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Gov’t to establish GHC400m crop insurance scheme

Vice President Dr Mahamudu Bawumia/Ghanalive.tv

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.

The post Gov’t to establish GHC400m crop insurance scheme appeared first on Ghana Live TV.



This post first appeared on Watch Gtv Ghana, Adom TV, Tune Ghana Radio GhanaLi, please read the originial post: here

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Gov’t to establish GHC400m crop insurance scheme

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