To ease your site search, article categories are at bottom of page.

October 19, 2008

Ghanaian agriculture sector not attracting loans

The lingering effects of the world food crisis are taking their toll on small-scale Ghanaian farmers, who are receiving dwindling credit loans from financiers.

Credit loans to the agricultural sector have dropped dramatically over the last ten years. In 1998, 25% of government spending was directed towards agriculture, yet come 2006, this figure had been cut to 7%. Furthermore, lending to agriculture as a percent of total bank lending has decreased from 9.7% to 4.3% over a five-year span.

Similar reductions in credit lending have affected the industrial sector, which has seen their loans decrease from 25% to 12%. President of the Ghana National Association of Poultry farmers, Ken Quartey speculated that perhaps bank and other lending institutions "don't see various policies in place that mitigate the risks of lending” to the agricultural sector.
“If credit is dropping as dramatically as the data shows, then you need to start looking at why.”

Article Categories

AGRA agribusiness agrochemicals agroforestry aid Algeria aloe vera Angola aquaculture banana barley beans beef bees Benin biodiesel biodiversity biof biofuel biosafety biotechnology Botswana Brazil Burkina Faso Burundi CAADP Cameroon capacity building cashew cassava cattle Central African Republic cereals certification CGIAR Chad China CIMMYT climate change cocoa coffee COMESA commercial farming Congo Republic conservation agriculture cotton cow pea dairy desertification development disease diversification DRCongo drought ECOWAS Egypt Equatorial Guinea Ethiopia EU EUREPGAP events/meetings exports fa fair trade FAO fertilizer finance fisheries floods flowers food security fruit Gabon Gambia gender issues Ghana GM crops grain green revolution groundnuts Guinea Bissau Guinea Conakry HIV/AIDS honey hoodia horticulture ICIPE ICRAF ICRISAT IFAD IITA imports India infrastructure innovation inputs investment irrigation Ivory Coast jatropha kenaf keny Kenya khat land deals land management land reform Lesotho Liberia Libya livestock macadamia Madagascar maize Malawi Mali mango marijuana markets Mauritania Mauritius mechanization millet Morocco Mozambique mushroom Namibia NEPAD Niger Nigeria organic agriculture palm oil pastoralism pea pest control pesticides pineapple plantain policy issues potato poultry processing productivity Project pyrethrum rai rain reforestation research rice rivers rubber Rwanda SADC Sao Tome and Principe seed seeds Senegal sesame Seychelles shea butter Sierra Leone sisal soil erosion soil fertility Somalia sorghum South Africa South Sudan Southern Africa spices standards subsidies Sudan sugar sugar cane sustainable farming Swaziland sweet potato Tanzania tariffs tea tef tobacco Togo tomato trade training Tunisia Uganda UNCTAD urban farming value addition value-addition vanilla vegetables water management weeds West Africa wheat World Bank WTO yam Zambia Zanzibar zero tillage Zimbabwe

  © 2007 Africa News Network design by Ourblogtemplates.com

Back to TOP