business

Beyond Bananas: How Golden Exotics holds a blueprint for Ghana’s agricultural transformation

Beyond Bananas: How Golden Exotics holds a blueprint for Ghana’s agricultural transformation

At the centre of this development is Golden Exotics Limited, which has established an extensive commercial banana plantation around Kasunya and Asutsuare in the Shai-Osudoku District of the Greater Accra Region. Speaking to Host of Foodchain on Joynews, Jessie Eyram Agbakpo, President of the Federation of Associations of Ghanaian Exporters Davis Korboe said Ghana has the needed systems and technical know-how to establish large scale farms of this nature to feed its people.

Ghana's banana industry is demonstrating the potential of large-scale irrigation and private-sector investment to transform agricultural production, create jobs and strengthen the country's non-traditional export sector.

At the centre of this development is Golden Exotics Limited, which has established an extensive commercial banana plantation around Kasunya and Asutsuare in the Shai-Osudoku District of the Greater Accra Region.

Operating on more than 2,000 hectares of land, the company has developed a year-round production system that relies on irrigation from the Volta River to overcome the area's limited rainfall.

The plantation employs about 4,000 direct workers and supplies bananas to both domestic and international markets, particularly Europe, making it Ghana's leading banana exporter.

The company's operations offer an example of how irrigation infrastructure, modern farming techniques and sustained agricultural investment can unlock the productive potential of areas traditionally considered less suitable for commercial farming.

Unlike conventional farming systems that depend heavily on seasonal rainfall, Golden Exotics has developed an irrigation network that draws water from the Volta River and distributes it across the plantation through canals and pumping infrastructure.

This allows the company to maintain continuous production, with dedicated systems for cultivation, crop protection, irrigation and monitoring throughout the growing cycle.

The operation also demonstrates the economic opportunities available in transforming agriculture from predominantly small-scale seasonal production into a commercially organised industry.

Beyond export earnings, the plantation contributes to employment creation and economic activity in surrounding communities, providing livelihoods for thousands of workers.

Could Ghana replicate the model elsewhere?

But perhaps the bigger question arising from Golden Exotics' success is whether Ghana can replicate this model in other parts of the country, using irrigation and commercial-scale investments to expand the production of other food commodities.

Ghana has considerable agricultural potential across its different ecological zones, with opportunities for large-scale cultivation of rice, maize, vegetables, soya, cassava, cashew and other crops.

Areas in the Northern, Upper East and Upper West regions, for instance, could benefit from investments in irrigation systems to support year-round rice, maize, soya and vegetable production. Similar opportunities exist in other parts of the country for commercial cultivation of cassava, fruits and other crops suited to their local conditions.

Replicating the Golden Exotics model would require more than making land available for cultivation. It would involve strategic investment in irrigation infrastructure, modern farming equipment, improved seedlings, storage facilities, processing plants and reliable market access.

Such an approach could help reduce Ghana's dependence on seasonal rainfall, which continues to expose farmers to production losses and uncertainty during periods of prolonged dry weather.

Speaking to Host of Foodchain on Joynews, Jessie Eyram Agbakpo, President of the Federation of Associations of Ghanaian Exporters Davis Korboe said Ghana has the needed systems and technical know-how to establish large scale farms of this nature to feed its people.

“If we create a replica of this in the 16 regions, it will be impactful but you need a lot of funding to do this in the 16 regions in the country. We have engineers all over, when you go to the Ghana Irrigation Authority, there are people with the technical knowledge to execute this”, he said.

More importantly, expanding irrigation-based commercial farming could help address persistent gaps in domestic food production and reduce the country's reliance on imported food commodities.

With more consistent production throughout the year, Ghana could strengthen its domestic food supply, improve the availability of essential food items and reduce some of the seasonal fluctuations in agricultural output that affect market prices.

The employment potential is another important consideration.

Golden Exotics currently provides direct employment for about 4,000 people. A wider adoption of similar commercial farming models across different agricultural zones could create thousands of additional jobs, not only on farms but also in transportation, packaging, processing, storage, distribution and export services.

This could open up opportunities for young people in rural communities, while stimulating economic activity in areas where employment opportunities are often limited.

The model could also strengthen Ghana's non-traditional export sector by creating opportunities to produce more agricultural commodities for international markets.

With the right investments in quality standards, post-harvest management, certification and market development, Ghana could increase its exports of horticultural products and other agricultural commodities, generating additional foreign exchange.

