Half of Ghana’s entire labor force depends on agriculture to make a living – AGRA

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Areport by the Allaince for a Green Revolution in Africa (AGRA) has said that almost half of Ghana’s entire labor force depends on agriculture to make a living.

The report said Agriculture contributes to about 20% of the country’s GDP and accounts for over 40% of export earnings, while at the same time providing over 90% of the food country’s needs.

“But Ghanaian agriculture struggles to keep up with modernization. The country’s agricultural ecosystem is predominantly smallholder, traditional and rain-fed, and has yet to take full advantage of the latest developments in technology to boost production. Agriculture has the potential to be one of the leading sectors for a more diversified economy.

“It can also be transformed to be an engine of growth and job creation with the current increase in the use of technology (such as drones and mobile phones). Seeing the potential to drive inclusion, AGRA, through its Financial Inclusion for Smallholder Farmers in Africa
Project (FISFAP), is exploring avenues for maximizing the success of digital and agent channels within Ghana’s agricultural ecosystem,” the report said.

Developing more collaborative models

In June 2019, AGRA engaged SIA to explore how FISFAP partners can develop more collaborative and commercially-feasible rural outreach models. To do so, SIA interviewed seven FISFAP partners at three different levels — regional managers, agents and field officers, and rural customers — to better understand outreach models, gaps, weaknesses, and opportunities. Partners included: Advans Ghana, a Savings and Loans Company offering tailored financial services (inputs loans, savings, m-banking) to smallholder farmers (SHFs) in the cocoa, rice and maize value chains

AgroCenta, a digital commodity trading and supply platform provider offering inputs
financing, digital savings, and micro-lending in partnership with Pan-African Savings and

Agro Africa and Trotro Tractor Ltd. (TTL), agricultural mechanization service provider
and tractor outsourcing companies that increase the efficiency and effectiveness
in the “uberization” of agriculture mechanization service delivery to rural farmers cultivating rice, soybean, maize, and cassava.

Farmerline, an agricultural technology company that provided northern agribusinesses and SHFs with digital bulk payment solutions, which allowed bulk disbursement and collection of funds through mobile money wallets.

Success for People Microfinance (SFP), a deposit taking microfinance which developed
an integrated and mobile-enabled “Good Receipt Note” financing scheme to help SHFs
manage their liquidity after harvest. They also promote and market Good Receipt Note
financing for SHFs to store their produce.

By Laudbusiness.com|Ghana


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