Sunday, August 31, 2025
NewsCenta
  • Home
  • News
    • Politics
    • Local
    • Education
    • Agriculture
    • World
  • Entertainment
    • Celebrities
    • Music
  • Lifestyle
  • Business
  • Sports
  • Tech
  • Opinion
No Result
View All Result
NewsCenta
  • Home
  • News
    • Politics
    • Local
    • Education
    • Agriculture
    • World
  • Entertainment
    • Celebrities
    • Music
  • Lifestyle
  • Business
  • Sports
  • Tech
  • Opinion
No Result
View All Result
NewsCenta
No Result
View All Result

MiDA partners with IFC to boost agribusiness in Ghana

Strategic alliance aims to enhance agricultural productivity, attract private investment, and empower local agribusinesses

NewsCenta by NewsCenta
July 13, 2025
in Agriculture, Local, News
0
MiDA IFC agribusiness
Share on FacebookShare on Twitter

The Millennium Development Authority (MiDA) is set to collaborate with the International Finance Corporation (IFC) to transform Ghana’s agricultural sector through a major boost in agribusiness investment and development.

This was disclosed during a working visit by Kyle Kelhofer, IFC Senior Manager for Ghana, Liberia, and Sierra Leone, to the Chief Executive Officer of MiDA, Mr. Alexander Kofi-Mensah Mould.

You might also like

Margins NIA Board

Margins built world-class identity system — NIA Board Chair

August 31, 2025
Mahama calm Bole

Mahama moves to restore calm in Sawla, Bole; engages Yagbonwura

August 31, 2025

The meeting centred on strategic partnerships aimed at unlocking the potential of key agricultural enclaves across the country.

Briefing the IFC official, Mr. Mould highlighted MiDA’s ongoing efforts in developing three major agricultural economic enclaves located in Kasunya, Oti, and Afram Plains.

These areas collectively span nearly 50,000 acres of arable land earmarked for large-scale agribusiness development.

According to Mr. Mould, MiDA is currently constructing critical infrastructure in these enclaves — including irrigation systems, electricity supply, road networks, and housing for anchor farmers. Once development is complete, the lands will be leased to private developers for commercial farming activities.

However, Mr. Mould emphasised the need for robust feasibility studies to ensure the viability and cost-effectiveness of the planned infrastructure investments.

“To attract the necessary funding, we need comprehensive feasibility studies done, especially regarding land use and infrastructure costs, including irrigation,” he said.

He also mentioned that he had been travelling across the country to profile anchor farmers, understand their challenges, and gather insights that could help shape policies aimed at supporting President John Mahama’s administration in making informed decisions on agricultural enclave development.

Highlighting government priorities, Mr. Mould reiterated the administration’s commitment to reducing the national import bill and achieving food self-sufficiency through targeted investments in agriculture.

Mr. Mould, who is also a former Executive Director at Standard Chartered Bank responsible for Wholesale Banking, stated that he is collaborating with government policymakers to provide targeted subsidies for farmers.

These subsidies focus on farm infrastructure development and agronomic inputs and tools—particularly machinery for land clearing and development, as well as irrigation equipment.

In response, Mr. Kelhofer pledged IFC’s support in undertaking detailed feasibility assessments for the three agricultural enclaves. He also assured MiDA of IFC’s willingness to mobilise potential foreign direct investors for the project, drawing parallels with a similar initiative the IFC successfully implemented in Sierra Leone.

The partnership marks a significant step toward transforming Ghana’s agricultural landscape and positioning the country as a key player in regional food production and agribusiness.

Post Views: 283
Tags: Alex MouldInternational Finance CorporationMillennium Development Authority
NewsCenta

NewsCenta

Related Stories

Margins NIA Board

Margins built world-class identity system — NIA Board Chair

by NewsCenta
August 31, 2025
0

Chairman of the newly constituted Board of the National Identification Authority (NIA), Moses Afetsi Positive, has praised the expertise and...

Mahama calm Bole

Mahama moves to restore calm in Sawla, Bole; engages Yagbonwura

by NewsCenta
August 31, 2025
0

President John Dramani Mahama has taken steps to restore calm in the Sawla-Bole Area of the Savannah Region. A statement...

Bawumia leadership

I offer leadership built on values – Dr Bawumia

by NewsCenta
August 31, 2025
0

Former Vice-President and 2024 presidential candidate of the New Patriotic Party (NPP), Dr. Mahamudu Bawumia, has assured members of the...

Teshie Sowutuom Homowo

5 dead in violent clashes at Teshie and Sowutuom Homowo festivals

by NewsCenta
August 31, 2025
0

The 2025 Homowo festival, meant to be a joyous celebration of abundance and thanksgiving among the Ga people, has instead...

Recommended

Margins NIA Board

Margins built world-class identity system — NIA Board Chair

August 31, 2025
MTN Foundation work

MTN Foundation Chair urges youth to take pride in their work

August 31, 2025
Mahama calm Bole

Mahama moves to restore calm in Sawla, Bole; engages Yagbonwura

August 31, 2025

Popular Story

  • Songs Daddy Lumba

    See the list of over 200 songs Daddy Lumba released

    737 shares
    Share 295 Tweet 184
  • Gold-backed policies since 2021 driving economic gains — BoG

    711 shares
    Share 284 Tweet 178
  • 10 of top 11 causes of death killing more men in Ghana

    697 shares
    Share 279 Tweet 174
  • Bissue floors High Court and OSP at Supreme Court

    690 shares
    Share 276 Tweet 173
  • Monday, May 26, 2025 Newspaper Headlines

    677 shares
    Share 271 Tweet 169
NewsCenta

Newscenta is a Ghana-based news organisation publishing in print (The Newscenta Newspaper) and on a digital media platform (newscenta.com) dedicated to delivering timely and impactful news across various sectors, including politics, business, economy, technology, and culture.

  • About Us
  • Contact Us
  • Health
  • Education
  • Mining
  • Energy
  • Telecoms
  • Agriculture
  • Opinion
  • Trade
  • Newspaper Headlines

© 2025 All Rights Reserved NewsCenta.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Politics
    • Local
    • World
  • Entertainment
    • Celebrities
    • Music
  • Lifestyle
  • Newspaper Headlines
  • Business
  • Agriculture
  • Education
  • Sports
  • Tech
  • Opinion

© 2025 All Rights Reserved NewsCenta.

Connect with us