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Agric Bank disburses GH¢ to poultry farmers

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Agricultural Development Bank (ADB), a leading indigenous bank, has begun the disbursement of funds to players in the poultry value chain in the country under its Poultry Value Chain Financing Programme (PVCFP).
The company yesterday released the first tranche of the facility; amounting to more than GH¢23 million to six companies in the poultry value chain in the Bono Region.
ADB last month announced a GH¢500-million package to support the local poultry industry to increase production in a bid to reduce the country’s import of poultry.
The package under the ADB PVCFP programme being rolled out in partnership with the Bank of Ghana, Ministry of Food and Agriculture, Ghana-Incentive-Based-Risk-Sharing System for Agricultural Lending (GIRSAL) and Outgrower and Value Chain Fund (OVCF) is to boost local production of poultry.
Speaking at the ADB Poultry Value Chain Stakeholders’ Meeting in Accra yesterday, the Managing Director of ADB, Dr John Kofi Mensah said the ADB PVCFP was to support the government’s Broiler Revitalisation Programme, which is meant to increase the domestic production of poultry.
According to him, the local poultry industry held the key to addressing the perennial depreciation of the cedi if efforts were made to revamp the industry and increase local production of poultry.
“The Poultry Industry has the propensity to stabilise the cedi and boost the growth of the Ghanaian economy,” Dr Mensah stated.
Dr Mensah observed that the country annually imported more than $370 million worth of poultry products to meet the shortfall in demand, when same could be produced locally to save the country a lot of foreign exchange.
He said the country’s reliance on imports to meet its meat and poultry needs, was putting pressure on the local currency.
Dr Mensah said the country needed to produce 400,000 metric tonnes of meat annually to meet the country’s meat needs, but the players in the industry could onlyproduce 57,871 metric tonnes, leaving a huge deficit.
The ADB MD said his outfit was committed to helping the country reduce its reliance on imported poultry to meet the poultry needs of the country and it was in that direction that the ADB PCCFP was initiated.
He said the programme was meant to support all the players in the poultry value chain including hatcheries, producers, feed millers, processors and marketers.
Dr Mensah said the interest rate on the ADB PVCFP was not more than ten per cent to give financial relief to players in the poultry value chain.
The Minister of Food and Agriculture, Dr Owusu Afriyie Akoto in remarks made on his behalf by his Technical Advisor, Emmanuel Krobea Asante, commended ADB for the role it was playing to support the government’s Planting for Food and Jobs and the Rearing for Food and Jobs Programmes.
According to the minister, ADB’s name was becoming synonymous with the Planting for Food and Jobs and the Rearing for Jobs and Food Programmes, since it was the bank that was mainly financing the two programmes.
Dr Akoto said the government was working with stakeholders to ensure that interest rate on loans disbursed to players in the value chain under the ADB PVCFP programme did not go above ten per cent.
The minister entreated the beneficiaries of the ADB PVCFP to pay back the loans to ensure the success of the programme.
Senior Agribusiness Specialist of GIRSAL, Mr Takyi Sraha lauded ADB for the initiative and said his outfit was proud to be associated with the programme.
He said his outfit was ready established to help players in the agricultural value chain de-risk their operations and increase their production.
The Monitoring and Evaluation Specialist of OVCF, Michael Kpormegbe said his outfit had so far released 50 million euros to support players in the agriculture value chain.
He said additional funds had been approved in the third phase of the programme to further support players in the agricultural industry in the country.
BY KINGSLEY ASARE
News
Investing in youth is investing in peace— Hopeson Adorye charges young leaders

