The Millennium Development Authority (MiDA) is set to collaborate with the International Finance Corporation (IFC) to transform the agricultural sector through a major boost in agribusiness investment and development.
This came up during a working visit by IFC Senior Manager for Ghana, Liberia, and Sierra Leone, Kyle Kelhofer, to the office of MiDA.
The meeting centred on strategic partnerships aimed at unlocking the potential of key agricultural enclaves across the country.
Briefing the IFC official, the Chief Executive Officer of MiDA, Alexander Kofi-Mensah Mould, highlighted MiDA’s ongoing efforts in developing three major agricultural economic enclaves located in Kasunya, the Oti Region, and Afram Plains in the Eastern Region.
The areas collectively span nearly 50,000 acres of arable land earmarked for large-scale agribusiness development.
Mr Mould said MiDA was currently constructing critical infrastructure in the enclaves — including irrigation systems, electricity supply, road networks and housing for anchor farmers.
Once development was complete, the lands would 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.
Credit: GRAPHICONLINE