AfDB supports NAFCO with 50 million GH ¢ loan

The Agricultural Development Bank (AfDB) has granted a loan of 50 million GH ¢ to NAFCO (National Food Buffer Stock Stock) for the purchase of cereals under the government program "Plant to feed and create jobs "(PFJ).

Farmers' products under the PFJ initiative are intended to be delivered to schools under the Free High High School (SHS) program.

The credit facility at a preferential rate will allow NAFCO to deal with farmers' surplus products in order to reduce post-harvest losses due to poor storage.

This amount represents the first tranche of about 200 million ¢ of GHG allocated by the bank to support players in the country's agricultural value chain.

Alhaji Hanan Abdul-Wahab, chief executive officer of NAFCO, said at the presentation ceremony that the introduction of the PFJ had significantly altered the country's agricultural landscape, resulting in an increase in food production and the creation of food. a market ready for use. Farmers.

He also pointed out that with the credit facility, the company could buy grain from farmers to pbad on to certain state institutions, especially public institutions of the second cycle under the Free Secondary Education Program. , one of the government's flagship programs.

Emmanuel Asante Krobea, technical advisor to the Minister of Food and Agriculture, added his voice and said: "Today we are witnessing a change of game for the PFJ program."

He also congratulated NAFCO for being packed in a manner worthy of attracting the bank's facilities and thanked AfDB management for its support.