(Ecofin Agency) - Central Bank of Ghana just announced the provision of $100 million the agricultural sector. According to the governor of the institution, Dr Abdul Nasir Issahaku, the deal will help boost the sector’s performances.

Funding will be injected in reduction mechanisms associated to loans to agricultural industry. CBG is thus to push commercial banks across the country to fund the sector through a better risk management, technical support to producers and action on interest rates. Central bank’s support will be provided via an initiative conducted in partnership with the Alliance for Green Revolution in Africa (AGRA).

The program is inspired mostly of what is being done in Nigeria and Kenya, Abdul Nasir Issahaku revealed. According to the official, the target aimed, in case successful, is to raise more funds to support agriculture in Ghana.

Aaron Akinocho