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 Ghanaâ€™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.