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7 December 2017 | Business & Finance

ADB Sets Up Agric Desk In 36 Branches

GNA
ADB Sets Up Agric Desk In 36 Branches

The Agricultural Development Bank (ADB) has reiterated its unbridled support to farmers across the country with the setting up of dedicated a desk to deal with issues related to Agriculture in all the ten regions.

Dr. John Kofi Mensah, Managing Director of the Bank, at the recent National Farmers' Day in Kumasi on December 1, said the bank had created special agricultural desk in 36 of the 78 branches nationwide.

'The setting up of the desk is to dedicate a staff to deal with issues of agriculture from our farmers who need advice on agricultural related matters, 'he said.

Dr Mensah said the initiative was part of efforts by the bank to bring banking closer to the farmers. 'From next year the bank will also begin the process of tailor made loan facilities for farmers. We will have special interest on loans for specific sectors within the agricultural sector," he said.

The Managing Director indicated that the bank would continue to support the sector as the major backbone of the economy and ensure that the country becomes food sufficient within the shortest possible time.

"The government has shown a strong commitment towards the agricultural sector and as a bank we are going to ensure that we provide the necessary financial packages to make the planting for food and jobs and other agricultural related initiatives successful," he said.

According to him, ADB Bank was the only Bank in Ghana fully committed to the agricultural value chain and would continue to give the sector the necessary support to make it grow.

'The Bank is currently the best in Agricultural Financing in the country and we won the 2016 National Banking Awards. Over the past five years the Bank has committed more than Five Hundred Million Ghana Cedis (GHȼ500 million) to the growth of the sector and remains the platinum sponsor of the National Farmers Day Celebration.'

GNA

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