adb committed to financing agriculture, forestry and fisheries – MD

George-Ramsey Benamba, GNA

Accra, Sept. 2, GNA – Mr Daniel Asiedu, the
Managing Director of the Agricultural Development Bank (adb), has attributed
the bank’s award as the Best Bank in Financing Agriculture, Forestry and
Fisheries to its readiness to take risks in the competitive market.

“The adb emerged tops in financing
agriculture, forestry and fisheries sector, which is recognised as the backbone
of Ghana’s economy, though many banks shy away from providing credit facilities
to farmers due to the risks involved,” he said.

This was in a press release issued by the
Corporate Communications Department of the bank on Friday and copied to the
Ghana News Agency in Accra.

The 15th Ghana Banking Awards, which was
organised last Saturday, is to award the best performing banks in the country

Mr Asiedu said the bank, over the past five
years, invested over 350 million Ghana cedis in different areas within the
agriculture, forestry and fisheries sectors.

He said winning the award was an indication
that the bank remained committed to the reason for its establishment.

“Winning the award is an indication that
even in the midst of stiff industry competition and an unpredictable
agricultural sector, the bank remains committed to ensuring that the sector
remains a major contributor to our economy,” he said.

“We dedicate the award to the loyal
customers and farmers to whom we remain committed to in growing their
business,” he said.

He said it was an honour to be the best
amongst their peers in critical sectors like agriculture, forestry and fishing
and “I wish to assure our customers to expect more innovative and
tailor-made products which will boost their businesses.”

Mr Asiedu said in 2015, the bank facilitated
the provision of 17.7 million Euros geared towards the production of 8,000
hectares of rubber in the country and “it remains the major sponsor of the
annual National Farmers’ Day event and consistently financed the building of a
three bedroom house to the ultimate winner.”


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