group photograph of representatives from ADB, NAFCO and the Ministry of Agriculture during the presentation
ADB
Bank recently provided a loan facility of GH¢50 million to the National Food
Buffer Stock Company (NAFCO) to purchase grains for onward delivery to
government senior high schools, as well as other state institutions.
The
loan is also to enable NAFCO mop up excess produce from farmers to reduce
post-harvest losses resulting from poor storage.
The
amount is the first tranche of about GH¢200 million earmarked by the bank to
support actors in the agricultural value chain in the country.
Last
year, ADB provided the company with a loan of GH¢20 million to purchase grains
from farmers under the PFJ programme.
Managing Director of ADB, Dr John Kofi Mensah, explained that this year the amount was increased because “NAFCO performed creditably and paid up the facility on schedule”.
A business desk report
