ADB fulfils GHS1 million pledge to 2022 National Best Farmer

The Agriculture Development Bank (ADB) PLC has fulfilled its pledge of GHS1,000,000.00 as the ultimate prize to Nana Yaw Sarpong Siriboe, the 2022 National Best Farmer.

Nana Yaw Sarpong Siriboe, who hails from Asante Juaben was crowned the 2022 Overall National Best Farmer at the 38th National Farmers’ Day celebration held at Koforidua in the Eastern Region in December 2022.

The presentation, which took place at the forecourt of the Ministry of Food and Agriculture on Friday, June 9, 2023, followed the submission of a satisfied sponsorship disbursement proposal by the award winner through the Ministry to ADB.

Delivering his speech at the presentation, the Managing Director of ADB, Alhaji Alhassan Yakubu-Tali, said the Bank received a disbursement proposed plan from Nana Yaw Sarpong Siriboe through the Ministry of Food and Agriculture.

“After necessary assessment by our Agribusiness Division, we were satisfied with the proposal presented,” the MD said.

In the proposal, “the 2022 National Best Farmer indicated he will invest the GHS1,000,000.00 ultimate prize into the construction of the Siriboe Agritech Training Institute, a training center to train the youth in agriculture, especially in agric technology, sustainable farming ideas and best practices in farming.”

“We reckon the enormous benefits the Institute would bring in terms of creating sustainable employment that would go a long way to reduce the cancerous rural urban drift. The award would complement the personal investment of Nana to bring the institute into reality,” the MD went on.

“As we have done in the past, the Bank will provide Nana with a dedicated Relationship Manager to assist in ensuring the proper utilization of the funds.” He added.

Alhaji Alhassan Yakubu-Tali expressed the Bank's pride in headlining the sponsorship of the Farmers’ Day since 2001. “Our long-standing sponsorship of the Welcome Cocktail, the Farmers' Forum, and the Ultimate Prize forms part of the Bank’s unwavering commitment to encouraging our gallant farmers and fishers to grow more, feed more, and create more wealth for themselves and the nation.”

He indicated that ADB has repositioned itself as the Bank of choice when it comes to agriculture lending and the provision of other related supports including advisory services.

"The Bank remains a major partner for all agricultural-related programmes and projects of the government. ADB has been the lead financier for planting for Food and Jobs, Rearing for Food and Jobs, Planting for Export and Rural Development, the agricultural Component of One Direct One Factory Initiative, and provision of Outboard Motors to the Fisher folks among others.”

He said the sector requires a critical partner like ADB for agricultural financing and growth, adding, there is no doubt that the critical role played by ADB has greatly contributed to sustainable agriculture in Ghana. He pledged to work with the sector Minister to bring his foresight and vision for the ministry into fruition in order to guarantee food sufficiency and ensuring that the agricultural sector remains the backbone of Ghana’s economy.

On his part, the Minister for Food and Agriculture, Honourable Bryan Acheampong, commended ADB for consistently sponsoring the National Farmers’ Day and providing the ultimate prize. He reiterated that his Ministry highly appreciates the contribution of ADB in motivating farmers and supporting the development of agriculture, especially through partnerships that are strategically designed to deliver solutions to problems in the sector.

In receiving the ultimate prize, the 2022 National Best Farmer, Nana Yaw Sarpong Siriboe, expressed his heartfelt appreciation to the Ministry of Food and Agriculture and the Agricultural Development Bank (ADB) PLC for the honour done him. He said the ultimate prize, (GHS1 Million), will facilitate the various projects which he has already started which will greatly benefit agriculture in Ghana.