• About
  • Advertise
  • Privacy Policy
  • Contact
Wednesday, October 8, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Ghana To Benefit From Second Phase Of FSRP-2 World Bank Financing

Stephen M.Cby Stephen M.C
August 2, 2022
Reading Time: 3 mins read
Stephen M.Cby Stephen M.C
in Economy
0
Ghana To Benefit From Second Phase Of FSRP-2 World Bank Financing

A farmer watering her plants

Ghana is set to benefit from the second phase of the West Africa regional Food Systems Resilience Program (FSRP-2) financing to increase the country’s preparedness against food insecurity and to improve the resilience of its food systems.

The total amount of $315 million in International Development Association (IDA) financing approved by the World Bank, will benefit some additional 2 million people in Ghana, Chad, and Sierra Leone.  The financing came at a moment when it is projected that approximately 38.3 million people in West Africa are in food security crisis.

“The approval of FSRP-2 and incorporation of Chad, Ghana and Sierra Leone expands impacts not just of national activities, but of targeted spill-over effects from regional activities. We are eager for this innovative program to maximize its reach across West Africa”.  

Boutheina Guermazi, World Bank’s Director for Regional Integration for Sub-Saharan Africa, the Middle East and Northern Africa

Across the targeted areas in the three countries, FSRP-2 will help to reduce food insecure people by 25%, according to the World Bank.

RelatedPosts

Ghana Seals 4th Debt Agreement with Spain – Ato Forson Targets Completion by Year-End

BoG’s $1.15bn FX Injection Sparks Clash with IMF and World Bank Over Cedi Stabilization

Ghana Beats the Odds As World Bank Boosts 2025 Growth Forecast to 4.3% — Economy on Steady Path to Recovery

Access to hydro and agrometeorological advisory services will be extended to over 400,000 food system actors, while nearly 500,000 producers are expected to adopt climate smart agricultural technologies.

worldbank logo

Moreover, about 12,000 hectares of land area will benefit from integrated landscape management practices, and intra-regional traded productions in selected value chains will increase by 30%.

“Multiple shocks, driven by climate change and environmental degradation, weaknesses of the food markets, conflicts and insecurity, Covid-19 implications, and the war in Ukraine have further deteriorated food insecurity and inflation across West Africa. FSRP-2 further expands cooperation across the ECOWAS region to ensure food security, now and into the future”. 

Ms. Massandjé Toure-Litse, the Commissioner for Economic Affairs and Agriculture ECOWAS

Scope of the FSRP-2

More specifically, the new financing will help: increase the effectiveness of agriculture and food crises prevention and management and strengthen the capacities to adapt to climate variability and change; strengthen the adaptive capacity of the food system’s productive base and make it sustainable; and  support the regional food market’s integration by linking the beneficiary countries, consolidating their food reserve systems, and strengthening the development of strategic regional value chains.

Ousmane Diagana, World Bank’s Vice-President for Western and Central Africa, said “Facilitating the trade of agricultural goods and inputs within and across national borders in West Africa is a key element to address food insecurity in the region”.

With FSRP-2, the multi-phase FRSP program now amounts to a total of $645 million of IDA (instead of the $570 million initially approved in November 2021).

The first phase of the program (FSRP-1, $330 million, approved in November 2021) launched in June 2022, brought together four countries (Burkina Faso, Mali, Niger, Togo) and three regional organizations (ECOWAS, the Permanent Interstate Committee for Drought Control in the Sahel (CILSS), and the West and Central Africa Council for Agriculture Research and Development, CORAF).

FSRP-1 aimed to implement a broad program to increase agricultural productivity, promote intraregional value chains and trade, and build regional capacity to manage agricultural risk.

It is expected that both FSRP-1 and FSRP-2 will reach a total of 4.35 million direct beneficiaries (including farmers) across West Africa, with focus on women and youth.

READ ALSO: Global Credit Ratings Upgrades Fidelity Bank’s Rating To A+

Tags: FSRP-2ghanaWorld Bank
Please login to join discussion
Previous Post

Geldex Invest Set to Train 300 Undergraduates In A Digital Finance Programme To Mark 1st Year Anniversary

Next Post

Market Capitalization and Activities Plummet on GSE

[mc4wp_form id="1264"]

Related Posts

Ghana’s Minister for Finance, Dr. Cassiel Ato Forson, and Spain’s Ambassador to Ghana, H.E. Ángel Lossada Torres-Quevedo
Economy

Ghana Seals 4th Debt Agreement with Spain – Ato Forson Targets Completion by Year-End

October 8, 2025
Cardi B Reveals Being Sole Provider for Her Three Children
Entertainment

Offset Admits to ‘Stepping Out’ on Cardi B While Married

October 8, 2025
Ghana and Brazil Forge Strong Climate Alliance Ahead of COP30
Extractives/Energy

Ghana and Brazil Forge Strong Climate Alliance Ahead of COP30 

October 8, 2025
Daniel Yaw Domelovo
General News

Ghana’s Asset Declaration Regime Outmoded – Domelovo Demands Bold Reforms

October 8, 2025
Appiah Kusi Adomako
General News

CUTS Urges Government to Reset Public Service Delivery

October 8, 2025
Former FBI Director, James Comey
USA

Comey Pleads Not Guilty To Charges Of Lying To Congress

October 8, 2025
Ghana’s Minister for Finance, Dr. Cassiel Ato Forson, and Spain’s Ambassador to Ghana, H.E. Ángel Lossada Torres-Quevedo
Economy

Ghana Seals 4th Debt Agreement with Spain – Ato Forson Targets Completion by Year-End

by Evans Junior OwuOctober 8, 2025
Cardi B Reveals Being Sole Provider for Her Three Children
Entertainment

Offset Admits to ‘Stepping Out’ on Cardi B While Married

by Esther Korantemaa OffeiOctober 8, 2025
Ghana and Brazil Forge Strong Climate Alliance Ahead of COP30
Extractives/Energy

Ghana and Brazil Forge Strong Climate Alliance Ahead of COP30 

by Prince AgyapongOctober 8, 2025
Daniel Yaw Domelovo
General News

Ghana’s Asset Declaration Regime Outmoded – Domelovo Demands Bold Reforms

by Evans Junior OwuOctober 8, 2025
Appiah Kusi Adomako
General News

CUTS Urges Government to Reset Public Service Delivery

by Silas Kafui AssemOctober 8, 2025
Former FBI Director, James Comey
USA

Comey Pleads Not Guilty To Charges Of Lying To Congress

by Comfort AmpomaaOctober 8, 2025
Ghana’s Minister for Finance, Dr. Cassiel Ato Forson, and Spain’s Ambassador to Ghana, H.E. Ángel Lossada Torres-Quevedo
Cardi B Reveals Being Sole Provider for Her Three Children
Ghana and Brazil Forge Strong Climate Alliance Ahead of COP30
Daniel Yaw Domelovo
Appiah Kusi Adomako
Former FBI Director, James Comey
[/vc_row_inner]

Recent News

  • Ghana Seals 4th Debt Agreement with Spain – Ato Forson Targets Completion by Year-End
  • Offset Admits to ‘Stepping Out’ on Cardi B While Married
  • Ghana and Brazil Forge Strong Climate Alliance Ahead of COP30 
  • Ghana’s Asset Declaration Regime Outmoded – Domelovo Demands Bold Reforms
  • CUTS Urges Government to Reset Public Service Delivery
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.