ADB MD lauds Feed Ghana initiative
The Managing Director of the Agricultural Development Bank (ADB) PLC, Edward Ato Sarpong, has commended the government for its Feed Ghana initiative, describing it as a transformative intervention aimed at boosting agricultural productivity while creating employment opportunities across the country.
He noted that the initiative resonated with ADB’s agenda of supporting national development through sustainable investment in agribusiness.
Feed Ghana Initiative
“The initiative aligns with ADB’s new tagline, Beyond Banking…, which reflects the bank’s unwavering commitment to delivering added value that reaches beyond traditional financial services,” Mr Sarpong said in an interview with the Daily Graphic.
The Feed Ghana Initiative, under the Ministry of Food and Agriculture (MoFA), is focused on expanding agricultural production and ensuring a stable supply of raw materials to support the growth of agro-industries.
It is also designed to generate thousands of jobs for the youth and agripreneurs, as well as contributing to the country’s economic transformation.
Purpose
“Our purpose as a bank is not only to finance agriculture, but to be part of the broader transformation of lives and livelihoods.
"Feed Ghana is precisely the type of initiative that will motivate us to innovate, make more deliberate investments, and accompany farmers, processors and agri-SMEs on their path to growth and expansion," Mr Sarpong added.
Mr Sarpong indicated that the bank would effectively collaborate with the government and MoFA to support projects under the initiative, which covered areas such as grains and legumes development, smart agriculture, vegetable development project, institutional farming, the poultry sector initiatives, livestock development, cocoa industry project, cotton production expansion and oil palm industry development.
“I strongly believe that the programme will strengthen the agric value chain by ensuring that agricultural produce is efficiently processed into food products and industrial inputs, help reduce post-harvest losses and enhance food security in Ghana,” the MD stated.
ADB readiness
He further hinted at ADB’s readiness to serve as a key partner in actualising those initiatives through tailor-made financing solutions, technical and advisory support and capacity-building interventions.
“We are already exploring new financing schemes and collaborations that will enable us to meet the unique needs of agribusinesses under the Feed Ghana Programme,” he said.
He said the bank was repositioning itself to efficiently provide universal product offerings and digital banking solutions that best served the evolving needs of the customers and the general public.
Mr Sarpong said the bank recently launched its new corporate tagline called “Beyond Banking”, which was anchored on strategic partnerships and exceptional relationship management, customer experience, among others.
