Business News of Wednesday, 25 March 2026

Source: www.ghanaweb.com

World Bank rolls out $12 million poultry fund, targets cocoa comeback with $75 million

Dr Ashwini Sebastian is an agricultural economist with the World Bank Dr Ashwini Sebastian is an agricultural economist with the World Bank

The World Bank has disclosed that it has secured about $12 million to support the poultry sector.

Speaking at the World Bank Civil Society Organisation (CSO) engagement on food security, held at the World Bank premises on March 24, 2026, an agricultural economist with the World Bank, Dr Ashwini Sebastian, indicated that the funding is intended to cushion commercial poultry farmers.

According to her, although the World Bank has secured the funding, the organisation still requires additional support to address some of the challenges facing the poultry sector.

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“We spoke about the poultry interventions. We have a $12 million intervention for commercial poultry farmers, and it is designed to be a revolving fund so it can continue to grow. We just need some support to address some of the bottlenecks we are encountering,” she said.

She further noted that the organisation has also secured an additional $75 million to support a cocoa rehabilitation programme.

“We have another programme worth $200 million focused on tree crops. You may have heard recently that President Mahama mentioned the need to accelerate the distribution of cashew seedlings for planting.

“We are also undertaking cocoa rehabilitation, which is one of my favourite programmes. We are investing nearly $75 million to rehabilitate 25,000 hectares of cocoa farms affected by disease. Our target is to complete 5,000 hectares by July,” she added.

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