Cultivating 2,000 acres of Industrial Hemp could generate a return of $30million per harvest to the Government. -Hempire Agric Ghana Ltd.

Hempire Agric Ghana Ltd. in a press release has stated that, the Government of Ghana could be earning $30million per harvest from 2,000 acres of Industrial Hemp cultivation.

According to HAG, this could be a relieve to government in relation to the tax related issues generated by the 2022 budget.

The Narcotics Control Commission Act (1019) was passed in March 2020. For this Act to be effective it must be accompanied by a Legislative Instrument.

The Legislative Instrument is yet to see the day of light, the press release acknowledged.

Nana Kwaku Agyemang, the CEO of Hempire Agric Ghana said, “The delay prevents illegitimate farmers from making the transition to legality through the cultivation of cannabis (industrial hemp)…”

The press release further stated that, “Parliament, Government Agencies and the system has equally been very slow to recognizing the environment, economic and medicinal benefits of cannabis…”

Nana Kwaku Agyemang also mentioned that, the coming into force of the Legislative Instrument will provide thousands of people with direct and indirect employment.

Read the press release below

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