Some farmers have stated their intention to buy shares
in the Agricultural Development Bank (adb) once the bank is allowed to float its shares on the market.
The farmers say the decision to make the ownership of the bank public is a good one and should go ahead.
According to the farmers, adb served their interests and as such they should be allowed to purchase shares in order to feel part of the financial institution. The Secretary of the Ghana National Tomato Farmers Federation, Patrick Ahiabu said that they intend to buy at least 20 percent of adb’s shares once it goes public.
“This is the bank that bears the name of agriculture. We, the National Farmers and Fisherman Award Winners Association as a body on its own and the National Tomato Farmers Federation and other farming organizations in the country are now raising money to buy shares so that we the farmers will feel that we really own the Bank.
“We do not want to just be here and the whole shares will go into the hands of the Central Bank and the Government of Ghana. I think that is not good enough. I supported the decision that we the farmers can now and buy by at least 20 % of the shares of the Bank”,
Meanwhile, RITE FM News also spoke with Alhaji Mac Adam, who is a member of the national farmers and fishermen award winners association of Ghana (NFFAWAG) in an interview and he said the association has discussed the idea of buy shares from the bank but they have not approved the decision yet, adding that the president of the association has to call for a meeting before further decision will be taking.
