Government has allocated GHȼ1billion to the Millennium Development Authority (MiDA) to implement the Economic Enclaves Project to improve the Ghana’s food security while reducing rising food import bills and address youth unemployment.
This funding will be dedicated to providing critical infrastructure, including irrigation and canals, as well as clearing and developing land for private sector actors in the EEP.
Finance Minister Ken Ofori-Atta announced this in parliament when he presented the 2024 budget.
The initiative, he noted, indicates government’s commitment to securing and developing lands to offer security of tenure for large-scale agricultural investments, in order to boost agricultural production in the country.
As of December 2022, three enclaves in Kasunya (Greater Accra), Kumawu (Ashanti) and Banda (Oti Region) were operational. Five other enclaves are planned in 2024 to promote value addition, integration and deepening aggregation and value chain systems to serve as economic growth poles, he noted.
