Nicolas Jørgensen Gebara, Executive Director of EuroCham Ghana, has underscored the strategic opportunities and challenges for agribusiness investment in Ghana during the EU–Ghana Agribusiness Growth Dialogues 2026 webinar on “Boosting Productivity of Agribusinesses Through Innovation and Investment Promotion.”
Addressing participants, Gebara emphasized that while Ghana possesses a “good resource base,” much of it remains underexploited. He highlighted the potential for partnerships with European companies, whether for the local market or for export to the European Union, noting that these collaborations could support both industrial growth and skills transfer.
According to Gebara, investors prioritize “predictability” in policy and regulatory frameworks. Frequent changes in regulations can create uncertainty, particularly regarding taxation and agribusiness policies, making a stable and transparent legal environment essential. He also called for the prompt passage of the GIPA bill, describing it as a “main pillar” for investor decision-making in the sector.
Risk mitigation was another key consideration, with Gebara pointing to ongoing efforts to maintain macroeconomic stability. Measures to stabilize the currency and control inflation, he noted, signal to investors that Ghana is addressing fundamental economic risks. Drawing on his experience from Denmark, he emphasized that agriculture can serve as a foundation for broader industrialization and eventual development of the service sector.
Market access, both domestic and regional, is equally critical. Gebara pointed to the potential of the ECOWAS market and opportunities to source and process goods from neighboring countries like Burkina Faso for export. He cited the AAK MOU, which involves a $90 million investment in the shea butter industry, as an example of initiatives that are boosting employment, increasing agricultural output, and facilitating exports to Europe.
Investor confidence also hinges on the stability of contractual arrangements with farmers, he noted, acknowledging that ensuring reliable agreements remains a challenge in Ghana. Environmental considerations, including droughts and threats such as the Galamsey, further factor into investment decisions, particularly for companies exporting to Europe, where traceability and safety standards are rigorously monitored.
Gebara concluded that agribusiness investment in Ghana depends on a combination of resource utilization, regulatory predictability, macroeconomic stability, market access, and robust supply chain management, emphasizing that these elements are critical to attracting and sustaining foreign investment in the sector.
