Audio By Carbonatix
President John Evans Atta Mills on Friday appealed to commercial banks operating in the country, to reconsider their collateral demands in favour of small scale farmers, to boost agricultural production.
He said agriculture remains high on the government's development agenda and entreated the commercial banks to support the sector with flexible terms of credit to small scale farmers and entrepreneurs.
President Mills made the appeal when Mr. Andy Ojei, out-going chief executive officer of Zenith Bank led a delegation to pay a courtesy call on him at the Osu Castle in Accra.
Emphasizing government's "Better Ghana" agenda to create prosperity for all, President Mills assured the banks of government's support and co-operation to improve the living standards of the people in an atmosphere of openness, transparency and honesty.
He underscored the importance of agriculture in the nation's economy as a very high contributor to the Gross Domestic Product, employment generation and a base for agro-industry and foreign exchange.
President Mills observed that it has been difficult in most cases for small scale farmers and businesses to raise the collaterals required to enable them expand their operations.
He said the market has also been flooded with imported foods and items with negative consequences on the development of local agriculture and industry.
However, President Mills said the economy is ready to take-off for national prosperity having used the first year to stabilise inflation and other indicators of growth.
He assured Ghanaians that the journey of four years would end on a happy note as government would build on the gains achieved in the first year.
President Mills commended management of Zenith Bank for its contribution to the Ghanaian economy and good services and winning the Bank of the Year Award for 2008, although it had operated in Ghana for some few years.
He assured the Management of Zenith Bank and the banking community of government's co-operation to support the small and medium scale enterprises.
President Mills urged them to continue to operate within the rules for continued mutual assistance and co-operation to create prosperity for all.
He expressed the hope that Management of the Bank would continue to provide quality service to its clients and wished Mr. Ojei and his successor, Mr. Daniel Asiedu, well in their endeavours.
Mr. Ojei commended government for its pragmatic interventions that had stabilised the economy.
He said Zenith Bank (Ghana) and its parent Zenith Bank (Nigeria) would continue to collaborate with the expectation that the bank would continue its quality service to become a leader in banking in Africa.
Mr. Ojei, whose four-and-a-half-years duty tour of Ghana ended last December, now joins the Board of Directors of Zenith Bank.
He pledged to readily put his expertise at the disposal of his successor.
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
-
Eid should be an opportunity to strengthen unity, peace—Muntaka
16 minutes -
African Forest Forum, AGRA and Ethiopian Forest Development push for deforestation-free trade and green jobs
41 minutes -
MoMo-to-Bank charge is not E-Levy in any form—Dafeamekpor
44 minutes -
Outstanding teacher and nurse arrears to be paid in four instalments – Controller and Accountant-General
48 minutes -
African Climate Foundation calls for Africa-led climate action amid growing climate threats
55 minutes -
Defection as a tool of conflict: Riyadh’s movements in Sudan come to light
59 minutes -
‘You are not refugees’ — Ablakwa outlines support ahead of Ghana evacuees’ arrival
60 minutes -
Dafeamekpor confirms Ohene Kwame Frimpong under fraud and money laundering investigation in Netherlands
1 hour -
Bail application filed for detained MP Ohene Kwame Frimpong — Dafeamekpor
1 hour -
Only Parliament can impose taxes and levies — Dafeamekpor
1 hour -
Mystic Twins Foundation continues to bring hope to marginalized communities
2 hours -
Dafeamekpor confirms NDC still pursuing election petition involving wife’s constituency
2 hours -
Dafeamekpor explains why he keeps family life private despite wife’s political career
2 hours -
Kwame Dadzie: Don’t spend government’s GH¢5 million to film sector
3 hours -
Former Accra Mayor Blankson endorses Wontumi for NPP national chairmanship
4 hours