Business News of 2013-12-13

EDAIF gives tractor to 2nd best farmer

The Export Development and Agricultural Investment fund (EDAIF) has presented a tractor with its accessories valued at GH¢142,500 to the Ministry of Food and Agriculture to be presented to the 2013 second best national farmer.

The tractor is expected to help boost the morale of Mr Edward Maxwell Aninkorah, who was adjudged the second best farmer at this year's National Farmers Day celebration at Sogakope in the Volta Region.

It is to be presented to him by the MoFA at a later date.

The Agricultural Manager of EDAIF, Mr Abdul-Baaki Kadri, observed during the presentation of the tractor and its accessories to the ministry that farmers played a key role in the socio-economic development of the country hence the need to recognise their hard work.

He said EDAIF, as a corporate institution and a key partner in the agriculture sector, would continue to support farmers in the country to help ensure that they learnt new and modern ways of farming.

Mr Kadri encouraged players in the agricultural and agro-processing sector to access the EDAIF credit facility through the various designated financial institutions across the country.

This is the fourth time that EDAIF had supported the farming community in the country to strengthen their capacity to meet the global standards of farming.

The fund, which was set up in 2000, has since supported farmers with loans to expand their operations.

It has since disbursed some GH¢135.8 million over the years to support the growth of the sector.