• About
  • Advertise
  • Privacy & Policy
  • Contact
VOPAM
Advertisement
  • Home
  • News
  • Business
  • Politics
  • Sports
  • Entertainment
  • World
  • Store
    • Shop
    • Cart
    • Checkout
    • My account
    • Wishlist
No Result
View All Result
  • Home
  • News
  • Business
  • Politics
  • Sports
  • Entertainment
  • World
  • Store
    • Shop
    • Cart
    • Checkout
    • My account
    • Wishlist
No Result
View All Result
VOPAM
No Result
View All Result
Home Business

ADB To Support Outgrower Farmers Under 1D1F

vopam by vopam
August 26, 2020
in Business
2 min read
0
ADB To Support Outgrower Farmers Under 1D1F

The Managing Director of the Agricultural Development Bank (ADB), Dr John Kofi Mensah has said the Bank will support Outgrower Farmers supplying raw materials to Factories under the government’s One District One Factory (1D1F) initiative.

According to Dr. Kofi Mensah industries established under the One District One Factory in need of agricultural support can be rest assured of the preparedness of the Bank to provide the needed financial support so they operate at optimum level.

At the commissioning of the Ekumfi Fruits and Juices limited and Casa De Ropa Limited in the Central Region by President Nana Addo Dankwa Akufo Addo , Dr. Kofi Mensah said the bank will soon disburse an amount of about Fifty million Ghana cedis to Outgrower Farm Companies operating within the catchment areas of the two factories.

“These factories need constant supply of raw materials to remain in business and as our contribution to the IDIF we are giving out loans to especially Outgrower Farmers attached to the IDIF factories so they can supply these factories with the needed raw materials”, he said.

According to Dr. Kofi Mensah many companies established in the past have not performed to full capacity or even survived due to lack of raw materials hence the decision by the bank to support the outgrower farmers to ensure the availability of raw materials to sustain the factories and create more jobs.

The ADB Managing Director said the IDIF initiative by the government of Akufo-Addo is the biggest industrial programme in recent years with the potential to fully transform the ghanaian economy.

“Our association with such key government projects especially those related to agribusiness is a manifestation of the new direction of the Board to ensure the Bank focuses on its mandate of agribusiness financing,” he said.

He commended President Nana Addo Dankwa Akufo-Addo for his foresight and vision of the IDIF initiative and assured him of ADB’s support towards all initiatives aimed at making Ghana food sufficient.

Share this:

  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Pocket (Opens in new window)
  • Click to share on Skype (Opens in new window)

Related

Previous Post

Coronavirus: UK worst hit among major economies

Next Post

Burna Boy’s ‘Twice As Tall’ Tops Billboard’s World Albums Chart

vopam

vopam

Related Posts

Africa waits for Biden to unlock, reallocate $200b of IMF reserves
Africa

Africa waits for Biden to unlock, reallocate $200b of IMF reserves

December 29, 2020
9
Ethiopia: Mekelle’s banks reopen for first time since Tigray war
Africa

Ethiopia: Mekelle’s banks reopen for first time since Tigray war

December 29, 2020
27
Uganda welcomes first Airbus
Africa

Uganda welcomes first Airbus

December 23, 2020
13
Go tell it: Spending the holidays touring the slopes of Kilimanjaro
Africa

Go tell it: Spending the holidays touring the slopes of Kilimanjaro

December 21, 2020
1
Tanzania to resume oil, gas negotiations in 2021
Africa

Tanzania to resume oil, gas negotiations in 2021

December 19, 2020
10
Kenya: Comesa counts pandemic linked economic losses
Africa

Kenya: Comesa counts pandemic linked economic losses

December 18, 2020
1
Toxic pollutants from burnt plastic taint eggs in Kenya and Tanzania
Africa

Toxic pollutants from burnt plastic taint eggs in Kenya and Tanzania

December 18, 2020
1
Uganda refinery too costly, likely to lower value of regional pipeline – CPI
Africa

Uganda refinery too costly, likely to lower value of regional pipeline – CPI

December 17, 2020
2
Next Post
Burna Boy’s ‘Twice As Tall’ Tops Billboard’s World Albums Chart

Burna Boy’s ‘Twice As Tall’ Tops Billboard’s World Albums Chart

BBNaija: Watch Kiddwaya Wake Erica Up With A Kiss (Video)

BBNaija: Watch Kiddwaya Wake Erica Up With A Kiss (Video)

Leave a Reply Cancel reply

Stay Connected test

  • 85 Followers
  • 33k Followers
  • 103k Subscribers
  • 23k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
Football Players In Germany Go Naked In Artist Protest

Football Players In Germany Go Naked In Artist Protest

August 17, 2020
Police probe Argyll Ballet West school abuse allegations

Police probe Argyll Ballet West school abuse allegations

August 20, 2020
Nigerian Prophet TB Joshua Releases Prophecy For Donald Trump

Nigerian Prophet TB Joshua Releases Prophecy For Donald Trump

August 28, 2020
Mahama Will Be Free From Tracey Boakye’s Blackmail, Threats For Properties Soon — Gloria Kani [Video]

Mahama Will Be Free From Tracey Boakye’s Blackmail, Threats For Properties Soon — Gloria Kani [Video]

August 13, 2020
Sudan protests activist’s torture and killing

Sudan protests activist’s torture and killing

0
Agona East District records first COVID-19 case

Agona East District records first COVID-19 case

0
Adjust to live with novel coronavirus – Health Minister

Adjust to live with novel coronavirus – Health Minister

0
Hotel refuses accommodation to health workers over GH¢ 219,000 debt

Hotel refuses accommodation to health workers over GH¢ 219,000 debt

0
Sudan protests activist’s torture and killing

Sudan protests activist’s torture and killing

December 31, 2020
Year in Review: Breakdown of major talking points from the sports industry

Year in Review: Breakdown of major talking points from the sports industry

December 31, 2020
Prominent Ivory Coast opposition figure released from prison

Prominent Ivory Coast opposition figure released from prison

December 31, 2020
German health minister defends European solution to vaccine orders

German health minister defends European solution to vaccine orders

December 30, 2020

Recent News

Sudan protests activist’s torture and killing

Sudan protests activist’s torture and killing

December 31, 2020
9
Year in Review: Breakdown of major talking points from the sports industry

Year in Review: Breakdown of major talking points from the sports industry

December 31, 2020
30
Prominent Ivory Coast opposition figure released from prison

Prominent Ivory Coast opposition figure released from prison

December 31, 2020
18
German health minister defends European solution to vaccine orders

German health minister defends European solution to vaccine orders

December 30, 2020
14
Facebook Twitter Youtube Instagram
VOPAM

Follow Us

Browse by Category

  • Africa (752)
  • Business (482)
  • Entertainment (410)
  • Local News (351)
  • News (2,119)
  • Politics (383)
  • Sports (503)
  • uncategorized (70)
  • World (314)

Recent News

Sudan protests activist’s torture and killing

Sudan protests activist’s torture and killing

December 31, 2020
Year in Review: Breakdown of major talking points from the sports industry

Year in Review: Breakdown of major talking points from the sports industry

December 31, 2020

© 2020 Voice of Pan African Media. All Rights Reserved

No Result
View All Result

© 2020 Voice of Pan African Media. All Rights Reserved