The management of the Agricultural Development Bank (ADB) will invest more than two million dollars to promote large-scale cultivation of cotton, mango and shea nuts in the three Northern Regions of Ghana.
Mr. Edward Boakye-Agyeman, Managing Director of the bank, said under the project, 500 farmers each from the Northern, Upper East and Upper West Regions would be assisted with irrigation facilities, insecticides and other inputs to increase yields and improve upon their incomes.
He said this when he and Mr Paul Koranteng, the Board chairman, inspected a 21-acre Dolana Ayana Organic Mango Farm at the outskirts of Savelugu in the Savelugu/Nanton District on Wednesday.
Boakye-Agyeman said the Bank hoped to recover its investment after a six to eight-year period, after which it would transfer ownership of the farms to the farmers. He said last year the bank assisted 29,000 farmers in the three regions in the production, distribution and marketing of cotton to the Ghana Cotton Company and OLAM, a multi-national company.
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September 03, 2007
Ghanaian agri-bank invests $2 million in cotton, mango, shea development
Categories cotton, Ghana, inputs, irrigation, mango, shea butter
