World Bank Loans Ghana $22.6m Loan to Boost Food Security – Ato Forson
The Minister of Finance, Dr. Cassiel Ato Forson, has announced that a US$22.6 million World Bank loan under the West Africa Food System Resilience Project (FSRP) will significantly strengthen food security and help address long-standing structural challenges in Ghana’s agricultural sector.
According to Dr. Forson, the facility will support efforts to improve productivity, enhance resilience, and modernise agricultural systems across the country, particularly in the face of climate-related risks.
The Finance Minister made these remarks during a working tour of Golden Exotics Limited, a leading banana production and export company, as well as rice farms in Kpong and Asutsuare in the Eastern and Greater Accra regions on Friday, January 30, 2026.
He explained that the World Bank–supported project, which is being implemented by the Government of Ghana, is designed to improve farmers’ access to reliable weather and climate advisory services through digital information platforms. The initiative also aims to boost the production of key agricultural commodities, including maize, rice, soybean, tomato, and poultry, in order to enhance food availability and build resilience across the food system.
Dr. Forson noted that Ghana’s agricultural sector has faced persistent challenges over the years, including low productivity, infrastructure deficits, and vulnerability to climate shocks, stressing that the loan facility would play a critical role in addressing these constraints.
“Let me thank the World Bank for the assistance and for allocating this loan facility to the Government of Ghana to enable us to develop our agriculture sector. This is a sector that has struggled over the years, and this support will go a long way,” he stated.
Meanwhile, the World Bank’s Division Director for Ghana, Liberia and Sierra Leone, Mr. Robert Taliercio, said the initiative underscores the Bank’s continued commitment to supporting Ghana’s agricultural development priorities.
He observed that agriculture contributes significantly to Ghana’s Gross Domestic Product and remains one of the largest sources of employment, making it a critical pillar of the national economy.
“Agriculture is a very important sector for Ghana. Infrastructure remains a recurring challenge, and despite existing constraints, the World Bank remains committed to supporting Ghana, particularly in addressing these infrastructure gaps,” Mr. Taliercio said.
The West Africa Food System Resilience Project forms part of broader regional efforts to strengthen food systems, improve livelihoods, and enhance economic stability across the sub-region.
