Skip to main content

Government releases 85% of Agriculture Ministry’s 2026 Budget

 Agriculture, BudgetThe Ministry of Finance has released GH¢1.677 billion to the Ministry of Food and Agriculture in 2026, representing 85% of the ministry’s approved budget for Goods and Services, and Capital Expenditure (CAPEX).

The disclosure was made by Deputy Minister for Finance Thomas Nyarko Ampem during the launch of Ghana’s National Pact for Agricultural Transformation, Food Security, and Employment (AgriConnect Compact) on Wednesday, June 3, 2026.

The announcement directly challenges claims that the Ministry of Finance has failed to provide adequate funding to key ministries and state institutions.

Speaking at the event, Nyarko Ampem said President Mahama’s administration is matching its agricultural transformation agenda with substantial financial commitments and targeted investments.

According to him, the government’s commitment to agriculture is evident in a number of flagship programmes being implemented under the leadership of President John Dramani Mahama.

He added that the government’s vision for agriculture extends beyond increasing production to transforming the entire agricultural value chain, improving food security, creating jobs, and strengthening economic growth.

To support this agenda, he announced that significant resources had already been released by the Ministry of Finance to fund critical interventions across the sector.

I am pleased to confirm that we have released GH¢1.677 billion, representing 85% of the approved 2026 Budget for Goods and Services and Capital Expenditure (CAPEX) for the Ministry of Food and Agriculture,” he stated.

Providing a breakdown of the releases, Nyarko Ampem disclosed that:

* GH¢581.4 million has been released for the establishment of 50 Farmer Service Centres across the country to support mechanisation and improve productivity.

* GH¢110 million has been released for irrigation infrastructure projects to expand year-round farming and reduce dependence on rainfall.

* GH¢515.3 million has been released for the supply of fertilisers and certified seeds to farmers to boost crop yields and food production.

* GH¢244.9 million has been released for the Poultry Farm-to-Table Project (Nkoko Nkitinkiti) to support the growth of the poultry industry.

* GH¢200 million has been released for the National Food Buffer Stock Company to address longstanding challenges in the storage, distribution, and trading of agricultural produce.

Labels:

Comments

Post a Comment

Popular posts from this blog

NESCAFÉ Launches Real Vibes Text & Win Promo to Reward Coffee Consumers Across Ghana

 NESCAFÉ has launched the Real Vibes Text & Win Promo, an exciting consumer promotion designed to reward loyal coffee lovers and bring the brand’s My Coffee, My Vibe experience even closer to consumers across the country. Running from September to December, the promotion gives consumers the opportunity to enjoy their favourite NESCAFÉ coffee while standing a chance to win exciting prizes, including phones, motorcycles, airtime and the ultimate grand prize—an electric SUV. Speaking at the launch, Lily Ntim, Category Development Manager for NESCAFÉ, said the promotion reflects NESCAFÉ’s commitment to creating, rewarding and memorable experiences for consumers. “Today, we are excited to introduce the NESCAFÉ Real Vibes Text & Win Promo, a campaign designed to bring the My Coffee, My Vibe experience even closer to our consumers,” she said. She added that the campaign is not only about prizes, but also about celebrating the everyday moments consumers enjoy with their coffee. “T...
Post a Comment
Read more

Ghana Home Loans

With interest rates declining, a more liquid environment and a macroeconomic stability, mortgage financing is expected to see an ease of credit. And Ghana Home Loans being a leader in this industry is expected to lead the way. Ghana Home Loans (GHL), a leader in home mortgage, continues to be the frontier in fulfilling dreams of many Ghanaians in homeownership. Since starting business in 2006, it has also provided many existing homeowners with Equity Release mortgages to support their businesses, pay educational fees, improve their properties, or simply pursue other personal hobbies and interests. Ghana Home Loans is a mortgage finance institution which operates under Bank of Ghana’s supervision as a non-bank financial institution. At present, the Company remains the only such institution that focuses exclusively on the provision of mortgage product. Through the Home Completion mortgage and Home Construction mortgage products, Ghana Home Loans has enabled many qualified applican...
16 comments
Read more

Tender Committee recommends E&P for Damang Mine lease transfer

  A Tender Committee has recommended the grant of the mining lease for the Damang Gold Mine to Engineers and Planners Limited, following a competitive evaluation process conducted by the Minerals Commission. The recommendation comes after a tender process initiated under Regulation 258 of the Minerals and Mining (Licensing Regulations), 2012 (LI 2176), aimed at selecting a strategic investor to take over the mining lease and operations of the Damang mine. According to the report, four companies responded to the public tender announced in the media. Out of these, two firms were shortlisted by the Mineral Titles Department of the Minerals Commission and subsequently submitted to the Tender Committee for detailed assessment. After what was described as a comprehensive evaluation, Engineers and Planners Limited emerged as the highest evaluated bidder, leading to the Committee’s recommendation for the award of the lease. Gold Fields Ghana Limited, which has operated in the country since...
Post a Comment
Read more