Ghana to receive US$600m for food security

Bank to roll out Ghana’s Medium Term Agricultural Sector Investment Plan (METASIP).
It will cost the government about US$1,5 billion over the five-year period of the METASIP.

Ahwoi said government had identified four areas that could be developed to enhance food security.
These are the Afram Plains in the Eastern part of Ghana, Accra Plains of the Greater Accra Region, the Savannah Accelerated Development Authority (Sada) of the Northern, Upper East and Upper West Regions of Ghana, and the Volta Basin in the Volta Region.

This follows the board of directors of the World Bank approving funds in the form of budget support for the implementation of the country’s Medium Term Agriculture Sector Investment Plan.

According to Jan Nijhoff, local agricultural economist, over the past few years, the World Bank has been scaling up its support to Ghana’s agricultural sector with strategic investments that ensure the sector contributes to job creation and food security.

The World Bank’s current portfolio in Ghana consists of 31 International Development Association (IDA)-financed projects with a net commitment of approximately US$2 billion. — CAJ News.