This would support the country's broader efforts to diversify its economy beyond traditional exports such as gold, cocoa and crude oil.

Balancing commercial production with sustainability

However, the scale of commercial production also raises questions about environmental sustainability.

Golden Exotics has incorporated measures covering soil management, waste management and biodiversity conservation into its operations, as it seeks to balance large-scale agricultural production with environmental responsibility.

Any attempt to replicate the model would also require careful consideration of water availability, environmental protection, land use and the needs of surrounding communities.

As Ghana intensifies efforts to improve food security, create jobs and expand non-traditional exports, Golden Exotics offers an example of what sustained investment in commercial agriculture can achieve.

If successfully replicated, irrigation-led commercial farming could help move Ghanaian agriculture beyond seasonal production, strengthen domestic food supply, support agro-industrial development and create new sources of employment and export revenue.

For Ghana, the challenge is no longer just about demonstrating that large-scale agriculture can work. It is about creating the conditions to make similar successes possible across the country.

  • ghana
  • golden
  • exotics
  • irrigation
  • production
  • scale
  • investment
  • country

Summaries and tags are generated automatically. Stay informed with VidiaNews.

Related news

2027 Budget: How Mahama plans to turn Ghana’s fortunes with $10bn ‘New Economy’ plan
business

2027 Budget: How Mahama plans to turn Ghana’s fortunes with $10bn ‘New Economy’ plan

Ghana’s next phase of economic management is expected to place greater emphasis on what the economy produces, how much it processes locally and the jobs its industries can create, as the government prepares to roll out a US$10 billion investment programme over four years. It is expected to feature prominently in the 2027 Budget, which Finance Minister Dr Cassiel Ato Forson is scheduled to present to Parliament on Thursday, November 12.

Read →
Ghana’s black gold and the quest for value
business

Ghana’s black gold and the quest for value

The modern era of Ghana’s petroleum industry began with the establishment of the Ghana National Petroleum Corporation (GNPC) in 1983 under the Ghana National Petroleum Corporation Act (PNDCL 64). Operations are strictly corporate endeavours, subject to a Petroleum Agreement (PA) with the Republic of Ghana and the GNPC.

Read →
VRA calls for sustained investment in energy infrastructure to drive industrialisation
business

VRA calls for sustained investment in energy infrastructure to drive industrialisation

The Chief Executive Officer of the Volta River Authority (VRA), Edward Obeng Kenzo, is calling for sustained investment in Ghana’s energy infrastructure to ensure reliable, affordable and sustainable electricity supply to support industrialisation and long-term economic growth. Speaking on the second day of the 15th Ghana Economic Forum, organised by the Business and Financial Times, Mr Obeng Kenzo said Ghana must strengthen its energy systems to keep pace with changing economic demands and emerging technologies.

Read →
Ghana’s capital market has money, but lacks investment-ready projects – GSE MD
business

Ghana’s capital market has money, but lacks investment-ready projects – GSE MD

Managing Director of the Ghana Stock Exchange (GSE), Abena Amoah, says Ghana’s capital market has sufficient funds to support businesses and major infrastructure projects but lacks a strong pipeline of investment-ready opportunities. Speaking at the Ghana Economic Forum organised by the Business and Financial Times (B&FT), she said the challenge facing the market is not necessarily a shortage of capital but the limited supply of credible projects that investors can finance.

Read →
Ghana’s economic stability is real but not yet self-sustaining – IMF
business

Ghana’s economic stability is real but not yet self-sustaining – IMF

The International Monetary Fund (IMF) Resident Representative for Ghana, Dr. Adrian Alter, says Ghana’s recent economic stability is real but not yet self-sustaining, warning that maintaining the gains will be critical to attracting long-term investment. Speaking at the Ghana Economic Forum organised by the Business and Financial Times (B&FT), he said the country must demonstrate that its improving economic conditions can be sustained over the next five to ten years to build investor confidence.

Read →
Partnerships key to unlocking Ghana’s mineral wealth – MIIF CEO
business

Partnerships key to unlocking Ghana’s mineral wealth – MIIF CEO

The Chief Executive Officer of the Minerals Income Investment Fund (MIIF), Justina Nelson, has stated that deeper partnerships with international investors are key to unlocking Ghana’s mineral potential and driving greater value addition in the mining sector. Mrs Nelson’s engagement at the conference forms part of MIIF’s broader efforts to promote Ghana as an investment destination and position its mineral resources as a catalyst for industrialisation, job creation and sustainable economic growth.

Read →