Absa Bank Ghana has invested more than $600 million into Ghana’s agricultural value chain over the past four to five years, with a strong focus on supporting women and youth-led initiatives, according to William Nettey, Head of Agribusiness at the bank.
He said this at the Citi Business Forum held on the theme Harnessing Agribusiness for Economic Growth: Expanding Ghana’s Agribusiness Frontiers, in Accra on Thursday June 19.
Mr Nettey highlighted the bank’s commitment to bolstering agriculture through strategic lending, stating, “We’ve lent over $600 million over the past four or five years to Ghana’s value chain as a whole. We target women, we target youth — and it’s going well.”
He also revealed that the rate of defaults among beneficiaries remains very low, indicating that the investments are not only impactful but also sustainable.
“The non-performing or the delinquencies is very low,” he added.
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