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World Bank Supports Ghana With $50m …To Transform Agriculture

botchway June 5, 2018

The World Bank has approved a $50 million International Development Association (IDA) credit to support the Government of Ghana in building a strong foundation for high, inclusive and sustainable growth in agriculture, a key sector which supports the livelihoods of most people.

This additional financing for the Ghana Commercial Agriculture Project (GCAP) will increase the area under irrigation by about 8,000 hectares, including providing an additional 1,500 hectares of new land under irrigation.

This financing will directly benefit over 14,000 farm families and agribusinesses, particularly in the Northern Development Authority area (Northern Region, Upper East and Upper West regions) and the Accra plains. 

“The additional financing will also help the government achieve its objectives under the Planting for Food and Jobs Campaign, by supporting commercial seed production, and this is in line with Ghana’s agricultural commercialisation and modernisation agenda,” said World Bank Director for Ghana Henry K.G. Kerali

The rehabilitation and modernisation of the irrigation schemes will help the country produce more than one crop per season.

The rehabilitated schemes, when utilised to maximum capacity, will help Ghana improve its domestic food production, particularly, in rice, thereby contributing to reducing the country’s reliance on rice imports.

The closing date of the project is now extended to December 31, 2020. “This is meant to ensure full completion of the rehabilitation of the selected big irrigation schemes,” said Marianne Grosclaude, World Bank Manager for Agriculture Global Practice for West Africa.

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