Ghana And African Development Fund Sign $39 Million Loan Agreement

Monday, March 19, 2018

Ghana and the African Development Fund (ADF) on Thursday signed a US$39.01 million loan agreement to support government’s Flagship Programme in Agriculture: Planting for Food and Jobs (PFJ).

Mr Ken Ofori-Atta, the Minister of Finance, signed on behalf of the Government of Ghana, whilst Dr. Yero H. J. Baldeh, the Ghana Country Manager of the African Development Bank signed on behalf of the African Development Fund.

A statement issued by the Public Relations Unit of the Ministry of Finance said the loan is a concessionary facility to finance the Savannah Zone Agricultural Productivity Improvement Project (SAPIP) to be implemented over a five year period, commencing in 2018 and completing in 2022.

The development objective of the Project is to transform agricultural value chains for food and nutrition security and job creation within the Savannah Zone.

Photo courtesy of International Institute of Tropical Agriculture.

Source: Ghana News Agency (link opens in a new window)

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