The Ministry of Food and Agriculture (MoFA) in Ghana has announced its support for the establishment of a fertilizer factory in collaboration with Qatari manufacturing firm Al Jedad Holdings Limited and Glofert. This partnership aims to bolster the agricultural value chain in Ghana, provide a solution to exchange rate volatility, and position the country as a fertilizer exporter.
The plant will focus on fertilizer production, reducing Ghana’s reliance on imports and creating a local market for fertilizer use. Minister of Food and Agriculture, Eric Opoku, emphasized the importance of domestic production to mitigate exchange rate fluctuations. He stated, “we import a lot and so the president has directed that we focus on production of some of the things that we can do here in Ghana. It is only through that, that we can sustainably work on the volatility of the exchange rates.”
Funding for the project has already been secured, confirmed by Foster Mawuli Benson, the local partner of Al Jedad Holdings Limited and founder of Granum Agro Limited. He highlighted the potential for job creation, with over 2,000 direct employment opportunities for the Ghanaian youth. The initiative is expected to stimulate related industries and contribute to the growth of Ghana’s economy.
Construction of the fertilizer factory is set to commence in October 2025, with an estimated completion time of 32 months. This development signifies a significant step towards enhancing Ghana’s agricultural sector and reducing dependency on imported fertilizers.
Overall, the collaboration between MoFA, Al Jedad Holdings Limited, and Glofert represents a positive stride towards achieving self-sufficiency in fertilizer production and promoting economic growth in Ghana. The government’s commitment to supporting local industries and creating employment opportunities bodes well for the country’s agricultural sector and overall development.
