– Business, Finance, Markets & Economic News
  • Home
  • Economy
  • Business
  • Markets
  • Finance
  • Credit Ratings
  • Policy
  • Tech
– Business, Finance, Markets & Economic News
  • Home
  • Economy
  • Business
  • Markets
  • Finance
  • Credit Ratings
  • Policy
  • Tech
Top News
Egypt and South Africa Push for Stronger Africa Trade Corridors at BRICS Summit
Nigeria’s Dangote Refinery Expands IPO Access Through 40 Approved Channels
Tharisa Prices $300 Million Bond to Advance Zimbabwe’s Karo Platinum Mine
Senegal Bondholder Group Pushes for Fair and Sustainable Debt Treatment
Namibia to End Vitol’s Exclusive Fuel Supply Deal After October Extension
Lobito Corridor Targets 3 Million Tons of Freight as $750 Million Upgrade Accelerates
Libya’s $2.5 Billion Benghazi Iron Complex Targets Lower-Carbon Steel Supply
Kenya Approves Diageo’s $2.3 Billion Sale of EABL Stake to Japan’s Asahi
Ghana Moves to Set Minimum Pay and Tender Benchmarks for Mining Contractors
TotalEnergies to Invest $10 Billion in Angola as It Targets Sustained Oil Production
Kenya Set for About $400 Million World Bank Emergency Financing Amid Rising Risks
South Africa Swings to 2.6% Current Account Deficit as Higher Oil Costs Hit Imports
Emerging-Market Private Credit Fundraising Surges to $8.7 Billion in H1 2026
TotalEnergies Makes New Angola Oil Discovery, Expands Exploration Footprint
Egypt’s Annual Urban Consumer Price Inflation Eases to 14.5% in August, Stats Agency Says
SUBSCRIBE
– Business, Finance, Markets & Economic News
Subscribe
– Business, Finance, Markets & Economic News
  • Home
  • Economy
  • Business
  • Markets
  • Finance
  • Credit Ratings
  • Policy
  • Tech
Copyright 2026 - All Right Reserved
Home » Agriculture » AfDB Approves $18.8 Million for Ghana Rice Project to Cut Import Dependence
Agriculture

AfDB Approves $18.8 Million for Ghana Rice Project to Cut Import Dependence

by Mintesinot Nigussie August 4, 2026
written by Mintesinot Nigussie August 4, 2026
FacebookTwitterLinkedinEmail
55

ACCRA, Aug 4 – The African Development Bank (AfDB) has approved $18.8 million grant for Ghana to strengthen its rice industry, as the country seeks to reduce reliance on imports and improve food security through higher domestic production.

The funding will support implementation of the Regional West Africa Resilient Rice Value Chains (REWARD) project, which is designed to raise rice productivity, modernise processing, improve market access and create jobs across the agricultural value chain.

The project comes as Ghana continues to face a widening gap between domestic rice production and consumption, leaving the country dependent on imports and vulnerable to fluctuations in global food prices.

The initiative will invest in climate-resilient farming systems, expand access to improved seeds, fertilisers and mechanisation, and finance irrigation and land development in selected districts of Ghana’s Northern Savannah Ecological Zone, an area regarded as having significant agricultural potential despite infrastructure and climate-related constraints.

You Might Be Interested In
  • Egypt’s Wheat Purchases Hit Record High as Government Pushes to Cut Import Dependence

The project will also modernise rice processing facilities, strengthen links between producers and markets, and encourage greater private sector participation across the value chain.

Halima Hashi, AfDB Country Manager for Ghana, said the investment would improve the competitiveness of Ghana’s rice industry while supporting broader economic objectives.

“This project will help strengthen Ghana’s rice value chain by increasing productivity, improving market access and supporting agribusiness development,” she said.

“By investing in climate-resilient agriculture, the initiative will contribute to food security, job creation and more inclusive economic growth.”

The REWARD project forms part of Ghana’s agricultural transformation agenda under the Feed Ghana Programme and aligns with the African Development Bank’s priorities on climate-resilient agriculture, private sector development and inclusive growth.

The initiative also supports regional efforts to strengthen food systems across West Africa, where governments are seeking to increase local food production and reduce dependence on imported staples.

Read Next

  • South African Reserve Bank Holds Interest Rate at 7% Despite Inflation Pressures

    July 23, 2026
  • Gabon to Sign Oil Production Deals with BP and Exxon Within Six Months, Minister Says

    April 22, 2026
  • Africa Faces Over $90 Billion in Sovereign Debt Repayments in 2026, S&P Says

    February 3, 2026
  • Nigeria Collects $19.9 Billion in Taxes as Digital Systems Expand

    August 12, 2026
  • Chinese President Xi’s Egypt Visit Deepens China’s Strategic and Economic Ties With Cairo

    September 2, 2026

Newsletter

Subscribe to our newsletter for trusted insights on Africa’s economies, markets, and business.

African Economy Inc. Logo

About Us

We are a business and economic intelligence platform delivering in-depth reporting, analysis, and insights on markets, companies and economic developments across Africa.

Our Company

  • AEI Intelligence
  • About
  • Editorial Standard
  • Partnerships
  • Advertise With Us
  • Careers
  • Ownership

News

  • Economy
  • Business
  • Markets
  • Finance
  • Credit Ratings
  • Policy
  • Tech

Useful Links

  • Privacy Policy
  • Terms of Use
  • Closed Captioning Policy
  • Accessibility Statement
  • Personal Information
  • Data Tracking
  • Register New Account

Subscribe Newsletter

Subscribe to our newsletter for trusted insights on Africa’s economies, markets, and business.

©2026 Majons Media Inc. All Rights Reserved.

Facebook Twitter Instagram Linkedin
Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
– Business, Finance, Markets & Economic News
  • Economy
  • Business
  • Markets
  • Banking & Finance
  • Energy
  • Tech
  • Policy