GHANA RECEIVES 29 MLN USD ADF LOAN FOR PLANTING FOR FOOD AND JOBS PROGRAMME
ACCRA– Ghana and the African Development Fund (ADF) have signed a 39.01 million US dollars loan agreement to support the government’s flagship programme in agriculture, the Planting for Food and Jobs (PFJ) programme.
Finance Minister Ken Ofori-Atta signed the agreement heer Thursday on behalf of the Government of Ghana, while Dr. Yero H. J. Baldeh, the Ghana Country Manager of the African Development Bank (AfDB) signed on behalf of the ADF, the concessional window of the AfDB Group.
A Finance Ministry statement said the loan is a concessionary facility to finance the government’s Savannah Zone Agricultural Productivity Improvement Project (SAPIP) to be implemented over a five-year period, from 2018 to 2022.
The development objective of the project is to transform agricultural value chains for food and nutrition security and 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 enhancing the creation and strengthening of agribusinesses to increase incomes of actors along selected value chains in a sustainable basis.
The four main components of the project are Crop Productivity Improvement Component, Value Chain and Agribusinesses Development Component, Infrastructure Development Component and Project Coordination, Management and Monitoring and Evaluation Component.
The project will directly benefit about 50,000 economically active smallholders living in the savannah zone.
Source: NAM NEWS NETWORK