Ghana is set to become Africa’s first AI-powered agricultural hub following a landmark $100 million investment from Japanese agri-tech company Degas Limited. The four-year commitment was announced during a meeting between President John Dramani Mahama and Degas CEO Doga Makiura at the Ghana Presidential Investment Forum in Yokohama, Japan, coinciding with the Tokyo International Conference on African Development (TICAD 9).
Degas Limited has been operating in Ghana since 2019, providing financial support to over 86,000 smallholder farmers across 122,000 acres of farmland. The company’s AI-driven platform combines satellite monitoring and precision agriculture techniques to optimize planting, irrigation, pest control, and harvesting. This approach has resulted in doubled farmer incomes and a 95% loan repayment rate.
The new investment will scale these technologies, enabling farmers to boost yields, reduce risks, and access affordable financing. President Mahama described the commitment as a “strong vote of confidence in Ghana’s vision for integrated, technology-enabled agriculture.”
This initiative positions Ghana as a key entry point for Japanese investors exploring West African markets, with over 100 Japanese companies expressing interest in new ventures at TICAD 9. Degas’s integrated approach is now considered a model for agricultural investment in Africa.
The partnership underscores the growing role of technology in transforming agriculture and enhancing food security in Africa.
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