Finance Minister Dr. Mohammed Amin Adam has revealed that the government has allocated GH¢8 billion to assist farmers grappling with the effects of the recent drought.
In addressing the crisis, he admitted that although this intervention won’t entirely eliminate the drought’s impact, it will be crucial in helping to stabilise the situation.
“Our response may not entirely neutralise the extent of the problem. But our response certainly will help stabilise the situation until we get out of the crisis,” Dr Adam stated.
Finance Minister Dr. Mohammed Amin Adam disclosed that the government is securing roughly $500 million (about GH¢8 billion) to finance a comprehensive crisis response program for farmers impacted by the recent drought.
This relief package includes direct cash transfers and the distribution of essential supplies like food to those affected.
To ensure the aid reaches those in need fairly and transparently, a specialized task force, including members from the Ministries of Finance and Food and Agriculture, will manage the distribution process.
Dr. Amin Adam outlined the funding strategy, noting that GH¢2.5 billion will be drawn from the contingency fund, while another GH¢2.4 billion will be sourced from development partners.
He also emphasised that the World Bank’s contribution will be directed towards cash transfers and providing farming inputs to support the farmers.