Friday, May 30, 2025
NewsCenta
  • Home
  • News
    • Politics
    • Local
    • Education
    • Agriculture
    • World
  • Entertainment
    • Celebrities
    • Music
  • Lifestyle
  • Business
  • Sports
  • Tech
  • Opinion
No Result
View All Result
NewsCenta
  • Home
  • News
    • Politics
    • Local
    • Education
    • Agriculture
    • World
  • Entertainment
    • Celebrities
    • Music
  • Lifestyle
  • Business
  • Sports
  • Tech
  • Opinion
No Result
View All Result
NewsCenta
No Result
View All Result

ADB invests GH¢100m in PFJ, GH¢300m in NAFCO

admin by admin
August 27, 2022
in Business, News
0
Share on FacebookShare on Twitter

The Managing Director (MD) of the Agricultural Development Bank (ADB), Dr John Kofi Mensah, says the bank remains committed in ensuring that the agriculture sector continues to play its critical role in the national economy.

He disclosed that since the launch of the government’s flagship Planting for Food and Jobs (PFJ) programme, it had supported with GH¢100 million for the purchase of fertilisers and certified seeds.

You might also like

Wontumi under investigation for fraud and causing financial loss to the state

Wontumi investigated for fraud and causing financial loss to the state — Deputy AG

May 29, 2025
President John Dramani Mahama has reassured nursing trainees

Mahama promises to pay nursing trainee allowances in January 2026

May 29, 2025

According to him, the bank approved a total working capital of GH¢160 million last year to the National Food Buffer Stock Company Limited (NAFCO) to buy off excess produce from farmers under the PFJ to support the school feeding programme.

Dr Mensah added that within the past four years, the bank had approved a total working capital of GH¢300 million to the NAFCO to purchase mainly grains under the PFJ.

He assured the bank would collaborate with the MoFA and other stakeholders to address challenges facing the poultry industry in the country.

“We remain committed in ensuring that agriculture sector continues to play its critical role in the national economy,” the ADB MD assured.

Dr Mensah disclosed that the bank, through its corporate social responsibility budget, would embark on youth entrepreneurship support programme this year to equip the young ones with the requisite skills which would enable them to venture into the agricultural sector.

He called on the Ministry of Food and Agriculture to make the Bank the receiver of all bulk concessional funding in agriculture in the country.

The ADB MD said this would enable the bank to increase its support for farmers and fishers nationwide to develop the agriculture sector.

His call comes on the back of Dr Owusu Afriyie Akoto’s appeal to the management of ADB to increase the bank’s support to the agriculture sector to boost production.

The Food and Agriculture Minister said he was saddened by the little interest shown by some banks in agriculture despite its prospects.

 

Post Views: 53
Tags: ADBAgricultural Development BankBankBusinessGhanaNAFCONewscentaworking capital
admin

admin

Related Stories

Wontumi under investigation for fraud and causing financial loss to the state

Wontumi investigated for fraud and causing financial loss to the state — Deputy AG

by admin
May 29, 2025
0

The Deputy Attorney General, Justice Srem-Sai, has confirmed that Bernard Antwi Boasiako, popularly known as Chairman Wontumi, is currently under investigation...

President John Dramani Mahama has reassured nursing trainees

Mahama promises to pay nursing trainee allowances in January 2026

by admin
May 29, 2025
0

President John Dramani Mahama has reassured nursing trainees in Ghana that all outstanding nursing trainee allowances and arrears will be...

June 6 declared public holiday for Eid-ul-Adha

June 6 declared public holiday for Eid-ul-Adha

by admin
May 29, 2025
0

The Ministry of the Interior has officially declared Friday, June 6, 2025, as a statutory public holiday to commemorate Eid-ul-Adha,...

New Jubilee, OCTP drillings to add over 14m barrels

New Jubilee, OCTP drillings to add over 14m barrels

by admin
May 29, 2025
0

Ghana’s upstream petroleum sector is receiving a major boost with the resumption of new drilling operations by two of the...

Recommended

Wontumi under investigation for fraud and causing financial loss to the state

Wontumi investigated for fraud and causing financial loss to the state — Deputy AG

May 29, 2025
President John Dramani Mahama has reassured nursing trainees

Mahama promises to pay nursing trainee allowances in January 2026

May 29, 2025
June 6 declared public holiday for Eid-ul-Adha

June 6 declared public holiday for Eid-ul-Adha

May 29, 2025

Popular Story

  • Newspapers, Headlines, Newscenta, Monday, May 26,

    Monday, May 26, 2025 Newspaper Headlines

    645 shares
    Share 258 Tweet 161
  • Sickle Cell pioneer Prof Felix Konotey-Ahulu passes on

    618 shares
    Share 247 Tweet 155
  • Wednesday, May 28, 2025 newspaper headlines

    615 shares
    Share 246 Tweet 154
  • Tuesday, May 27, 2025 Newspaper Headlines

    614 shares
    Share 246 Tweet 154
  • Former NIB Director sues Head of Surveillance for GH₵10m

    613 shares
    Share 245 Tweet 153
NewsCenta

Newscenta is a Ghana-based news organisation publishing in print (The Newscenta Newspaper) and on a digital media platform (newscenta.com) dedicated to delivering timely and impactful news across various sectors, including politics, business, economy, technology, and culture.

  • About NewsCenta
  • Contact Us
  • Privacy Policy
  • Terms of Use

© 2025 All Rights Reserved NewsCenta.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Politics
    • Local
    • World
  • Entertainment
    • Celebrities
    • Music
  • Lifestyle
  • Newspaper Headlines
  • Business
  • Agriculture
  • Education
  • Sports
  • Tech
  • Opinion

© 2025 All Rights Reserved NewsCenta.