Vice President Dr. Mahamudu Bawumia has affirmed the government’s dedication to combating coastal degradation.

During his address at the University of Cape Coast’s 3rd Conference on Fisheries and Coastal Environment in Accra, Dr. Bawumia disclosed that the government has given the green light for a $150 million loan from the World Bank to combat coastal degradation.

The funds from this loan will be allocated to various projects, including the promotion of sustainable fishing and aquaculture practices, as well as the advancement of blue tourism and other economic activities.

Dr. Bawumia stressed the government’s commitment to collaborating with the private sector. He highlighted that the government has introduced various incentives to attract private investment, including tax incentives and improved access to financing.