KOICA, NDPC sign agreement to strengthen agribusiness value chains in Ghana

Ghana has hailed the signing of a Record of Discussion between the Government of Ghana, the Korea Development Assistance, and the Korea International Cooperation Agency (KOICA) to implement a US$9.5 million agribusiness value chain project aimed at boosting local economic development.

The agreement, which covers the Strengthening of Agribusiness Value Chains for Local Economic Development in Ghana project, was formalized at a signing ceremony on Tuesday, November 18, 2025.

Finance Minister, Dr. Cassiel Ato Forson, speaking at the event, expressed appreciation to the Government of Korea, KOICA, and the National Development Planning Commission (NDPC) for the collaboration that made the initiative possible.

He noted that the grant will help reduce post-harvest losses, enhance productivity, create jobs, and build institutional capacity through the construction of processing centres and comprehensive training for farmers, extension officers, and MSMEs.

Dr. Forson reaffirmed the Finance Ministry’s commitment to facilitating all necessary tax exemptions under the Exemptions Act, providing budgetary support, and ensuring strong oversight to guarantee smooth implementation.

Director-General of NDPC, Dr. Audrey Smock Amoah, described the project as critical to improving productivity, reducing post-harvest losses, and promoting food and nutrition security.

She said the initiative aligns with the government’s priorities in agricultural modernization, job creation, and local economic development, adding that the partnership reflects an effective model for agribusiness-led growth.

Dr. Amoah also lauded KOICA for its longstanding support to Ghana, highlighting the Commission’s gains in capacity building, knowledge exchange, and project implementation over the years.

Korean Ambassador to Ghana, Park Kyonsig, reaffirmed Korea’s commitment to supporting Ghana’s economic transformation.

He said the project marks an important step in deepening development cooperation, noting that improved processing, stronger market systems, and better linkages between farmers and enterprises will drive innovation and rural growth.

Drawing on Korea’s development experience, he expressed confidence that the partnership will deliver long-term benefits.

The project will be implemented in the Volta and Central Regions, with the Ministry of Food and Agriculture (MoFA) and the Ministry of Trade, Agribusiness and Industry (MoTAI) as key partners.

NDPC will lead coordination, while KOICA provides oversight to ensure lasting impact.

Story by: Joshua Kwabena Smith