The Minister of Finance, Dr Cassiel Ato Forson, says a US$22.6 million World Bank support package will help strengthen Ghana’s food systems and address long-standing challenges that have constrained growth in the agricultural sector.
The funding forms part of the West Africa Food System Resilience Project (FSRP), a regional initiative being implemented by the Government of Ghana with support from the World Bank to improve agricultural productivity and climate resilience.
Dr Forson made this known during a working visit to selected agricultural sites, including Golden Exotics Limited, a major banana producer and exporter, as well as rice farms at Kpong and Asutsuare in the Eastern and Greater Accra regions.
He explained that the project will prioritise digital climate and weather advisory services for farmers, enabling them to make informed decisions, while also supporting increased production of critical food commodities such as maize, rice, soybean, tomato and poultry.
According to the Finance Minister, the intervention is expected to help stabilise food supply, improve farmer incomes and reduce the sector’s vulnerability to climate-related shocks.
“Let me thank the World Bank for the assistance and for allocating this loan facility to the Government of Ghana to enable us to develop our agriculture sector. This is a sector that has struggled over the years, and this support will go a long way,” Forson said.
The World Bank has reaffirmed its commitment to supporting Ghana’s agricultural transformation, describing the sector as central to economic growth and job creation.
World Bank Division Director for Ghana, Liberia and Sierra Leone, Robert Taliercio, noted that agriculture remains a key contributor to Gross Domestic Product (GDP) and employment, but continues to face persistent infrastructure constraints.
“Agriculture is a very important sector for Ghana. Infrastructure remains a recurring challenge, and despite existing constraints, the World Bank remains committed to supporting Ghana, particularly in addressing these infrastructure gaps,” Taliercio said.
The FSRP is expected to contribute to improved food security outcomes and strengthen Ghana’s capacity to respond to climate and market shocks affecting the agriculture value chain.
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