Degas Limited, which has previously financed over 86,000 smallholder farmers across 122,000 acres statewide, has pledged a $100 million commitment over the next four years to help develop Ghana as Africa’s first AI-powered agricultural hub.
“Ghana has shown that when technology meets a clear national vision, smallholder farmers can thrive,” said Doga Makiura, CEO and founder of Degas Limited, at a meeting with President John Dramani Mahama on the sidelines of the Ghana Presidential Investment Forum.
“Our $100 million commitment will scale AI-driven satellite monitoring and precision agriculture techniques so farmers can boost yields, reduce risk, and access fairly priced finance.”
“We’ve already seen incomes double with a 95% repayment rate from the farmers,” he stated in the meeting with President Mahama.
Degas’ platform blends agricultural practices with AI-powered satellite monitoring. Makiura claims that Japanese investors are very interested in the results.
“Many Japanese partners now consider Ghana’s integrated approach the gold standard for agricultural investment in Africa,” he said.
“President Mahama’s focus on value-chain integration aligns closely with Japan’s search for credible, scalable partnerships.”
Calling it a sign of confidence in Ghana’s agricultural development strategy, President Mahama greeted the announcement.
“This investment reinforces our commitment to integrated agricultural value chains that connect farmers to markets, finance, storage, and processing,” he said.
“By leveraging AI and precision technologies, we will improve productivity, enhance food security, and create dignified jobs for youth across rural communities.”
In addition to strengthening local value chains by strengthening collaborations across input supply, logistics, and offtake, the new funding will assist the expansion of Degas’ precision agronomy, satellite-enabled crop monitoring, and farmer financing services.
Source: newsthemegh.com