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Union Urges Govt to Compel Banks to Allocate Funds to Agriculture

12 January 2017, at 12:00am

GHANA - The General Agriculture Workers Union (GAWU) has appealed to the Nana Akufo Addo administration to use policy tools to compel commercial banks in the country to cede a substantial portion of their loan portfolio to the agriculture sector.

According to him, the non-existence of such policies is the cause of low investment in the agriculture sector leading to low output from farmers.

Speaking to Citi Business News, the General Secretary of GAWU, Mr. Edward Kareweh stated that the practice is normal in most advanced countries, targeted at boosting the food baskets of countries.

He lamented that GAWU has made the proposals to past governments but to no avail. “This proposal has all along been on the drawing board, we have articulated it except that government has done nothing about it.

Source: GhanaWeb

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