General News

African Development Fund approves $27.9m grant for Ghana’s Savannah Agriculture Value Chain Development Project

The Board of Directors of the African Development Fund has approved a $27.9 million grant to Ghana for the development of agricultural value chains in the Savannah Region.

According to the Fund, the grant aligns with African Development Bank’s medium-term development framework for 2022-2025, which seeks to provide conditions for the private sector to boost growth and create abundant employment opportunities, especially for the youth by transforming agriculture and industry.

This is also aligned with the Bank’s priority area, focusing on the development of agro-ecological zones, especially the savannah regions of Africa and creating opportunities for the continent’s youth.

The grant is expected to increase the climate-resilient production of maize, rice and soybean, support the poultry value chain, and generate employment for women and youth.

In addition, the incomes of farmers are also expected to increase. The grant will support household nutrition, especially in more vulnerable women-headed households.

This would be achieved through the facilitation of private sector investment in sustainable value chains associated with commercial maize, soybean and rice production, with an integrated poultry value chain, which will primarily involve women and youth.

The Bank’s Acting Vice-President of its Regional Development, Integration and Business Delivery Complex, Marie-Laure Akin-Olugbade, said building local capacity, would help reduce imports and help Ghana to mitigate the negative impact of Russia’s invasion of Ukraine on global food systems.

She noted this would also alleviate the impact of climate change in line with the Bank’s African Emergency Food Production Facility.

“This builds on the Bank’s earlier investments in the savannah areas of Ghana, putting 20,000 hectares of maize and soybean under production using conservation agriculture practices and technologies. This project has come at a time when Ghana seeks to enhance domestic production and reduce imports. These are the key objectives of the Bank’s Feed Africa Strategy,” said Martin Fregene, the Bank’s Sector Director of Agriculture and Industry.

The Ministry of Food and Agriculture will from 2023 to 2027 implement the Savannah Agriculture Value Chain Development Project which will benefit at least 150,000 people indirectly and 50,000 directly.

It will add to the production of at least 8,000 hectares of new rice, maize and soybean, which will improve feed availability for the poultry industry.

The grant will support farmers with farm inputs to produce climate resilient rice, maize and soybean. It will also support the production of certified seeds by commercial farmers and work closely with the Savannah Agriculture Research Institute, to support smallholder farmers with equipment to improve planting and crop husbandry.

This support will include the enforcement of community by-laws and promote the use of hybrid seeds, good agriculture practices and sound water, climate resilience and adaptation and integrated pest management.

The project will also enhance the capacity of Micro and Small-sized Enterprises (SMEs) and offer skills development for youth and women through sustainable entrepreneurship and mentoring programs, especially in the poultry value chain.

On the approval of the project, Ghana Country Manager of the African Development Bank, Eyerusalem Fasika, said “the approval of this project is a significant addition to the Bank’s active agriculture portfolio in the country with immense potential to contribute to sustainable food systems in Ghana. Furthermore, the project’s approval is an opportune time for the Bank to support the Government in its efforts to produce enough basic commodities to meet food security challenges and support industrialization.”

Source: Ghana News

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button