• Home
  • Business
  • Expert says Ghana needs $40 million to fill gaps in its agricultural sector and enhance its growth
Image

Expert says Ghana needs $40 million to fill gaps in its agricultural sector and enhance its growth

Ghana needs $40 million to fill some gaps in its agricultural sector and further moves it forward, according to Dr Ade Freeman, the African Regional Programme Leader of Food and Agricultural Organisation (FAO).

Mr Freeman announced that the sector has many gaps that need to be filled and therefore the need for the $40 million.

He stated further that there was a deficit in the sector and until the amount he mentioned was amassed the sector would continue to lag behind.

The stakeholders’ engagement was organised by the Food and Agriculture Organisation (FAO), a UN agency, in collaboration with the Ministry of Food and Agriculture (MOFA) and it is expected to come up with a policy document to guide the sector.

The government of Ghana as well as development partners according to Mr Freeman were not in the position to provide the stated amount.

Mr Freeman has hence called on donors to invest in the sector and has as well the appealed to the Agricultural Development Bank to invest in the area and figure out how to leverage financing resources to power the sector.

Related Posts

Microsoft South Africa hires Vukani Mngxati as New CEO

Microsoft has appointed Vukani Mngxati as the new Chief Executive Officer of Microsoft South Africa The announcement underscores…

Mastercard Foundation appoints Sewit Ahderom as next President & CEO

The Mastercard Foundation has appointed Sewit Ahderom as its next President and CEO, succeeding Reeta Roy, who will…

Puma Energy opens first Hybrid CNG station in Tanzania

Puma Energy has marked a significant milestone in Tanzania’s energy sector with the official opening of its first…

Tanzania:CRDB Bank, GIZ launch Sh3bn Fund for entrepreneurs

The CRDB Bank Foundation (CBF), in collaboration with the German development agency GIZ, unveiled a transformative Sh3 billion…

Leave a Reply

Your email address will not be published. Required fields are marked *