History shows that investments in agriculture can be a catalytic force in the fight against hunger, poverty and malnutrition and a well-performing farm economy can be an instrument for achieving sustained structural economic transformation. Agricultural growth was the precursor to industrial growth in Europe and, more recently through the Green Revolution, in large parts of Asia and Latin America. The Green Revolution bypassed Africa.
When I was elected President of the Republic of Ghana in 2000, agriculture was a mainstay of the nation’s economy, accounting for 35% of its GDP, 55% of employment and 75% of export revenues. But it was a lagging, orphan sector, suffering from decades of neglect and lack of investment. Ghana’s agriculture had sadly changed little from the kind practiced generations ago. Farmers were still eking out a living, tilling the land by hand, much like their ancestors.