in Short

Ghana: Government to compel banks to lend to farmers

Dr Owusu Afriyie Akoto, Minister for Food and Agriculture has hinted at the passage of a bill which would compel commercial banks in the country to award a significant percentage of their loan facilities to agricultural players.

According to Dr. Owusu Afriyie Akoto, he’s resorting to this drastic measure in response to the failure of the banks to help alleviate the plight of farmers particularly poultry farmers as the cost of production sky rockets.

“It is rather the commercial banks who are dealing with these farmers who should know that they have their customers whose cost of production have gone up and therefore to support them with credits which the banks are not doing,” he said on JoyNews’ PM Express.

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