Business News of Monday, 24 April 2017Source: Myjoyonline.comADB releases GHC 450m to support Planting for Food and Jobs programmeDaniel Asiedu, Managing Director of ADBThe Agricultural Development Bank (ADB) has announced a total of GH450 million to among other initiatives support the government’s ‘Planting for Food and Jobs’ programme. He explained that GH150million is directly going to support the Planting for Food and Jobs programme with GH300 million serving as credit facility to support various viable projects in the agricultural value chain for the 2017 financial year. Mr Asiedu added that ADB intended to pre-finance a number of agro-input suppliers selected by the MoFA under the programme. Launched by President Nana Akufo-Addo, the programme is designed to increase agricultural production, ensure a sustainable supply of food at cheaper cost and create about 750,000 direct and indirect jobs for farmers and the youth. President Akufo-Addo declared that ‘Planting for Food and Jobs’ was the answer to the modernisation of agriculture, which was expected to end the migration of the youth to city centres in search of non-existent jobs.

Source: GhanaWeb April 24, 2017 06:56 UTC