Global Board Chairman of the International Youth Network for United Nations Security Council Resolution (IYNUNSCR)2250, Hopeson Yaovi Adorye, has called on young people across the world to take deliberate action in building peace, justice, and sustainable development.
Delivering the keynote address at the IYNUNSCR2250 Global Youth Assembly held in Accra over the weekend, Mr. Adorye told the gathering of youth leaders that this generation stands at a “defining moment” in history.
He noted that while the world faces rising conflicts, violent extremism, climate pressures, cybercrime, and political polarization, young people are not just victims of these crises.
“The adoption of United Nations Security Council Resolution 2250 marked a historic turning point by recognizing that young people are simply victims of conflict but indispensable partners in conflict prevention, peacebuilding, mediation, reconciliation, and post-conflict recovery,” he said.
He stressed that peace cannot be taken for granted.
“Peace must be intentionally built. Peace must be protected. Peace must be sustained. More importantly, peace must include everyone,” Mr.Adorye stated.
He defined true peace as more than the absence of war, it exists where justice prevails, human rights are respected, institutions are accountable, and women and youth participate fully in decision-making.
“Without justice, peace remains fragile. Without development, peace remains temporary. Without inclusion, peace remains incomplete,” he added.
Turning to Africa, Mr.Adorye described the continent’s youthful population as its “greatest strategic asset” and not a burden.
“When governments invest in education, entrepreneurship, innovation, digital skills, healthcare, and good governance, young people become drivers of economic growth and democratic stability,” he said.
He warned that the absence of these opportunities creates frustration and conditions that threaten peace and security.
According to him, “Investing in youth is investing in peace. Investing in education is investing in national security. Investing in jobs is investing in stability.”
The Global Board Chairman urged delegates to move beyond advocacy and become practical agents of change. He challenged them to reject corruption, political violence, hate speech, tribalism, and misinformation.
“Let us use social media to educate rather than inflame. To unite rather than divide. The digital world should become a platform for peace, innovation, and global cooperation,” he said.
He further tasked IYNUNSCR2250 members to mentor vulnerable youth, promote mediation, advocate for peaceful elections, support environmental protection, and empower women and girls.
He further added that “History will judge our generation not by the challenges we inherited but by the solutions we created,” Hon. Adorye concluded. “May our voices become voices of reconciliation. May our actions become instruments of peace.”
The Assembly, hosted under the leadership of IYNUNSCR2250 Global President Her Excellency Rev. Dr. Lilian Sally Addo, brought together youth leaders, members of the Global Advisory Board, and distinguished guests to advance the youth, peace, and security agenda.
By Edem Mensah-Tsotorme
News
Two dead, eight injured in road accident at Dompoase near komenda

Two people have died and eight others sustained injuries following a road traffic accident at Dompoase, near Komenda on the Cape Coast-Takoradi highway on Thursday, July 31, 2026.
According to a statement from the Ghana National Fire Service, Central Region, the Komenda Fire Station received a distress call at 18:55hrs. Rescue personnel arrived at the scene 15 minutes later at 19:10hrs.
On arrival, fire officers found one person trapped in a crashed Toyota Hiace with registration number AS 6145-24.
The rescue team worked to extricate the victim, but the person was later pronounced dead at the scene.
Preliminary information indicates that 10 people were on board the Hiace at the time of the crash. Apart from the two fatalities, eight others sustained various degrees of injury.
Three of the injured were said to be in severe condition.
Personnel from the National Ambulance Service transported all the injured to the Elmina Polyclinic for medical care.
An eyewitness at the scene told officials that the accident occurred when an unidentified vehicle traveling from Takoradi towards Cape Coast* attempted to overtake another vehicle.
In an attempt to avoid a head-on collision, the Toyota Hiace, which was traveling from Cape Coast towards Takoradi, swerved and crashed into a broken-down truck with registration number GN 2491-14 that was parked by the roadside.
The Central Regional Fire Command has advised drivers to exercise patience and extra caution on the highway, especially during overtaking and in areas where broken-down vehicles may be present.
“Such incidents can be prevented if road users obey traffic regulations and remain alert,” the statement said.
The identities of the deceased have not yet been released pending notification of next of kin.
By Edem Mensah-Tsotorme




