Ghana’s agricultural sector has received a significant boost with a $100 million investment pledge from Degas Limited, a global agri-tech company that uses artificial intelligence to support smallholder farmers. The announcement was made following a meeting between President John Dramani Mahama and Doga Makiura, CEO and founder of Degas.

The investment, set to roll out over the next four years, is aimed at transforming Ghana into Africa’s first AI-powered agricultural hub. It builds on Degas’ track record of financing more than 86,000 smallholder farmers across 122,000 acres of land, where incomes have doubled and repayment rates have reached an impressive 95%.

President Mahama described the move as a strong vote of confidence in Ghana’s vision for technology-driven agriculture.

“This is a strong vote of confidence in Ghana’s vision for integrated, technology-enabled agriculture—and we are ready to deliver,” he said.

Smallholder farmers form the backbone of Ghana’s food systems, yet many face challenges in accessing quality inputs, credit, and training. Degas has stepped into this gap by providing farmers with fertilizers, seeds, and technical support, while also training them to maximize yields. Farmers repay by delivering part of their harvest and keep additional income from surplus sales.

Since its inception, Degas has financed more than 64,000 farmers globally, with many seeing their incomes double. But as the company scaled across Ghana, monitoring thousands of fields in real time became a daunting challenge.

The solution came through AI-powered satellite imagery, enabling the remote monitoring of farms at scale. Degas has since built a world-class team of machine learning experts and satellite engineers, creating some of the most advanced geospatial AI models in the world to track crop growth, optimize resources, and predict yields.

The $100 million investment is expected to not only modernize Ghana’s value chains, from farm inputs to market access, but also improve food security and create thousands of new jobs for the country’s youth.

For Ghana, this partnership represents more than just an infusion of capital. It positions the country at the forefront of Africa’s tech-enabled agricultural revolution, where precision farming and AI-driven monitoring could redefine food production on the continent.