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Afrikafarms Small Scale tomatoe farm project. © Afrikafarms. |
Mr Kwesi Ahwoi Minister for Food and Agriculture on Thursday said agric stakeholders must rethink means of funding agriculture as difficulties of loan recovery from farmers mounted up.
“Stakeholders must brainstorm to find sustainable means of funding agriculture,” he said.
He made the comment when he appeared before the Public Accounts Committee to clarify issues in connections with the Auditor General’s Report for 2007, 2008 and 2009 financial year.
According to the Audit Report Government policy of boosting agriculture in 2005 and 2006 advanced an amount of GHC53,600 to 600 farmers in the form of cash and inputs such as fertilizers seed maize, herbicides and chemicals, only GHC16,783 had been retrieved representing a percentage of 31.
The Minister also indicated that many people including MPs brought people to take loans but when it came to payment of the loans they were not seen again.
Mr Kweku Agyeman-Manu Deputy Chairman PAC called for injection of seriousness in the handling of financial administration of the country, adding that since some of the lapses in the report bordered on the lack of basic accounting principles on the part of the directors, there should be the need to educate them.
“Stakeholders must brainstorm to find sustainable means of funding agriculture,” he said.
He made the comment when he appeared before the Public Accounts Committee to clarify issues in connections with the Auditor General’s Report for 2007, 2008 and 2009 financial year.
According to the Audit Report Government policy of boosting agriculture in 2005 and 2006 advanced an amount of GHC53,600 to 600 farmers in the form of cash and inputs such as fertilizers seed maize, herbicides and chemicals, only GHC16,783 had been retrieved representing a percentage of 31.
The Minister also indicated that many people including MPs brought people to take loans but when it came to payment of the loans they were not seen again.
Mr Kweku Agyeman-Manu Deputy Chairman PAC called for injection of seriousness in the handling of financial administration of the country, adding that since some of the lapses in the report bordered on the lack of basic accounting principles on the part of the directors, there should be the need to educate them.
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