MoFA urges Finance Ministry to reverse World Bank food programme withdrawal over GH¢643m commitments
The Ministry of Food and Agriculture (MoFA) has urged the Ministry of Finance to reverse Ghana’s withdrawal from the West Africa Food System Resilience Programme (FSRP), warning that the decision could put GH¢643.87 million in existing contractual commitments at risk. In a letter to the Finance Minister, Agriculture Minister Eric Opoku said the Finance Ministry’s […]
The Ministry of Food and Agriculture (MoFA) has called on the Finance Ministry to reconsider Ghana's decision to withdraw from the West Africa Food System Resilience Programme (FSRP), warning that it could jeopardize GH¢643.87 million in existing contractual obligations. In a letter sent to the Finance Minister, Agriculture Minister Eric Opoku condemned the Finance Ministry's request to the World Bank for Ghana's withdrawal on September 23, without consulting MoFA beforehand.
The letter underscored the urgency of revisiting the decision. MoFA has already committed GH¢643,867,633.36 to the FSRP for ongoing agricultural projects, with GH¢520.26 million funded by the International Development Association (IDA) and GH¢123.61 million from the FS2030 Trust Fund. The ministry warned that a hasty exit, without a backup funding plan, could leave Ghana liable for settling the outstanding debts, potentially causing delays, extra expenses, and legal disputes.
Thus, MoFA is urging a swift reassessment of the FSRP withdrawal to safeguard existing commitments and avoid any financial or contractual fallout.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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