Vice President Dr Mahamudu Bawumia has indicated, Gov’t of Ghana is to establish a GHs 400 million fund toward agriculture financing and crop insurance schemes.
The Nana Akufo-Addo government also aims to continue the development of agri-business start-ups through grants and provide specific technical assistance and tax incentives to support agro-processing, packaging, and market access to provide an increase to Ghana’s agriculture sector.
As well, government intends to eliminate duties on some agricultural produce processing equipment and machinery, launch a pension fund for cocoa farmers, develop modern storage facilities through the “One-District, One Warehouse” program and open up key food basket zones through road construction and irrigation projects.
Vice President Dr Mahamudu Bawumia said while speaking at the opening ceremony of an 8-day agricultural show leading up to the 33rd National Farmers’ Day, these measures, which are contained in the 2018 budget, form part of the Akufo-Addo government’s program to make agriculture and agri-business a major part of Ghana’s economy and provide jobs for the youth.
NPP Chairman, His Excellency Nana Addo Dankwa Akufo-Addo has a vision to modernize and transform agriculture to increase the opportunities for job creation, and to provide the basis for agro-processing industries. The vision is the outcome of careful assessment of the fundamental capacity of the Ghanaian economy and in line with our economic history.
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