President John Dramani Mahama has announced a $100 million investment by Degas Limited into Ghana’s agricultural sector over the next four years.
The announcement was made in Yokohama, Japan, following his meeting with Doga Makiura, founder and CEO of Degas, a global leader in AI-powered agribusiness solutions.
According to President Mahama in a Facebook post, the initiative will position Ghana as a hub for technology-driven farming by deploying artificial intelligence, satellite monitoring, and precision agriculture to boost productivity, enhance value chains, and generate new jobs.
He explained that Degas already has a solid footprint in Ghana, having supported more than 86,000 smallholder farmers across 122,000 acres.
Its innovative financing model, President Mahama noted has doubled farmer incomes while maintaining a 95% repayment rate.
Mahama hailed the new investment as a “strong vote of confidence” in Ghana’s vision for technology-enabled agriculture, stressing that the partnership will improve food security and create more opportunities for young people.
“Ghana has secured a major boost for our agricultural transformation. I met with Doga Makiura, CEO and founder of Degas Limited, here in Yokohama, who announced a $100 million investment over the next four years to help establish Ghana as an AI-powered agricultural hub.
Degas has already financed more than 86,000 smallholder farmers across 122,000 acres, doubling incomes with a 95% repayment rate. With AI-driven satellite monitoring and precision agriculture, we will strengthen value chains from inputs to markets, improve food security, and create more jobs for our youth.”
Source: Starrfm.com.gh
