Gov’t to invest $500 million into mechanisation of Agric in Ghana

Gov’t to invest $500 million into mechanisation of Agric in Ghana

The minister of food and agriculture, Dr. Owusu Afriyie Akoto, has disclosed plans of the government to invest $500 million into the mechanisation of agriculture in Ghana.

His announcement follows a meeting held with the former prime minister of the United Kingdom (UK), Tony Blair.

Dr. Akoto explained that the National Democratic Congress (NDC), over the last eight years of its tenure, destroyed all 167 farm mechanization centres bequeathed to it by the erstwhile President John Agyekum Kufuor’s administration.

A man wearing a suit

Dr. Owusu Afriyie Akoto, Agric minister Source: primenewsghana.com
Source: UGC

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He added that the government has entered into an agreement with Brazil, and was taking delivery of the three tranches of machinery for the agricultural sector.

The three tranches, he said, is worth about $99 million, and that in the next 10 days, the Indian Eximbank would be signing a $150 million agric mechanization scheme for Ghana.

According to Peacefmonline,com, he also noted that there was additional support expected from Czech Republic, all of which he said would amount to about half a billion dollars.

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Source: Yen

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