ADVERTISEMENT
  • Contact Us
  • security
  • About Us
  • social
  • Celebrity
  • Privacy Policy
  • Contact Developer
  • Livescore
Tuesday, March 21, 2023
FacetvNews
  • Login
  • Register
  • Home
  • world news
  • Online Radio
  • Ghana News
  • Africa News
  • Music
  • Videos
  • Entertainment
  • Religion
  • Fixtures & Standings
  • Livescore
  • Home
  • world news
  • Online Radio
  • Ghana News
  • Africa News
  • Music
  • Videos
  • Entertainment
  • Religion
  • Fixtures & Standings
  • Livescore
No Result
View All Result
Morning News
No Result
View All Result
ADVERTISEMENT
Home Featured featured

EU allocates €10m to address Ghana's food security needs – Ghana Business News

Facetvnews by Facetvnews
October 16, 2022
in featured
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT

Welcome, Login to your account.
Recover your password.
A password will be e-mailed to you.
Ghana Business News Ghana Business News – The first place for your business news
The European Union (EU) has pledged an additional €10 million to Ghana to support the most vulnerable populations facing escalating global food security crisis exacerbated by Russia’s unprovoked and unjustified invasion of Ukraine.
Mr. Pieter Smidt Van Gelder, the Deputy Head of the European Union Mission to Ghana, announcing the new Special Measure in Accra said, “These new funds will support families to grow crops, generate income and improve food availability on local markets.”
Mr Gelder, who presented the dummy cheque to the Ministries of Finance and Food and Agriculture said the EU support would also make
Ghanaian farmers more resilient to crisis by promoting sustainable food production and strengthening integration into national and regional food value chains.
He said the allocation would support the sustainable development of a number of agribusiness value chains, including shea, soybean, beekeeping, and vegetables.
The Deputy Head of the EU Mission said this would complement efforts by the Ghanaian government to mitigate further increases in poverty, hunger, and malnutrition in vulnerable areas affected by high prices of food, fertilizer, and fuel.
He said the current €10 million allocation to Ghana represented the commitment of the EU and Member States Team Europe approach to mobilizing political, policy and financial means to safeguard food security, while transitioning to more resilient food systems.
He said the food security situation was a very serious concern and that was why the EU had allocated 600 million euro to countries mainly in Africa to finance humanitarian food aid and food production and to strengthen local food production systems.
He said the support would help 19 countries to cope with the consequences of Russia’s war of aggression against Ukraine, notably the current food security and related economic shock.
“Of this envelope, the EU is allocating the €10 million to Ghana,” he added.
He said the new funding comes on top of the EU’s €203 million joint programming support already dedicated to Ghana for 2021-2024.
The Deputy Head of EU Mission said the extra funding announced today would strengthen the ongoing programme as well as the EU’s upcoming support to the agriculture sector in Ghana.
Mrs Abena Osei-Asare, a Deputy Minister for Finance, said “We as a country have been faced with a number of challenges in recent times. The COVID-19 pandemic and lately Russia – Ukraine war have particularly had worrying effects on Ghana’s economy.”
She said the conflict had resulted in rapid increase in the prices of food, fuel and fertilizer, with its attendant consequences on the country’s foreign exchange reserves used to purchase commodities imported for public consumption as well as inputs for industries.
She said food inflation continued to contribute highly to overall inflation with Ghana’s inflation for September 2022 at 37.2 per cent with food inflation contributing largely at 37.8 per cent.
She said the support would focus on the Northern part of Ghana as a more economically sustainable and inclusive food systems, reinforced environmental sustainability of food systems, enhanced social sustainability and gender responsiveness of food systems (incl. Food and nutrition security) and improved governance and institutional sustainability of food systems.
She said the EU had been a strategic partner of Ghana over the years and had supported the country in the areas of infrastructure development, good governance, agriculture, and public financial management.
“The flexibility exhibited in the provision of €86.5 million to Ghana as Emergency Budget Support during the peak of the COVID-19 pandemic is one that cannot be forgotten,” she added.
Mrs Osei Asare said the support to food security would complement an action for agribusiness foreseen under the Annual Action Programme for 2023.
He said the action was part of a larger support aimed at mitigating the effects of food crisis in vulnerable Member States and regions of the Organisation of African, Caribbean and Pacific States (OACPS), occasioned by the Russia Ukraine war.
“This singular decision by the EU, together with its Member States, to mobilise €600 million from the reserves of the European Development Fund (EDF) to support ACP countries and regions is particularly commendable,” she said.
Mr Mohammed Hardi Tufeiru, a Deputy Minister of Food and Agriculture, said the EU-Ghana Agriculture programme, sought to modernize agricultural production processes.
This will address binding constraints to agricultural productivity through the development of selected value chains including rice, soybean, groundnut, cashew, mango, and vegetables, building resilience against climate change and investment in infrastructural development such as roads and irrigation facilities.
The programme is consistent with Sector’s flagships- Planting for Food and Jobs and Planting for Export and Rural Development.
He said it would go a long way to improve the livelihoods of communities in the beneficiary regions and the country at large.
He said the €10 million pledge by the EU had come at an opportune time to support the most vulnerable populations to cope with the ramifications of the Russia invasion of Ukraine and the resultant impact on food security.
He said the proposed support had been earmarked for the sustainable development of a selected number of agribusiness value chains, including shea, soybean, beekeeping, and vegetables, which are all priority areas for the sector.
Source: GNA
Prev Post
Ghana and four other countries benefit from $250m EBID grant
Next Post
No plans to reduce returns on investments – Ghana government  
Your email address will not be published.








