Petroleum fund investment benefits Ghanaian peasant farmers – report


As Ghana intends to reinvest its earnings from petroleum exports into other parts of the economy a report issued here late Tuesday revealed that peasant farmers in parts of the country have had positive impact from some of these investments.

The Impact Evaluation of ABFA Funded Projects issued by think tank, Africa Center for Energy Policy (ACEP) said one of such projects-a dam at Dawa 68 km east of the capital rehabilitated at the cost of 0.57 million Ghana cedis from the Annual Budget Funding Amount (ABFA) had yielded benefits to farmers

In his presentation, senior programs officer at ACEP Theophilus Adoko said due to the rehabilitation of the dam farmers could now carry out an all-year round farming instead of depending on rainfall for farming as is the case generally in Ghana.

“There has also been the case of farmers generating extra income as a result of farming activities that continued to go on in the dry season,” Adoko stated.

The Dawa Irrigation dam was constructed in 2011 but the wall breached in 2013 necessitating the rehabilitation that same year.

ACEP and other civil society organizations have been carrying out Value Fr Money (VFM) audit on oil funded projects to ensure that projects financed by the state from petroleum revenue yielded the needed dividends to the country.

“The continuous farming by some of the farmers, even in the dry season, and this encourages farmers to plant more,” he observed.

The official encouraged the Irrigation Development Authority (IDA) put in place measures to ensure that the maintenance was carried out on the dam to sustain the livelihoods of the people.

The farmers cultivate crops such as pepper, watermelon, tomato and okra all year round and supply to nearby markets and in the capital.

However, on the flip side the situation in another community where investment had been released for construction or rehabilitation works is different.

Head of programs at ACEP, Alhassan Iddrisu pointed out that the VFM was very critical since it reveals where good work was being done and also identify areas where projects meant for improving the living conditions of the people have been abandoned.

He urged government to take action on all abandoned projects across the country as identified in the report and ensure their completion for the full benefit of the communities. Enditem

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