In August 2006, the Millennium Challenge Corporation signed a five-year, $547 million compact with the Republic of Ghana aimed at reducing poverty by raising farmer incomes through private sector-led and agribusiness development. MCC investments are intended to increase the production and productivity of high-value cash and food staple crops in some of the poorest regions and enhance the competitiveness of Ghana’s agricultural products in regional and international markets. The compact in Ghana entered into force (EIF) in February 2007, formally initiating the five-year timeline for project implementation.
In early 2009, this compact was modified to better respond to farmer demand for services and increased project costs.
For the most up-to-date information on implementation progress, please read the Quarterly Status Report.