Govt working on measures to protect agric - Prez Mahama

The President, Mr John Dramani Mahama, has said that the government is working to enforce financial discipline with the aim of bringing down inflation and making the cost of borrowing less expensive.

The rationale behind such a move, he explained, was to make borrowing more affordable, not only for agriculture but also all the other sectors. 

President Mahama was answering questions at a joint news conference after opening the 38th Session of the Governing Council of the International Fund for Agricultural Development (IFAD) in Rome last Monday.

The conference was also addressed by Mr Kanayo F. Nwanze, the President of IFAD. 

President Mahama said the high interest rate resulting from micro-economic instability was a contributory factor to the high cost of borrowing.

However, the government would not fold its arms to allow the phenomenon to negatively affect the progress made in the agricultural sector so far, hence the measures to salvage the