The loan facility will be used to purchase agricultural equipment and tools for farmers. This initiative is expected to strengthen the competencies of small-scale farmers, and thereby lower food imports and improve food security, reported Ghanaweb.com.
Gala said that Ghana should invest massively in technology over the next 30 years in order to transform the agriculture sector in the country.
Meanwhile, Brazil will be also participating in FAGRO - a marketing and networking platform designed to attract businesses to invest in Ghana's agricultural sector. It will be held from 23 to 25 August 2012 in Accra.
Nearly 15 Brazilian companies, belonging sectors such as machinery, feeds, fish, cattle and other animals, are expected to participate in FAGRO.
