Rice farmers in three northern regions of Ghana will now have access
to additional funding, thanks to the newly launched $75 million fund
secured by the SNV Netherland Development Organisation.
The $75million fund which SNV acquired from the United States Agency
for International Development (USAID) and Financing Ghanaian Agriculture
Project (FinGAP) will help to boost commercial rice production locally.
FinGAP is a five-year funding intervention programme set up by the USAID to facilitate support for rice, maize and soya production. It was created to address constraints that restrict the development of commercial agriculture.
Since it launched, it has provided funding for 1,700 farmers and processors, with rice manufacturers the major benefactors.
Northern Ghana contributes up to 80% of the Ghana food basket and for the local market, comprising of major crops like yam, cassava, maize, millet, sorghum, rice, groundnuts, beans etc, while livestock species produced cattle, sheep, goats, poultry and pigs.
FinGAP is a five-year funding intervention programme set up by the USAID to facilitate support for rice, maize and soya production. It was created to address constraints that restrict the development of commercial agriculture.
Since it launched, it has provided funding for 1,700 farmers and processors, with rice manufacturers the major benefactors.
Northern Ghana contributes up to 80% of the Ghana food basket and for the local market, comprising of major crops like yam, cassava, maize, millet, sorghum, rice, groundnuts, beans etc, while livestock species produced cattle, sheep, goats, poultry and pigs.
Northern Ghana has
about 7 million hectares of arable land 70% available for agricultural
production. Agriculture accounts for 90% of household
incomes. The land is generally flat with soils which are predominantly
lateritic with less than 0.5% organic matter, thus making the soils
inherently poor in fertility. This situation is aggravated by very harsh
and unfavourable climatic conditions of short and erratic rainfall
patterns. This has led to a consistent decline in agricultural
productivity and a widespread poverty over the years, especially in
rural communities
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