The Minister of Food and Agriculture-designate, Eric Opoku, has proposed to set up Ghana Agricultural Scheme (GAIS) to improve access to credit for farmers.
He proposed this as a solution to the age-old challenge of access to credit faced by farmers from financial institutions.
Speaking during his vetting by Parliament's Appointment Committee on January 20, Mr Opoku explained how GAIS would help stem this tide. "In 1965, Dr Kwame Nkrumah established what we now call the Agricultural Development Bank to provide credit facilities for the development and modernisation of agriculture.
Unfortunately, because our agriculture is rain-fed, the banks are unwilling to discharge this special mandate.
