Ghana has secured a $100 million investment from Japanese agric-fintech startup Degas Limited to establish Africa’s first AI-powered agricultural hub, a project the government described as groundbreaking.
The commitment, announced on Friday, will be spread over the next four years to help scale the hub and expand support for smallholder farmers nationwide, Peoples Gazette reported.
“Degas Limited has announced a $100 million investment over the next four years to help establish Ghana as Africa’s first AI-powered agricultural hub,” the government statement said.
The investment will allow Ghana to expand a model that has already supported more than 86,000 smallholder farmers across 122,000 acres, including implementing satellite-enabled crop monitoring and precision agronomy services.
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“Ghana has shown that when technology meets a clear national vision, smallholder farmers can thrive,” said Doga Makiura, CEO and founder of Degas Limited, during a meeting with President John Dramani Mahama at the Ghana Presidential Investment Forum.
He added, “Our $100 million commitment will scale AI-driven satellite monitoring and precision agriculture techniques so farmers can boost yields, reduce risk, and access fairly priced finance. We’ve already seen incomes double with a 95% repayment rate from the farmers.”
President Mahama said the investment demonstrates the potential of Ghana’s agricultural sector and the role AI can play in improving productivity.
“This investment reinforces our commitment to integrated agricultural value chains that connect farmers to markets, finance, storage, and processing. By leveraging AI and precision technologies, we will improve productivity, enhance food security, and create dignified jobs for youth across rural communities,” he said.
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