Audio By Carbonatix
The Agricultural Development Bank (ADB), has outlined measures to increase and expand its microfinance credit facility to cocoa and other cash crop farmers to expand their farms to increase production.
The bank has also extended a similar facility to small and medium scale entrepreneurs in the Agona West and East, Awutu-Senya, Effutu and Gomoa West Districts to improve their businesses in line with the government’s poverty reduction strategy.
This was stated by Mr Dickson Addae, Swedru Area Manager of the Bank, who spoke to the Ghana News Agency (GNA) on Saturday at Agona Swedru in the Central Region.
He said the bank had increased the number of women groups engaged in gari processing and other income generating ventures in the area, adding that, credit facilities had been increased to promote their businesses.
Mr Addae noted that the bank being agricultural oriented, had targeted oil palm, citrus, Cassava and inland valley rice farmers in the four districts for assistance.
He stressed that young farmers aged between 18 and 35 had been grouped and extension officers from the Ministry of Food and Agriculture (MOFA) tasked to train them in modern farming methods.
The Manager said Automatic Teller Machines (ATMs) would soon be installed at the Agona Swedru Branch to enable customers to have access to their account throughout the day and to reduce time wasting.
He said the Winneba Agency of the bank would soon be upgraded to a branch to enable it to serve its numerous customers, especially University students.
The government had also chosen the Bank as one of the main organizations for the disbursement of the Millennium Challenge Account (MDA), which would take off in June this year.
Source: GNA
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
NPA pushes back on proposals to scrap Fuel Price Floor Policy
25 minutes -
Stanbic Bank, Asere-Amartse chiefs deliver sustainable water solution to St. Mary’s Anglican Primary School
37 minutes -
Ghana’s macroeconomic gains has renewed investor confidence – Stanbic Bank’s Sydney Tetteh
49 minutes -
Policy stability, currency strength and regulatory reforms key to attracting investors – Stanbic Bank
1 hour -
Stanbic Bank Ghana begins 2026 with thanksgiving service; reaffirms support for Ghana’s economic recovery
1 hour -
Nigerian imam honoured for saving Christian lives dies aged 90
1 hour -
What a seventh term for 81-year-old leader means for Uganda
2 hours -
AFCON: ‘Shameful’ and ‘terrible look’ – the chaos that marred Senegal’s triumph
2 hours -
Rashford scores but Barca lose to 10-man Sociedad
2 hours -
Diaz will ‘have nightmares’ over ‘Panenka’ failure
2 hours -
Tragic death of Chimamanda Adichie’s young son pushes Nigeria to act on health sector failings
2 hours -
‘I want to show the world what Africa is’: YouTube star brings joy and tears on tour
3 hours -
‘An ambassador for African football’ – Mane is Senegal’s Afcon hero
3 hours -
‘Europe won’t be blackmailed,’ Danish PM says in wake of Trump Greenland threats
5 hours -
Three admit £70m tree planting pension fraud in UK
5 hours
