“Finance Ministry Released GHC 278.57 Million To MoFA” – Ken Ofori-Atta
The Finance Ministry, according to the Finance Minister, Ken Ofori-Atta, said GHC 278million has been released to the Ministry of Food & Agriculture to support the Planting for Food and Jobs Programme (PFJ), out of the GHC 485.9million requested.
Speaking on the floor of Parliament, Mr. Ofori Atta further indicated that government has released an outstanding GHC 86.31million to settle arrears owed persons under the programme.
“Mr Speaker, at the end of 2021, an amount of GHC 86.31 million was outstanding under the PFJ programme. This amount has now been released to MoFA for payment. This year, MoFA has requested an amount of GHC 485.90 million for payment under the PFJ. An amount of GHC 278.57 million has subsequently been released to MoFA”, the Minister said.
The Minister also disclosed that the newly established Development Bank Ghana is in the process of signing a memorandum of understanding with the Agricultural Development Bank to address the challenge of access to long-term finance for farmers.