Degas Pledges $100 Million To Make Ghana Africa’s First AI-Driven Agricultural Hub

Ghana’s ambition to lead Africa in agricultural innovation received a major boost as Degas Limited announced a $100 million investment over the next four years to establish the country as the continent’s first AI-powered agricultural hub.

The company, which has already financed more than 86,000 smallholder farmers cultivating across 122,000 acres nationwide, aims to scale its AI-driven satellite monitoring and precision agriculture model.

Speaking during a meeting with President John Dramani Mahama at the Ghana Presidential Investment Forum, Degas founder and CEO Doga Makiura explained the impact so far: “Ghana has shown that when technology meets a clear national vision, smallholder farmers can thrive. Our $100 million commitment will scale AI-driven satellite monitoring and precision agriculture techniques so farmers can boost yields, reduce risk, and access fairly priced finance.”

Makiura revealed that participating farmers have already seen their incomes double, while maintaining a 95% repayment rate on financing.

He added that the model has caught the attention of investors abroad: “Many Japanese partners now consider Ghana’s integrated approach the gold standard for agricultural investment in Africa.”

President Mahama praised the initiative, describing it as a strong endorsement of Ghana’s agricultural transformation agenda. “This investment reinforces our commitment to integrated agricultural value chains that connect farmers to markets, finance, storage, and processing. By leveraging AI and precision technologies, we will improve productivity, enhance food security, and create dignified jobs for youth across rural communities,” the President said.

The $100 million funding will expand Degas’ farmer financing, satellite-enabled crop monitoring, and precision agronomy services. It will also strengthen partnerships in input supply, logistics, and offtake, further deepening Ghana’s agricultural value chain.