Upper East Region to get fair share of $10bn to be invested in 7 sectors of the economy
By Love Wilhelmina Abanonave President John Dramani Mahama has announced a $10 billion investment into 7 key sectors of the economy over the next 4 years. 50% of the annual $2.5 Billion investment is to focus on Agriculture and Agro-processing. Speaking in the Upper East Region during his resetting Ghana tour today, Friday, August 14, […]
President John Dramani Mahama has revealed a $10 billion investment plan aimed at revitalizing seven key sectors of Ghana's economy over the next four years. During a visit to the Upper East Region, the President emphasized that 50% of the annual $2.5 billion investment will be directed towards Agriculture and Agro-processing. This initiative seeks to boost food production, create jobs, and reduce the country's reliance on food imports.
The Upper East Region, according to the President, has the potential to feed the entire nation. He highlighted the possibility of revamping existing irrigation facilities to enable continuous cultivation throughout the year, thus increasing the region's agricultural output. The President expressed confidence that the Upper East Region can produce all the vegetables consumed in Ghana.
Agriculture and Agro-processing will receive a substantial portion of the $10 billion investment, with the Upper East Region set to benefit from its fair share of the five billion dollars allocated. The President cited ongoing projects in the region, including a tomato revitalization project that has brought 2,500 acres of land under tomato production.
The Pwalugu tomato factory is also scheduled for rehabilitation to process the tomatoes produced in the Upper East Region, thereby reducing the country's dependence on tomato imports.
In addition to tomatoes, the government plans to complete the Tono irrigation project to support dry season farming in four districts of the Bawku area. By increasing local onion production, the President hopes to cut down imports from Niger. The investment plan aims to leverage the Upper East Region's agricultural potential, positioning it as a significant contributor to Ghana's food security and economic growth.
Written by urgent.news from GBC Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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