IFAD's strategy in Ghana
IFAD's overarching objective in Ghana is to reduce poverty in line with the Government's economic development strategy. Since it began operations there in 1980, IFAD has approved US$271.5 million in loans and grants to support 17 projects and programmes worth a total investment cost of US$782.7 million.
Ghana has the third largest IFAD country programme in the West and Central Africa region. The programme contributes to building inclusive and sustainable institutions, backed by pro-poor investments and policies as well as relevant innovation and learning. IFAD supports the main thrusts of the Government's Ghana Shared Growth and Development Agenda – including accelerated agricultural modernization, sustainable natural resource management and enhanced private-sector competitiveness. Its work also aligns with Ghana's Medium-Term Agriculture Sector Investment Plan (METASIP) on food security, income growth and other programme areas related to rural poverty reduction.
IFAD-financed projects in Ghana develop models enabling small rural entrepreneurs to overcome their constraints, enhance their asset base and become more competitive. Participatory planning, testing, monitoring and evaluation of the financial, economic and environmental outcomes of these projects are integral to IFAD's approach. The business advisory centres promoted by the IFAD-supported Rural Enterprises Programme, for example, show how structures implemented at the district level can be replicated and scaled up through testing, learning and refinement.
The country programme helps entrepreneurial poor people respond to livelihood opportunities in their communities, targeting women, small farmers and, in particular rural young people. Investment priorities are based on market demand and opportunities for public-private partnerships.
With the establishment of a country office in Ghana in 2011, IFAD's collaboration with government agencies, civil society, farmers' organizations, development partners, the corporate private sector, academia and research institutions has significantly increased. IFAD is engaging in policy dialogue and knowledge management to build links with its partners' programmes to foster complementarity and synergy between IFAD-funded projects and other interventions, and with the aim to scale up the impact of its investment in Ghana.