India to Boost Ghana’s Agriculture Sector with $150m

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Agriculture is the main driver to lead the economic transformation of every economy, provided farm productivity is harmonized and linked to manufacturing and other sectors of the economy through agro-processing.

To achieve an agriculture driven economic transformation, there must be an improved functioning Market, improved skills, improved Land tenure and supported agro-processing.

It is for this that the government of Ghana has prioritised the creation of jobs and an enabling environment for investors and the teaming unemployed youth in order to curb the high rate of extreme poverty, to enable a Ghana beyond aid.
In the wake of the aforementioned, the Indian High Commissioner to Ghana, Birender Singh Yadav, has disclosed that, the Indian government is willing to commit some $150 million grant to support Ghana’s agriculture mechanization purposes. This was at an India-Ghana Business meeting event, an initiative focused on enriching bilateral relations and trade for mutual growth between Ghana and India in Accra.

This was a pre-event before the media launch of a multi-sector international exhibition meant to gather over 65 companies from India and exhibitors across the globe to patronise the African market and to learn about Ghana’s business opportunities.

According to the high Commissioner, the US$150 million grant forms part of the arrangements to set up an agro-processing company in the country and also foot the bringing in of agricultural equipment from India to Ghana.

He said, the agreement is yet to receive Parliamentary approval, and that, they were ever ready to sign the agreement with Ghana’s government upon Parliament’s approval.

He however explained that both the Ministries of Agriculture and Finance will sign an agreement with the EximBank, to enable it to see to the management of the funds on behalf of the government of Ghana.

On his part, a deputy minister of Communication, George Andah said India has since had a strong relationship with Ghana by supporting the country in areas like; Agriculture, health, energy, transport, education, water and sanitation, supplying equipment and ICT.
He emphasized the need to use our own natural resources to develop our country going forward, in order to achieve a Ghana beyond aid.

The Member of Parliament for the Banda and Deputy Minority Whip of Parliament, Ahmed Ibrahim, underscored the need to establish industries that will add value by processing cashew nuts and process fruits into juice. This he said will give farmers some more hope in their field of work.

Launching the exhibition which is scheduled for September 6 – 8, at the Ghana International Trade Fair, Prince Hari Crystal, the Managing Director of Exhibition Masters, said most of the companies partaking in this year’s exhibition at the Fair would be looking out for new franchises, great partnerships, striking new agreements, as well as setting up production plants in the country.
He said, last year’s exhibition paved way for many Ghanaian companies who are already doing great in their businesses, and was optimistic that this year’s event will create a greater platform for businesses.
A Deputy Minister of Trade and Industry in charge of trade, Carlos Ahenkora, noted that, the exhibition was timely as the government had prioritised the creation of jobs for the teaming unemployed youth in the country.
The exhibition, which is expected to bring together industry players from more than 15 countries with companies, in the areas of energy, construction, mining, roads, and automobile is under the auspices of the Indian High Commission in Ghana and the Federation of Indian Export Organisations with Turkey, and under the organisation of FairAct, VeriFair and Exhibition Masters.
Source: Sammy Adjei || ghananewsonline.com.gh

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