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
Agboola advocates stronger cross-border infrastructure
Flutterwave CEO and Founder, Olugbenga “GB” Agboola , has called for accelerated investment in Africa’s cross-border payment infrastructure…
ByMunga increases stake in Equity Group by over $1.2m
Equity Group founder, Peter Munga, has made a strong return to the lender’s shareholder register, purchasing 3.64 million…
Nigerian Breweries gains N383bn revenue in Q1 2025
Nigerian Breweries Plc (NB) has posted a strong financial turnaround, recording a 69 per cent increase in net…
IHS Brazil expands Amazon coffee initiative
IHS Brazil has planted approximately 20,000 new seedlings across 10 hectares as part of its ongoing support for…
Gallery
