Audio By Carbonatix
Government and the African Development Fund (ADF) have on Thursday signed a loan agreement to support the Planting for Food and Jobs (PFJ) programme.
Ken Ofori-Atta, the Minister for Finance, signed on behalf of government whilst Dr Yero H. J. Baldeh, the Ghana Country Manager of the Bank signed its behalf.
The loan is a concessionary facility of UA27.86 million ($39.01 million) from the ADF to finance the Savannah Zone Agricultural Productivity Improvement Project (SAPIP).
The Project will be implemented over a five year period commencing in 2018 and completing in 2022.
The development objective of the Project is to transform agricultural value chains for food and nutrition security, job creation within the Savannah Zone.
The specific objectives are to increase farmers’ food and nutrition security, increase incomes through increased agricultural productivity and diversification and enhance the creation and strengthening of agribusinesses to increase incomes of actors along selected value chains in a sustainable basis
The Project has four main components namely; Crop Productivity Improvement Component, Value Chain and Agribusinesses Development Component, Infrastructure Development Component, Project Coordination, Management and M & E Component
It is expected to directly benefit about 50,000 economically active smallholders living in the savannah zone. It will also contribute to the input support programme of the Ministry of the Food and Agriculture reaching about 250,000.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Kumasi schools face dangerous air pollution – Researcher warns
29 minutes -
Veep hails private medical schools’ role in strengthening Ghana’s healthcare
36 minutes -
Reset the system, not tariffs – FABAG demands full audit before any increases
47 minutes -
Former Liverpool co-owner Hicks dies aged 79
59 minutes -
Hojlund scores twice as Napoli beat Juventus to go top
1 hour -
Spurs investigate Yves Bissouma nitrous oxide claim
1 hour -
Pressure increases on Alonso as Celta Vigo beat 9-man Real Madrid
1 hour -
Canadian airline to start cancelling flights ahead of planned strike
2 hours -
Death of Venezuelan opposition figure in custody ‘vile’, US says
2 hours -
Trump says $72bn Netflix-Warner Bros deal ‘could be a problem’
2 hours -
Nigerian gov’t secures release of 100 kidnapped schoolchildren, Channels TV says
2 hours -
Shooting at South African bar leaves 11 dead, including a young child, police say
2 hours -
Bobi Wine says Uganda security forces beat him
3 hours -
Trump criticises Democrat he pardoned over not switching political parties
3 hours -
Nigeria seeks French help to combat insecurity, Macron says
3 hours
