftaincy
  • Coruption
  • Crime
  • Cultural
  • Culture
  • Deforestation
  • Disaster
  • Economy
  • Education
  • Employment
  • Energy
  • Entertainment
  • Environment
  • Exchange Rate
  • Fish TV
  • Food
  • Galamsey
  • General News
  • Health
  • Infrastructure
  • Land degradation
  • Legal
  • Lifestyle
  • Media
  • Morality
  • National
  • Natural resource
  • Natural resources
  • Opinion
  • Politics
  • Regional
  • Religion
  • Revenue
  • Road and Highway
  • Sanitation
  • Security
  • Sports
  • Tech
  • Technology
  • Top Story
  • Transport
  • Uncategorized
  • Utility
  • World

Recent Posts

  • Ivory Coast sees strong exports of cocoa main crop as El Nino looms over output
  • Fidelity Bank rewards customer with GH¢10,000 for returning GH¢4,000 found at ATM
  • “A lapse at the House of Records?” – Edem Senanu raises doubts over LGBTQ+ bill process
  • Sheikh Shaibu warns NDC, NPP: Don’t turn anti-LGBTQ+ bill into political football
  • Contact Us
  • Advertise with Us
  • Live TV & Radio

All Rights Reserved © 2023 Fish Fm Online Powered by Code Arthur.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Entertainment
  • Sports
  • Tech
  • Africa
  • World
  • Health
  • Fish Fm Online
  • Live TV & Radio

All Rights Reserved © 2023 Fish Fm Online Powered by Code Arthur.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In