The Agricultural Development Bank Limited has sponsored the purchase and fully furnished three-bedroom house for the ultimate winner of the 31st National Farmers’ Day award celebration.
ADB strengthens commitment to National Farmers Day Awards
This, according to the bank is to promote the agriculture crusade to entice the youth into agriculture which officials in order boost the country's economy.
There has been concerns over the falling growth rate of Ghana's Agriculture Sector in the past three years.
The agriculture sector is expected to record a growth rate of 0.04 percent in 2015, signifying a downturn from the revised target of 3.6 percent which is attributed the slump in growth to the crops sub-sector -- which is expected to record negative growth.This is why officials of ADB believe more investment in that sector will not only contribute to recording a surge in the crops sector, but also livestock and fisheries.Speaking at a presentation ceremony to officially to seal the sponsorship deal with the Ministry of Food and Agriculture, Head of Agric Finance at adb Sylvia Nyante said the prize package from adb demonstrates the bank’s commitment to farmers and fishermen in the country.She also added that ADB’s sponsorship of the event over the years serves as a tool in the bank’s corporate social responsibility which it owes to the welfare of farmers and fishers. “It is therefore not surprising that the bank has consistently been adjudged Best Bank in Agric Financing at the Ghana Banking Awards”. ADB has since the year 2001 presented 13 three-bedroom houses to winners of the National Farmer’s Day award celebration. The bank has also been the main sponsor for other activities of the National Farmers’ Day celebration, such as the National Farmers’ Forum and the Welcome Cocktail for award nominees over the last five years.ADB's sponsorship of other activities in connection with the Farmers’ Day celebration is a testament to the bank’s commitment toward its core mandate for which it was set up.“Aside from the three-bedroom house, we have collaborated with the Ministry of Food and Agriculture to organise the farmers’ forum which has yielded great results -- with farmers’ understanding how to access credit and also modernise their agricultural practices, the core mandate for which ADB was set up,” Mrs. Sylvia Nyante explained.
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