Government Signs Three World Bank Funded Projects Totaling US$210 Million

The Minister of Finance and Economic Planning, Dr Kwabena Duffuor has signed three World Bank funded projects: Ghana Commercial Agriculture Project (US$100 million), West African Agriculture Productivity Program (US$60 million) and Urban Water project (Additional Financing of US$50 million), totaling US$210 million to support the Government of Ghana�s efforts to sustain economic growth, and maintain its middle income status. The Commercial Agriculture Project seeks to facilitate access to land, strengthen Ghana�s investment promotion infrastructure for attracting agri-business investors, and promote public private partnerships and small-holder linkages in the Accra Plains the SADA Zone. The West African Agricultural Productivity Program (WAAPP) is a regional project designed to to scale-up the generation, dissemination and adoption of improved technologies in Ghana�s priority agricultural commodity areas aligned with the sub-regions top agricultural commodity priorities. In order to reach this objective, the Project will strengthen regional cooperation in generation of technology, and scale-up dissemination and training programs focused on regional and national priority commodities. Whiles the additional financing of US$50 million to Urban Water Project, is to support the ongoing Urban Water Project, being financed by the Bank with a US$103 million grant. It will allow the completion of the original project activities that have suffered from unanticipated cost overruns and financing gap (US$42 million) and implement additional activities that would scale up the project�s impact (US$8 million).