source

READ ALSO

Nana Tornado reveals how Adom TV declared him missing at age 15, when he absconded to Philippines.

Existing heart medication may help treat alcohol use disorder – Medical News Today

Share this:

  • Twitter
  • Facebook

Like this:

Like Loading...
Tags: @facetvnews

Related Posts

Nana Tornado
Celebrity

Nana Tornado reveals how Adom TV declared him missing at age 15, when he absconded to Philippines.

January 10, 2023 - Updated on January 11, 2023
8
featured

Existing heart medication may help treat alcohol use disorder – Medical News Today

October 21, 2022
0
featured

Why Is Ghana Turning to the IMF? – Foreign Policy

October 21, 2022
0
featured

Bill Squadron featured in ABC News report on transparency of NIL deals – Today at Elon

October 21, 2022
0
featured

Warning signs posted after box jellyfish spotted in Waikiki – Hawaii News Now

October 21, 2022
0
featured

No tax hikes, fee increases in Barlow's $55 million budget for 2023 – oswegocountynewsnow.com

October 21, 2022
0
Next Post

10 questions for DeWine and Whaley | News, Sports, Jobs - Warren Tribune Chronicle

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

POPULAR NEWS

Meet the great chef from Zimbabwe who has been around the world

Meet the great chef from Zimbabwe who has been around the world

December 12, 2022 - Updated on December 13, 2022
252
The young Ghanaian woman who became CEO at a tender age.

The young Ghanaian woman who became CEO at a tender age.

December 15, 2022
202
Meet the young vibrant Ghanaian dancehall artiste making waves in Accra Ghana.

Meet the young vibrant Ghanaian dancehall artiste making waves in Accra Ghana.

January 5, 2023 - Updated on January 9, 2023
94
Meet Beebu a talented Nigerian popular Yoruba musician 

Meet Beebu a talented Nigerian popular Yoruba musician 

January 5, 2023 - Updated on January 9, 2023
71
support our own – Black Sheriff

support our own – Black Sheriff

December 5, 2022 - Updated on December 6, 2022
36
ADVERTISEMENT

EDITOR'S PICK

It was Grand! | Entertainment – Jamaica Gleaner

November 2, 2022
0

Serbia coach Stojkovic: Juventus shouldn't doubt Vlahovic – Ghanasoccernet.com

October 16, 2022
0

COMMONWEALTH GAMES: Ghana starts on a rough note – Ghanamansports

October 25, 2022
0

Preview: Switzerland vs. Ghana – prediction, team news, lineups – Sports Mole

November 16, 2022
0

About

Facetvnews

News $ Entertainment

We bring you the best new and entertainment, etc. Check our landing page for details. Download the app

Follow us

Categories

Recent Posts

  • Agnosticism and Gnostism
  • Manage Blood Sugar
  • Kejetia market shut down after fire outbreak
  • Fuel prices fall by 6% per litre; petrol sells for ¢12.95 and diesel for ¢13.49
  • Russian fighter jet strikes US drone over Black Sea, causing it to crash
  • Fixtures & Standings
  • Livescore
  • Contact Developer
  • Contact Us
  • Online Radio

© 2022 FactvNews -all rights reserved | Powered by Mcperry Imaginations.

No Result
View All Result
  • Homepages
    • Home Page 1
  • Politics
  • National
  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Opinion
  • Science

© 2022 FactvNews -all rights reserved | Powered by Mcperry Imaginations.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Google
Sign Up with Linked In
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: