Business News of Wednesday, 16 July 2025

Source: www.ghanaweb.com

ADB to support 'Feed Ghana' initiative with financing and advisory services

Edward Ato Sarpong, Managing Director of ADB Edward Ato Sarpong, Managing Director of ADB

The Managing Director of the Agricultural Development Bank (ADB) PLC, Edward Ato Sarpong, has commended the government for its "Feed Ghana" initiative, describing it as a transformative intervention aimed at boosting agricultural productivity and creating employment opportunities across the country.

The "Feed Ghana" initiative, under the Ministry of Food and Agriculture (MoFA), focuses on expanding agricultural production and ensuring a stable supply of raw materials to support the growth of agro-industries.

It is also designed to generate thousands of jobs for the youth and agripreneurs, contributing to Ghana’s broader economic transformation.

Ato Sarpong noted that the initiative aligns with ADB’s commitment to national development through sustainable investment in agribusiness.

“The initiative aligns with ADB’s new tagline, Beyond Banking…, which reflects the Bank’s unwavering commitment to delivering added value that goes beyond traditional financial services,” he said.

“Our purpose as a Bank is not only to finance agriculture but to be part of the broader transformation of lives and livelihoods. Feed Ghana is precisely the type of initiative that will motivate us to innovate, make more deliberate investments, and support farmers, processors, and agri-SMEs on their path to growth and expansion,” he added.

Ato Sarpong indicated that the Bank will collaborate effectively with the government and MoFA to support projects under the initiative.

These include:

• Grains and Legumes Development

• Smart Agriculture

• Vegetable Development Project

• Institutional Farming

• Poultry Sector Initiatives

• Livestock Development

• Cocoa Industry Project

• Cotton Production Expansion

• Oil Palm Industry Development

“I strongly believe that the programme will strengthen the agricultural value chain by ensuring that produce is efficiently processed into food products and industrial inputs, help reduce post-harvest losses, and enhance food security in Ghana,” he stated.

He further highlighted ADB’s readiness to serve as a key partner, offering tailor-made financing solutions, technical and advisory support, and capacity-building interventions.

“We are already exploring new financing schemes and collaborations that will enable us to meet the unique needs of agribusinesses under the Feed Ghana programme,” he said.

The Agricultural Development Bank is repositioning itself to efficiently provide universal product offerings and digital banking solutions that address the evolving needs of its customers and the general public.

The Bank recently launched its new corporate tagline, 'Beyond Banking' anchored on strategic partnerships, exceptional relationship management, and enhanced customer experience.