Ghana Legalizes Medical and Industrial Cannabis
The Parliament of Ghana has legalized the cultivation of cannabis for therapeutic and industrial use. The legislation, passed on December 14, grants the Minister of the Interior the power to issue licenses, marking a transformative era for cannabis in the country.
« This could not have happened at a more opportune time and will be an extremely important industry to set up. It’s a game-changer industry », said Nana Agyemang, CEO of the HEMPIRE ASSOCIATION OF GHANA.
The adoption of this law is a strategic choice for Ghana, grappling with an economic crisis. Developing a therapeutic cannabis industry could help the country revive its economy and, more importantly, create numerous jobs.
« We want to encourage the government to involve the private sector, especially local companies with the necessary expertise, to help address the challenges the sector faced in other parts of the world » explained Godfried Abogye, President of the INT’L CANNABIS COMPANY.
The licenses cover all activities related to cannabis, including cultivation, processing, distribution, sales, import, and export.
Experts argue that if the cannabis industry is properly managed and regulated throughout the value chain, Ghana’s economic challenges could be addressed, as cannabis has the potential to thrive in all regions of the country.
Ghana is now joining several other African countries that have already invested in legal cannabis. Lesotho was the pioneer on the continent, venturing into this industry as early as 2017.
The legal cannabis market in Africa is expected to reach €58 billion by 2028.
