• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Ghana CARES Economic Enclave Project to address structural challenges in economy – Finance Chief says

3 years ago
in Business, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
88
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Ghana CARES Economic Enclave Project to address structural challenges in economy – Finance Chief says

The country’s Finance Chief, Ken Ofori-Atta, has described the Economic Enclave Project (EEP) as a watershed moment in Ghana’s economic history.

According to the Finance Chief, the EPP through the Ghana CARES programme would provide a catalytic framework to holistically address the structural challenges in the economy by shifting Ghana from import-driven to a self-sufficient and export-oriented economy.

The Economic Enclave Project under the Ghana CARES programme is a 10,000-acre mixed-use economic space which seeks to create a viable ecosystem for the private sector to engage in commercial farming.

The objective is to significantly expand Ghana’s productive capacity in rice, tomato, maize, soya, vegetables, and poultry. The EEP complements existing government agriculture initiatives (e.g. Planting for Food and Jobs and Rearing for Food and Jobs) as a targeted effort to assist the private sector to engage in commercial agriculture.

About 200,000 jobs (105,000 direct and 95,000 indirect jobs) are expected to be created by the EPP for unemployed youth, which would also provide them with a decent source of income, with beneficiaries undergoing mandatory training on good agronomic practices in rice production, group dynamics and entrepreneurship.

Mr. Ofori-Atta extended government’s invitation to individuals, private sector actors, organised groups, churches, traditional leaders, and financial institutions who could secure or own 1000 acres and above, to come on board.

RelatedPosts

Shipping Giant, Maersk ends Direct US Trade Route to Africa’s Largest Economy

Africa’s Biggest Stock Exchange Considers Extending Trading to 24 Hours

Lewis Hamilton’s Future at Ferrari in Question After Tough Hungarian GP

“We will provide support such as land development and facilitate access to credit, including the recently approved 500million from the Development Bank Ghana” he assured.

“This is a real and collective effort to replicate the images of the mass land of cultivated fields we see while flying over other countries that are characterized as the “food baskets” of the world”, he added.

He further pointed out that the project would also help the country improve its food security and enable it to eventually optimize the single market opportunities that the African Continental Free Trade Area (AfCFTA) offered.

The implementation of the EEP is led by the Millennium Development Authority together with the key partnership of the Ministry of Finance, Ministry of Food and Agriculture, Ministry of Defence, Ministry of Energy, Ministry of Roads and Highways, Ministry of Lands and Natural Resources and the Ghana Irrigation Development Authority.

The rest are National Entrepreneurship and Innovation Programme; Ghana Incentive-based Risk-Sharing System for Agricultural Lending, Private Agriculture Value Chain Actors, MasterCard Foundation and the Youth.

The project is expected to be extended to the Greater Accra, Ashanti, Central, Western North, Savannah and Oti regions.

Tags: DebtGhana CARES Economic Enclave Project to address structural challenges in economy – Finance Chief saysIMF
No Result
View All Result

Highlights

Transfer DealSheet: Latest on Benjamin Sesko, Nicolas Jackson and More

Gov’t Targets 650,000 Tonnes of Cocoa Production for 2025/26 Crop Season, Eyes 1 Million Tonne Output in the Long-term 

Shoprite to Exit Ghana and Malawi Sharpening Focus on Core South African Market

Gold Fields Forecasts Total Gold Production of 2.4 Million Ounces for 2025

Gold Fields Projects 236% Rise in H1 Profit on Strong Output and Record Gold Prices

Price, Power, and Policy: A Legal and Economic Examination of the DSTV Pricing Dispute in Ghana

Trending

Business

Shipping Giant, Maersk ends Direct US Trade Route to Africa’s Largest Economy

August 5, 2025

Shipping Giant, Maersk ends Direct US Trade Route to Africa’s Largest Economy South Africa, the continent’s largest...

Africa’s Biggest Stock Exchange Considers Extending Trading to 24 Hours

August 5, 2025

Lewis Hamilton’s Future at Ferrari in Question After Tough Hungarian GP

August 5, 2025

Transfer DealSheet: Latest on Benjamin Sesko, Nicolas Jackson and More

August 5, 2025

Gov’t Targets 650,000 Tonnes of Cocoa Production for 2025/26 Crop Season, Eyes 1 Million Tonne Output in the Long-term 

August 5, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

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

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.