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Banks accused for their low support to farmers

A maize farmer at Vui in the Keta Municipality of the Volta Region, Mr. Johnson Kpegoro has complained for lack of financial assistant from banks and financial institutions.

He said financial institutions such as Agricultural Development Banks (ADBs) have diverted their packages and services into different investments instead of sticking to their primary mandate by investing into the agricultural sector to assist farmers.

“Agricultural Development Banks should reconsider their core responsibilities. By their names, they are to assist farmers and nothing else but now they have change,” he lamented.

The farmer who was speaking in an interview with Rite FM on some challenges farmers go through in the farming business said; “farming is capital-intensive and we cannot farm without financial assistant or loan.”

He has therefore pleaded with the government to invest into the agricultural sector by creating new credit financial avenues to assist farmers because agricultural is regarded the bedrock of the economy.

“Agricultural is the bedrock of our economy and it should be government’s priority to pay serious attention to it,” he said.

Source: Prince Paul Amuzu/ritefmonline.org

 

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