Ghana’s Economic Resilience Strengthens as Ecobank, NAFCO, and DBG Report Strong 2025 Growth and Strategic Shifts

Andy Osei Okrah urges digital finance for Ghana's oil palm sector

Dr. Andy Osei Okrah, CEO of the Tree Crops Development Authority (TCDA), has called for the establishment of a comprehensive and inclusive digital financial ecosystem to drive the transformation of Ghana’s oil palm industry. Speaking at a workshop in Accra on October 7, 2026, Dr. Okrah highlighted the critical role that digital tools must play in moving the sector beyond simple cashless transactions to more sophisticated financial services that address the unique needs of producers. He argued that the modernization of the industry is dependent on integrating farmers into a broader digital network. According to the TCDA CEO, true digitalization in the oil palm value chain must provide farmers with seamless access to essential services such as credit, savings, and insurance. He noted that while the government is planning a US$500 million finance facility intended to stimulate domestic production and generate employment, the success of such initiatives depends heavily on the robustness of digital infrastructure. Dr. Okrah emphasized that digital solutions must specifically address existing gaps in connectivity and service accessibility to ensure that financial support reaches those who need it most. Supporting this vision, Paul Amaning, President of the Oil Palm Development Association of Ghana (OPDAG), stressed the importance of financial inclusion for the industry’s most vulnerable stakeholders. He pointed out that smallholder farmers and women, who form a significant portion of the oil palm workforce, often face the greatest barriers to formal finance. Mr. Amaning argued that leveraging digital platforms would allow these groups to better contribute to the nation's economic growth and capitalize on the industry's potential for job creation. The TCDA and industry leaders concluded that a collaborative approach between the government, financial institutions, and technology providers is necessary to bridge the digital divide. By prioritizing inclusive digital finance, the Authority aims to create a more resilient oil palm sector that can compete globally while improving the livelihoods of local producers. The proposed digital ecosystem is expected to serve as a backbone for future investments and sustainable growth within the tree crop sub-sector.