{"id":669529,"date":"2019-08-01T14:03:54","date_gmt":"2019-08-01T14:03:54","guid":{"rendered":"
\n\t\t\n

Dr. John Kofi Mensah (3rd right) presents the dummy cheque to Alhaji Hanan Abdul-Wahab (2nd right) while others look on<\/strong><\/p>\n\n\n\n

AGRICULTURAL Development Bank (ADB) has donated GH\u00a250 million to the National Food Buffer St"},"modified":"2019-08-01T14:03:54","modified_gmt":"2019-08-01T14:03:54","slug":"adb-gives-nafco-gh%c2%a250m-to-store-food","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/08\/01\/adb-gives-nafco-gh%c2%a250m-to-store-food\/","title":{"rendered":"ADB Gives NAFCO GH\u00a250m To Store Food"},"content":{"rendered":"

<\/p>\n

\n

Dr. John Kofi Mensah (3rd right) presents the dummy cheque to Alhaji Hanan Abdul-Wahab (2nd right) while others look on<\/strong><\/p>\n

AGRICULTURAL Development Bank (ADB) has donated GH\u00a250 million to the National Food Buffer Stock Company Limited (NAFCO) for its food storage activities.<\/p>\n

The
\ndonation is to enable NAFCO to purchase grains specifically maize, rice and
\ncowpea from farmers mainly under government\u2019s flagship programme, \u2018Planting for
\nFood and Jobs (PFJ)\u2019, to be supplied to government senior high schools.<\/p>\n

At
\na brief presentation ceremony held at the ADB headquarters in Accra, Managing
\nDirector of ADB, Dr. John Kofi Mensah, said the bank recognizes its \u201cstrategic
\nrole\u201d in financing to accelerate the growth of the agricultural and allied
\nsectors.<\/p>\n

He
\ndisclosed that, in 2018, the bank provided GH\u00a220 million to NAFCO to purchase
\ngrains under the PFJ programme.<\/p>\n

The
\nincreased amount this year, he said, is underpinned by the fact that the
\ncultivated area under the PFJ programme has increased, and again, because the
\nthird stream of students under the Free SHS programme will be going to school
\nin September with the attendant increase in food requirement.<\/p>\n

\u201cIn
\naddition to supporting NAFCO to undertake purchase of grains, the bank will
\nalso continue to provide support to aggregators licensed by NAFCO to purchase
\ngrains and other foodstuff for supply to secondary schools,\u201d he added.<\/p>\n

Dr.
\nMensah also said the bank was concerned about post harvest losses and said they
\nwould support NAFCO to provide a reliable marketing outlet for farmers.<\/p>\n

Receiving
\nthe donation, the Chief Executive Officer (CEO) of NAFCO, Alhaji Hanan
\nAbdul-Wahab, commended the bank highly for the support. He said with the money,
\nNAFCO would be able to purchase grains from farmers for \u201conward supply\u201d to
\nselected state institutions, especially public boarding schools under the Free
\nSHS programme.<\/p>\n

Representing
\nthe Ministry of Agriculture, Asante Krobea, Technical Advisor to the sector
\nminister Dr. Owusu Afriyie Akoto, said the FPJ initiative is yielding positive
\nresults, and gestures like these would help strengthen agricultural development
\nin the country.<\/p>\n

By Nii Adjei Mensahfio<\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Dr. John Kofi Mensah (3rd right) presents the dummy cheque to Alhaji Hanan Abdul-Wahab (2nd right) while others look on AGRICULTURAL Development Bank (ADB) has donated GH\u00a250 million to the National Food Buffer Stock Company Limited (NAFCO) for its food storage activities. The donation is to enable NAFCO to purchase grains specifically maize, rice and […]<\/p>\n","protected":false},"author":1,"featured_media":669530,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-669529","post","type-post","status-publish","format-standard","has-post-thumbnail","category-politics"],"yoast_head":"\nADB Gives NAFCO GH\u00a250m To Store Food - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/08\/01\/adb-gives-nafco-gh\u00a250m-to-store-food\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"ADB Gives NAFCO GH\u00a250m To Store Food - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Dr. John Kofi Mensah (3rd right) presents the dummy cheque to Alhaji Hanan Abdul-Wahab (2nd right) while others look on AGRICULTURAL Development Bank (ADB) has donated GH\u00a250 million to the National Food Buffer Stock Company Limited (NAFCO) for its food storage activities. 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