Yokohama, Japan – Ghana has secured a $100 million investment to boost agricultural transformation through artificial intelligence, President John Dramani Mahama announced at the ongoing Tokyo International Conference on African Development (TICAD).
The commitment comes from Degas Limited, a Japanese company led by CEO and founder Doga Makiura. The investment, to be rolled out over the next four years, will support Ghana’s ambition to become a leading AI-powered agricultural hub in Africa.
Degas has already provided financing to more than 86,000 smallholder farmers cultivating 122,000 acres of farmland in Ghana. According to the company, its digital platform has doubled farmers’ incomes while maintaining a 95% loan repayment rate.
The partnership will deploy AI-driven satellite monitoring and precision agriculture technologies to strengthen value chains from farm inputs to markets. President Mahama emphasized that the initiative will not only enhance food security but also create new opportunities for employment, particularly for young people.
“This investment marks a major step forward in our quest to modernize agriculture, empower smallholder farmers, and secure a brighter future for Ghana’s youth,” the President stated.
The announcement highlights Ghana’s strategy to leverage innovation and technology in tackling food insecurity and driving inclusive economic growth.
