Twenty-four rural and community bank managers across Ghana have pledged their commitment to offering credit facilities to farmers with Warehouse Receipts from certified warehouses.

The bank managers also indicated that giving more loans to the farmers will enable them to increase their agricultural portfolios while supporting farmers to produce more food to expand their respective local economies.

The bankers made this commitment at a training workshop in Kumasi organized by the International Finance Corporation (IFC) - a member of the World Bank Group, with financial support from the Swiss State Secretariat for Economic Affairs (SECO). The workshop was aimed at creating awareness on the IFC's WRS project and the various risk mitigation measures to encourage agribusiness financing by the financial institutions.

This financial assistance will empower smallholder farmers to buy more agricultural inputs, plough more acreage and produce more grains thereby improving the country's food security as well as financial wellbeing of the farmers.

Source:https://www.9jagossipers.com.ng/2019/09/to-get-more-support-from-rural-banks.html?m=1