Barclays Bank devotes 11% of loan portfolio to Ghana agriculture

Barclays Bank Ghana Limited says it is committed to ensuring that farmers get financial support in order to improve productivity.

To show commitment, the bank has set up Agribusiness Desk primarily to address financial concerns of farmers. The bank has also invested over US$57 million into the maize and soya value chain from 2014 to 2017.

The Head of Agribusiness at Barclays Bank Ghana, Mr Andrew Ahiaku, told the Graphic Business after a media dialogue on Wednesday, September 13 in Accra, that the bank had dedicated 11 per cent of its entire loan portfolio to finance agriculture.

He stated that the bank has developed agricultural policy and a strategy aimed at supporting agribusiness in a quest to encourage growth in the sector.

“For us at Barclays Bank Ghana, we see and treat agribusiness as the business of agricultural production,” he said and added that financing of the sector must be approached from the value chain perspective.

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