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Agriculture

Ghana: South Korea invests $9 million in rice farming in Central Region

Wednesday, 08 November 2017 17:14

(Ecofin Agency) - South Korea has provided Ghana $9 million to boost rice farming in the Central Region. This was announced by Ghana’s minister of agriculture, Owusu Afriyie Akoto (picture). 

The official explained the choice of the region by its potentials for the large scale production of the cereal, not only for local consumption but for export as well.  

Let’s recall that 70% of Ghana’s demand for rice is satisfied with imports. Actually, between 2007 and 2015, rice imports in the country soared from $152 million to $1.2 billion.  

In Ghana, rice farming is practiced mainly on a semi-intensive basis by small farmers in swamps. 

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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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