Finance Minister, Ken Ofori-Atta, expresses confidence in the nation achieving food self-sufficiency by next year, citing strategic measures taken by the government already.
After touring the Agrifest exhibition, a five-day showcase of agriculture and food innovations, Mr Ofori-Atta applauds Ghanaians' commitment to supporting the government's agenda for food sufficiency.
Highlighting the government's focus, he said government aims to boost the agricultural sector's growth from 6.3% last year to end imports, saving approximately "US$2 billion worth of food in poultry, rice, etc."
In a bold move, the Ministry of Finance allocates GHc1 billion in the 2024 budget, with an additional GHc2 billion expected from the Development Bank of Ghana to bolster the agricultural sector.
Through the Domestic Debt Exchange Program (DDEP), the government injects GHc10 billion into commercial banks to ensure robust financial support for agriculture.
Revolutionizing Ghana's Rice Sub-Sector
Commending the Asian African Consortium (AAC) at Agrifest, Mr. Ofori Atta praises the company's efforts in transforming Ghana's rice sub-sector. AAC provides crucial technical and machinery support to smallholder farmers, addressing financial constraints.
Adelaide Siaw Agyepong, CEO of AAC, underscores the significance of their machinery in pre-farming activities, emphasizing its role in land development, crop enhancement, and irrigation.
The equipment, part of a collaboration with the Yama group of companies, aims to make Ghana's agricultural sector competitive and sustainable.
National Farmers’ Day Celebration Unveils Agrifest Ghana 2023
As part of the 39th National Farmers’ Day celebration, the Ministry of Food and Agriculture launches Agrifest Ghana 2023, a five-day agricultural fair showcasing diverse food items and crops from different regions.
The event, initiated under the second phase of the Planting for Food and Jobs program, aims to raise awareness about various food items, their sources, and appreciates the dedicated farmers contributing to the nation's agricultural success.
Latest Stories
-
Change on the horizon: Restoring hope and building the Ghana we want
6 mins -
Election 2024: Walewale Chief praises Alan Kyerematen’s competence and humility
15 mins -
Martin Amidu condemns government’s ‘cynical’ ministerial reshuffle amid Bawku crisis
16 mins -
Video: K.T. Hammond flares up after Speaker adjourns Parliament again
16 mins -
Make sure you stick to the rules when applying for a UK visa – High Commissioner
18 mins -
Parliament deadlock could affect public sector salaries – Nyarko Osei Warns
21 mins -
AFCON 2025Q: Otto Addo explains Partey’s exclusion
23 mins -
Bawku conflict: Amidu questions government’s security reshuffle and implications for 2024 elections
27 mins -
Free SHS Policy: ANFOESEC appeals for infrastructure to contain numbers
32 mins -
When does Trump become US president again?
34 mins -
Was Bawku conflict of Oct. 2024 the result of government indolence for purposes of elections?
39 mins -
67,000 UK visas granted in 2023 – British High Commissioner
44 mins -
Nico was right to reject Barca – Inaki Williams
1 hour -
Abena Dokua Educational Foundation raises $30,000 to support Ghanaian students
1 hour -
Recall of Parliament: Ato Forson urges Ghanaians to sanction NPP MPs for causing financial loss
1 hour