Development Bank moves to boost food security

Pinterest LinkedIn Tumblr +

The Development Bank Ghana (DBG)  embarkes on an initiative to boost the production of poultry and three cereals in order to promote food security in the country.

The cereals are rice, maize and soya bean.

Under the initiative, which takes off with workshops, the bank will provide support to players in the value chain to boost the production of the commodities locally.

The Deputy Chief Executive Officer of the DBG, Michael Mensah Baah, said during a media interaction in Accra last Thursday that there would be four workshops to be held in Kumasi, Sunyani and Sogakope to engage key stakeholders.

The stakeholders include policymakers and producers of the commodities as well as others in the value chain.

Mr Baah said the interventions that would be put in place were aimed at supporting the growth of the national economy.

The Deputy CEO said with about $1 billion spent on rice imports and $600 million to import poultry annually, the country would save a lot through the intervention the bank was putting in place.

“The workshop will be, among other things, to identify the potential challenges, areas of concern and find the solutions to them.

M the bank had already held a stakeholder engagement with a number of stakeholders, including the Ghana Stock Exchange, the MasterCard Foundation and the United States Agency for International Development (USAID) on how DBG could do things differently to support the growth of the value chain.

Source: myghanadaily


About Author

Comments are closed.