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01.04.2009 Business & Finance

Need to establish an Agricultural Development Fund

01.04.2009 LISTEN
By gna

Government has been urged to establish an Agricultural Development Fund for farming institutions and quasi-farming institutions to source funding to facilitate their operations.

Mr Alex Seffah-Boachie, Finance and Administration Manager of AGRICARE Limited, producers of quality feed concentrates, made the appeal in an interview with Ghana News Agency (GNA), in Kumasi.

He explained that establishment of the fund similar to Ghana Education Trust Fund (GETFUND) would be a more proactive means to source funds than to be granted loans from the banks at high interest rates.

Mr Seffah-Boachie urged farmers especially those in the poultry sector to align themselves with the advocacy initiated by Private Enterprise Foundation on the need for government to set up the fund.

He assured farmers of the company's preparedness to offer free technical services at farm gates by experienced animal scientists and periodic education programmes.

GNA

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