The Institute for Fiscal Studies has called on the government to include funding in the budget for loans to help young people enter the agricultural sector, regardless of their political affiliation.
The Institute believes that implementing this initiative could boost agricultural production and drive overall economic growth if the Ministry of Finance implements it.
At a recent press briefing on what government should include in the upcoming budget, Dr. Said Boakye, Senior Research Fellow at the Institute, stressed the importance of implementing stringent mechanisms to ensure proper accountability for the loans.
“Massively mobilise the youth for strategic key agricultural products on a team basis by providing them with seed money. But disregard party affiliation if you want to be successful. That’s capital on credit… For this to take place, the government has to facilitate the acquisition of government lands,” Dr. Boakye noted.
Food inflation continues to rise as it recorded 28.3 per cent for January 2025 from 27.8 per cent in December 2024.
However, non-food inflation went down to 19.2 in January.
In addition, inflation for locally produced items also declined to 25.7 per cent in January 2025 compared to 26.4 per cent in December 2024.
Also, inflation for imported items went up marginally in December to 18.4 per cent compared to 17.9 per cent in December 2024.
Alcoholic beverages, tobacco and narcotics recorded inflation of 27.2 per cent.
Food and non-alcoholic beverages also recorded 28.3 per cent, while housing, water, electricity, gas and other foods had, 24.6 per cent.
These divisions recorded higher inflation compared to the national inflation
Source: CitiNews