EXIM Bank to the Ministry of Food and Agriculture (MoFA) towards the National Farmers’ Day celebrations
By Abdul Rahman Bangura-
NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- The tractor is an LS plus 80 (80 horsepower) that arrives with the plough, boom sprayer with a lifespan of thirty years if retained well.
The subsidy is a support prize for the 1st Runner-up of the 39th National Farmers’ Day that moves toward December 1st, 2023 at Tarkwa in the Western Region.
The Bank has been financing this prize for twenty-three years now and sees financing in the Agriculture sector as important to the nation’s development, particularly summing up value through processing for exports.
Head SME Banking of Ghana EXIM Bank – Bright Evans Darko, who presented the tractor on behalf of Lawrence Agyinsam – CEO of the bank, let out the backing was to inspire hardworking growers and anglers to go on to play their critical role in the sector.
“Exim Bank has been interested in agriculture and agro processing, thereby making Ghanaian goods
competitive in the global market place. We believe that if agriculture is supported and financed well it will overall impact the development of the country’s agro-processing Darko let out the tractor would enable the winner to mechanize his or her farming practices, adding that research had shown that
mechanization saved a lot of time, and boosted productivity and yields.
Yaw Frimpong – Deputy Minister for MoFA and Chairman of the 39th Farmers’ Day Planning Committee, stated the motion by Ghana EXIM would exacerbate the sustainable way of agriculture production after receiving the tractor.
“We shall encourage them to continue doing it for the sake of our farmers because this goes a long way to
increase their productivity. All these contribute to ensuring food security,” he said.
Frimpong said we were in an era where climate change kept influencing the world and we ought to do irrigation and have pest and disease resistance crops so we could large-scale farming across the country since substantial farming would not take us anywhere.
This year’s National Farmers’ Day Celebrations provide an opportunity to highlight the importance of
sustainable agriculture practices, celebrate the contributions of farmers, and reflect on the positives.
The theme for the event is “Delivering Smart Solutions for Sustainable Food Security and Resilience,” and some organizations including OMNI Fert, New Okaff and Green Energy Ghana had donated bags of fertilizers and inputs to support the event.
For New Africa Business News (NABN) Abdul Rahman Bangura Reports, Africa Correspondent