The World Bank has pledged its unwavering support to ensure the successful completion of the Kpong Irrigation Scheme, a vital project aimed at enhancing agricultural productivity in Ghana.
The initiative, currently in its second phase, requires an additional $30 million in funding to reach completion.
To this end, Ousmane Diagana, World Bank Vice President for Central and Western Africa, emphasized the importance of agriculture as a cornerstone of economic development.
He therefore underscored the necessity to scale up already existing plans while also working in partnership with other countries.
“So while we are certainly very pleased with the result that has been achieved so far, I also would like to stress that there is definitely the need to do more, to be more ambitious. And that’s why your bank, I can say this year, continue to support this type of initiative to continue to partner with Ghanaians,” he continued.
While acknowledging the progress made so far, Mr. Diagana insisted that more needs to be done and that greater ambition and investment are needed from both the private and public sector due to the privatization of activities in Ghana’s agricultural sector.
He underscored the critical role of the private sector particularly small and medium-sized enterprises and family-owned farms, in driving sustainable growth.
“We are a long-standing partner for Ghana and therefore we continue to monitor the implementation of the project, assess the progress that has been achieved, and we’ll be happy, of course, to consider adding financing if necessary.”
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Source: Comfort Sweety Hayford/ATLFMNEWS
