Ghana secures $100m investment for AI-powered agriculture
Ghana has secured a $100 million investment commitment from Japanese Agri-tech company Degas Limited as part of efforts to boost the country’s agricultural transformation, President John Mahama has announced following a meeting with Degas CEO and founder, Doga Makiura, in Yokohama, Japan.
The investment which will span over the next four years, is aimed at modernizing Ghana’s agricultural sector and establishing the country as a leading hub for artificial intelligence (AI)-driven agriculture in West Africa.
In a social media post on Friday, President Mahama disclosed that the funds will be channeled into deploying advanced technology, including satellite monitoring and precision farming techniques, to strengthen the entire agricultural value chain.
“This is a strong vote of confidence in Ghana’s vision for integrated, technology-enabled agriculture—and we are ready to deliver,” the post stated.
According to President Mahama, the partnership will leverage Degas Limited’s proven track record in financing and supporting smallholder farmers. The company has already financed over 86,000 smallholder farmers across 122,000 acres in other markets, “doubling incomes with a 95% repayment rate.”
Background
On August 17, President Mahama left Accra for official visits to Japan and Singapore as part of efforts to deepen Ghana’s bilateral relations, expand trade and investment opportunities, and strengthen cooperation on shared development priorities.
While in Japan, the President participated in the 9th Tokyo International Conference on African Development (TICAD IX), where he delivered a presentation at a plenary session on the theme “The Economy: Promoting Trade and Investment.”
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