President John Mahama has announced that Degas Limited, a leading agricultural investment company, has pledged a $100 million investment support for Ghana over the next four years to establish the Country as a hub for AI-powered agriculture.
This investment, according to the President, is expected to revolutionize the Agric Sector, enhancing food security, creating jobs, and improving the livelihoods of smallholder farmers.
Degas Limited has already financed over 86,000 smallholder farmers across 122,000 acres, resulting in doubled incomes and a remarkable 95% repayment rate.
The President said, “The investment will leverage AI-driven satellite monitoring and precision agriculture to strengthen value chains, from inputs to markets”.
The partnership aims to improve food security, create more jobs for Ghana’s youth, and solidify the country’s position as a leader in technology-enabled agriculture.
This investment is a strong endorsement of Ghana’s vision for integrated, technology-driven agriculture. With this partnership, “Ghana is poised to deliver on its promise of transforming the agricultural sector, enhancing the lives of farmers, and driving economic growth”.
The collaboration between Degas Limited and Ghana’s government as declared by the president in his Facebook post will scale up AI-powered agricultural solutions, expand financing options for smallholder farmers, strengthen agricultural value chains, and more importantly create jobs and improve livelihoods for Ghana’s youth
This investment marks a significant step towards realizing Ghana’s agricultural transformation agenda.
