Yaw Amponsah owns a piggery in Dodowa in Accra, with a total population of over five hundred pigs.

He is looking to expand because, currently, he is able to service only 40% of total demand.

In order to expand to a 1500-capacity piggery, he needs to acquire extra land and erect new structures, which require an investment of not less than GHC 100,000.

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Yaw Amponsah’s options of raising that amount of money is limited, as not many financial institutions in Ghana would be willing to finance such an Agricultural Venture.

Its Agriculture Financing Department provides financing for four key Agric activities namely:

Clearly, while other banks would do everything in their power to avoid financing of agricultural activities because of its risky nature, ADB has braced the odds and have been formidable in supporting the sector.

For Yaw Amponsah, for example, ADB is ready to provide:

Long Term Loan, set aside for new and existing projects that require heavy capital outlay and/or long gestation periods, usually beyond 5 years.

Short Term Credit, which is typically granted as working capital to meet production, transportation, and marketing of agric produce for up to 12 months. Could be a loan or overdraft.

Or a Medium Term Loan, granted for the purchasing of farm equipment and machinery, simple processing equipment and cash crops/livestock with gestation periods between 12 months and 5 years.

Guarantees/Non Funded Facilities- ADB’s Agriculture Financing Unit provides guarantees and other non funded facilities such as letters of credit to enable agricultural clients acquire machinery, plant and equipment, raw materials, etc and to enable such clients win and/or execute contracts

All these go to show how essential ADB is to the Agricultural Ecosystem of Ghana.