Agriculture can power the economic transformation of African countries, according to a new report from the Ghana-based African Center for Economic Transformation (ACET), founded by former Executive Secretary of the UN Economic Commission for Africa, K.Y. Amoako. The report has been backed by African finance ministers and will be launched at the World Bank Annual meetings today.

Modernising African agriculture will require policies to boost farm productivity and strengthen the sector’s links with the rest of the economy. To achieve this, African countries must overhaul their land tenure systems and support farmers by making new technologies accessible, reducing business risk and educating them as business people. These reforms could trigger an economic transformation with benefits far beyond the sector, stimulating growth in manufacturing and related services, whilst driving down food prices and raising disposable incomes. Continue reading African Finance ministers endorse ACET call for transformation of African agriculture to drive growth →