By Benjamin Nii Nai Anyetei
Ghana’s Deputy Minister for Food and Agriculture, John Dumelo, has welcomed the World Bank Group’s decision to double its annual investment in agribusiness to $9 billion, describing it as a major boost for Ghana’s agricultural transformation and rural job creation.
Speaking on the sidelines of the 2025 IMF–World Bank Annual Meetings in Washington D.C., Mr Dumelo said the increased funding commitment signals a renewed global focus on agriculture as a driver of inclusive growth, food security, and poverty reduction.
“This is critical to creating jobs, reducing poverty, and improving global food security. For Ghana, it means more jobs being created in agriculture, access to low-interest agricultural loans, better post-harvest management, and increased investment in irrigation to achieve our all-year-round farming initiative,” he said.
Mr Dumelo, who is participating in the meetings alongside other agriculture ministers and global development partners, emphasised that Ghana is well positioned to leverage this opportunity to scale up its value chain development, mechanisation, and agro-industrialisation efforts.
He added that the government remains committed to policies that promote sustainable farming, youth participation in agribusiness, and private sector investment to transform agriculture into a key engine of national development.
The World Bank’s renewed focus on agribusiness is expected to benefit developing countries like Ghana, where agriculture employs more than 30 percent of the workforce and contributes significantly to GDP.
