The Ghanaian Journal

The National Farmers and Fishermen Association has appealed to Government to rescind its decision on the sale of 48 per cent of Agricultural Development Bank (ADB) shares to a strategic investor.

Mr Philip Abayori, President of the association, made the appeal at a farmer’s forum held in Navrongo in the Upper East Region at the weekend.

He explained that with the role played by ADB in the agricultural sector, it would be suicidal for Government to sell the Bank’s shares.

“Farmers would not forgive Government if it sells out 48 per cent of ADB shares,” Mr Abayori emphasised.

Mr Abayori explained that for the past years, ADB had been the largest sponsor of the National Farmers Day celebration.

“The bank provides a three bedroom house to the National Best Farmer and continues to grant agricultural loans to farmers in the country,” he stated.

Mr Abayori suggested that the shares should rather be floated exclusively for Ghanaian farmers and fishermen.