President John Dramani Mahama has pledged to provide agricultural credit at single-digit interest rates for farmers, declaring that the current high-cost loans force farmers to “work for the bank, not for themselves.”
The announcement came during his address at the 2025 National Farmers Day celebration in Ho, where he also highlighted a dramatic fall in national food inflation from 28.3% in January to 9.5% as of October.
Under the theme “Feed Ghana, Eat Ghana, Secure the Future,” the President launched a comprehensive new agricultural blueprint, the “Feed Ghana” programme.
The initiative aims to modernise farming, create jobs, sustain lower food prices, and drive rural industrialisation.
“A sustained transformation requires well-designed, comprehensive, and sequenced interventions,” President Mahama stated.
“The Feed Ghana programme embodies exactly this approach.”
Key pillars of the “Feed Ghana” programme include: Developing value chains for key crops and livestock, expanding irrigation infrastructure, establishing nationwide farmer service centres, and enhancing storage facilities and agro-processing capacity.
The President argued that affordable financing is critical to boosting production and securing long-term national food security.
He framed the single-digit credit pledge as a direct intervention to increase farmers’ profits and self-sufficiency.
The event, chaired by Agbogbomefia Togbe Afede XIV, marked the return of the National Farmers Day celebrations to the Volta Regional capital for the first time since 2019.
The ceremony featured an exhibition of agricultural produce, local cuisine, and cultural displays, underscoring the sector’s central role in Ghana’s economy and identity.
