President Akufo-Addo has announced that as part of the 'Ghana Cares Obaatanpa' programme, government is creating an agricultural land information bank that will enable landowners make lands they intend to lease, available to investors.
He said this is to address challenges associated with land searches for farming and other investment purposes, as well as reduce related costs.
He made this known at the 2021 National Farmers' Day celebration which was marked on December 3, 2021, in Cape Coast. This year's celebration is under the theme, “Planting for food and jobs – Consolidating food systems in Ghana.”
"Government is aware that investors continue to face challenges with respect to accessing agricultural land due to the unfortunate multiple land tenure arrangements and the absence of satisfactory documentation on land titles.
"As part of the Ghana Cares Obaatanpa programme, the government is creating an agricultural land information bank which will enable landowners to put forward lands they intend to lease to investors," he said.
President Akufo-Addo announced that a framework for subsidy on loans granted to agribusinesses is in the offing.
"A framework is being developed to provide a 50% interest rate subsidy for loans advanced to qualified agribusiness by financial institutions. This will be extended to qualified farmers to expand poultry production operations for hatchery and processing plants."
The target, according to the President, is to support the farmers with affordable financing to produce 5million broiler birds equivalent to 10,000 metric tonnes of meat by the end of this month of December.
Latest Stories
-
‘Daughter of a murderer’ comment: Majority pushes for NPP backbenchers to face Privileges Committee
6 minutes -
Buoho residents want quarry activities streamlined to ease exposure to risk
8 minutes -
Unemployed teachers call for employment to address staff shortage
11 minutes -
Suspended Chief Justice has right to choose trial venue – Ansa-Asare
20 minutes -
Big Chef Junior S4: Kitchen heats up as contestants take on Indomie challenge
36 minutes -
Wontumi picked up by EOCO on his way from CID interrogation
45 minutes -
Photos: Mahama attends AfDB annual meetings in Côte d’Ivoire
49 minutes -
‘Haul the Finance Minister’ – Minority Chief Whip fumes over unpaid state funds
55 minutes -
CJ removal saga: Let’s end ‘this whole controversy’ – Dr. Ansa-Asare
57 minutes -
Top 20 finalists announced for 7th Africa Youth in Tourism Innovation Summit & Challenge
1 hour -
Christ the King youth lead blood donation campaign
1 hour -
E Vibes to host Nkyinkyim on musical band series
1 hour -
Importers and Exporters Association urges Ghana Gold Board to sustain efforts in strengthening the cedi
1 hour -
Trump administration moves to cancel all remaining federal contracts with Harvard
1 hour -
KMA cracks down on drivers failing to reduce transport fares
1 hour