The Vice President, Prof. Naana Jane Opoku-Agyemang has called for large-scale investment across the rice value chain to transform agriculture, strengthen food security, and drive economic growth across West Africa.

Speaking on behalf of President John Mahama at the opening of the two-day West Africa Rice Investment Roundtable in Accra, on June 2, 2026, the Vice President said the gathering is not only about rice production but also about economic transformation, regional integration, and Africa’s ability to feed itself sustainably.

She noted that food security extends beyond agriculture and is closely linked to macroeconomic stability, social protection, national security, and geopolitical resilience.

“The disruptions of recent years, including climate shocks, export restrictions, trade tariffs, and geopolitical tensions, have exposed the fragility of global food systems,” she said. “Countries that import too much food also import vulnerability.”

Prof. Opoku-Agyemang highlighted West Africa’s vast agricultural potential, citing its fertile land, abundant water resources, entrepreneurial farmers, growing consumer markets, and youthful population. Despite these advantages, she observed that Africa continues to spend billions of dollars annually on food imports, including rice, while demand continues to rise.

According to her, the region’s challenge is not merely increasing rice production but mobilising the capital required to transform agriculture from subsistence farming into a modern commercial sector supported by integrated value chains.

“West Africa must see rice as a strategic economic asset,” she said, stressing that investment in the sector could create jobs, boost industrialisation, and strengthen economies against future global shocks.

The Vice President said Ghana’s Agriculture for Economic Transformation Agenda, which forms part of the government’s broader economic recovery programme, is focused on building integrated agricultural value chains and linking production to processing, logistics, exports, and agro-industrial development.

She noted that Ghana’s improving macroeconomic environment is helping to lay the foundation for agricultural transformation and attracting long-term investment.

Prof. Opoku-Agyemang emphasised that unlocking West Africa’s rice potential would require “transformational capital” that is patient, competitive, infrastructure-driven, and capable of strengthening entire agricultural systems.

She called for investments in irrigation, agro-processing, research, climate-smart agriculture, and other critical areas that would support sustainable production and value addition.

“Put simply, this means financing agriculture as an industry,” she said.

The Vice President further underscored the importance of partnerships among governments, private sector players, development finance institutions, sovereign wealth funds, pension funds, commercial banks, and institutional investors to drive agricultural transformation.

She also stressed the need for climate-conscious investments, warning that climate variability continues to affect rainfall patterns, productivity, and food systems across the Sahel and coastal West Africa.

“Africa’s agricultural future should be viewed not only through the lens of vulnerability but also through the lens of growth,” she stated, describing the sector as one of the continent’s greatest opportunities for investment, industrial development, and export expansion.

The Vice President said the changing global food economy presents an opportunity for Africa to position itself as a major production hub as demand grows and food resilience becomes increasingly strategic.

She urged West African countries to pursue ambitious agricultural development strategies similar to nations that successfully transformed from food-deficit economies into industrial powers.

Reaffirming Ghana’s commitment to the regional agenda, she said the country would continue to strengthen policy coordination, improve infrastructure, deepen regional cooperation, and create an enabling environment for long-term investment across the rice value chain.

She called for stronger partnerships to ensure Africa’s food future is secured through local production and sustainable investment.

“The future of African food security must be grown in African soil, financed by beneficial partnerships, powered by African enterprise, and sustained through our collective commitment,” she said.

The West Africa Rice Investment Roundtable brings together policymakers, development partners, investors, agribusiness leaders, and other stakeholders to explore opportunities for investment and collaboration aimed at boosting rice production and food security across the region.