ADB louds Climate-Resilient Agricultural Initiatives in Ghana

The Agricultural Development Bank (ADB) PLC has held the 15^th National Farmers Forum in Accra with a focus on Climate-Resilient Agriculture for Sustainable Food Security.

This annual event, brought together farmers, policymakers, government officials, agricultural experts, financiers, the 2024 National Best Farmer Awardees, and other stakeholders to discuss strategies for overcoming climate challenges that threaten food security. The 15^thAnnual National Farmers Forum assembled key stakeholders in a panel discussion sessions aimed at deepening national conversation on climate-resilient agriculture and sustainable food security in the Ghana. 

In his remarks, the Managing Director of ADB, AlhajiAlhassan Yakubu-Tali, noted that the forum’s theme, “Building Climate-Resilient Agriculture for Sustainable Food Security,” emphasized the bank’s commitment to supporting climate-resilient practices and innovations to ensure food security.

“The theme for this year’s celebration is very appropriate as it highlights the need for the state and citizenry to commit to adopting better agricultural practices that address the growing challenges posed by climate change and expand productive capacity to enhance food security,” he added.

Alhaji Yakubu-Tali highlighted that the event’s focus on climate-resilient agriculture reflects a growing recognition that food security and economic stability are interwoven, adding that It also reinforced Ghana’s commitment to the UN Sustainable Development Goals (SDG) 2, which aims to end hunger, achieve food security, and promote sustainable agriculture. “We need a robust agricultural system that empowers farmers, ensures food security, and supports economic growth,” he mentioned.

Investments and Interventions

The ADB MD disclosed that the Bank has in the past eight years strengthened its resolve to maintain its commitmentto its founding mandate by increasing funding to the agricultural sector. “The Bank’s investment in agriculture has seen a steady growth with total agricultural loan stock increasing from GHS453.20 million in 2016 to GH1.41 billion as at October 2024. This figure excludes non-funded facilities such as letters of credits and guarantees granted for the purchase of agricultural inputs, machinery, equipment and raw materials,” he said.

Alhaji Yakubu-Tali stated that ADB will continue to support government interventions aimed at enhancing agricultural productivity, improve food security and engenderindustrialization and wealth creation through agriculture. The Bank is in collaboration with the Ministry of Food and Agriculture and other stakeholders on the ongoing implementation of the second phase of the Planting forFood and Jobs (PJF2) that seeks to replace the input subsidy program with a smart input credit regime.  

40^th National Farmers’ Day Support

The General Manager in charge of Agribusiness, Mr.Kwame Asiedu Attrams, reaffirmed the bank’s commitment to supporting Ghana’s agriculture sector with its sponsorship of the prestigious ultimate award of GHS1.0 million to the National Best Farmer among many other support including the National Welcome Cocktail, the Farmers Forum among others.

Over the last 15 years, Mr. Attrams, explained that the National Farmers Forum has afforded the opportunity to bring players within the Agricultural value chain together to deliberate on pressing issues within the value chain and offer workable solutions for the betterment of the sector.  

“The 15th National Farmers Forum is a testament to ADB’s sustained support for Ghana’s agriculture sector, reinforcing its role as a leader in agribusiness financingand a dedicated partner in the nation’s pursuit of food security, sustainable farming practices, and economic resilience,” he added.

Mr. Attrams urged the 2024 National Best Farmers awardees to incorporate the climate-resilient practices discussed at the forum in their own agribusiness operations in furtherance of achieving a climate resilient agribusiness ecosystem.

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