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The Development Bank Ghana is set to host a stakeholders engagement dialogue that focuses on mitigating food shocks and insecurities in the agricultural sector.
The series, pivoted at meeting targeted investments and addressing food insecurities, comes with the urge of totally abolishing importation of foods into the country.
The global-centred meeting will also tackle the challenges embedded in selected value chains, productions of poultry, rice, maize and soybeans while configuring ways to revamp them to meet local demands on the Ghanaian market.
Concurrently, expenditure made on the importation of broilers into the country is estimated to be over $600 million, and a billion dollars on rice production.
This, the Development Bank Ghana has made willing efforts to support the agric sector under the four value chains with a whooping amount of $700 million to ensure the appropriate tools and resources needed by farmers to increase output in productivity will bridge the gap between food security.
Mr. Michael Mensah-Baah, the Deputy Chief Executive Officer of DBG stated that the four selected value chains (Poultry, Rice, Maize, Soybeans) have the ability to make great impacts on the country’s food security, hence its current challenges.
The Stakeholders Briefing Series, will go a long way to compile the views and opinions of stakeholders and policy makers in and around the country, presented to policy makers to review and based on the aftermaths, the decision to invest the available funds will be taken.
The said investment by the Development Bank Ghana, will intend break the neck of food shocks by stimulating economic growth and development if implemented.
This, leading to job creation, will also equip farmers with daily improved incomes.
