A US$22.6 million World Bank loan under the West Africa Food System Resilience Project (FSRP), according to Finance Minister Dr. Cassiel Ato Forson, will greatly improve food security and assist in resolving long-standing structural issues in Ghana’s agriculture industry.
On Friday, January 30, 2026, Dr. Forson made the comments while on a working tour of rice farms in Kpong and Asutsuare in the Eastern and Greater Accra areas, as well as Golden Exotics Limited, a prominent local banana production and export business.
Through digital information platforms, the World Bank-backed project, headed by the Ghanaian government, seeks to improve farmers’ access to trustworthy meteorological and climate advisory services.
It also aims to increase production of essential commodities such as maize, rice, soybeans, tomatoes, and poultry in order to improve overall food system productivity and resilience.
According to the Finance Minister, the lending facility would be important in addressing the sector’s long-standing issues.
“Let me thank the World Bank for the assistance and for allocating this loan facility to the Government of Ghana to enable us to develop our agriculture sector. This is a sector that has struggled over the years, and this support will go a long way,” Dr. Forson said.
Robert Taliercio, the World Bank’s Division Director for Ghana, Liberia, and Sierra Leone, stated that the program demonstrates the Bank’s ongoing dedication to assisting Ghana’s priorities for agricultural growth.
He pointed out that agriculture is a vital pillar of the economy since it contributes significantly to Ghana’s GDP and continues to be one of the key sources of employment.
“Agriculture is a very important sector for Ghana. Infrastructure remains a recurring challenge, and despite existing constraints, the World Bank remains committed to supporting Ghana, particularly in addressing these infrastructure gaps,” Mr. Taliercio stated.
Source: newsthemegh.com