Dr. Paul Schuetz
PAUL SCHUETZ, Programme Manager, Market Oriented Agriculture Programme (MOAP) of the German Technical Cooperation (GIZ), has stated that farmers and banks lack the professional know-how to handle agriculture financing.
For this reason, he has called for more education and training for farmers and banks, as well as more organized value chain system that will attract investment for the agriculture sector.
?Professional farmers should also be financially literate to fully honour the obligations from taking loans. Banks also need to understand the potential of the sector as well as the risks; it certainly will help if banks employ agriculturists to promote agricultural finance.?
?More investment in the sector by farmers and other actors will result in better yields, better financial returns, greater efficiency and competiveness of the sector. ?
Dr. Schuetz said this in goodwill message delivered at the just-ended 4th National Food and Agriculture Show (FAGRO) in Accra.
He emphasized that agriculture financing was pertinent in order to address poverty among farmers.
?This allows a joint assessment at the bottlenecks of the specific value chain and how to overcome these bottlenecks and make the value chain more competitive.?
Since its inception, MOAP of GIZ has been involved in developing value chains by promoting citrus, pineapple and mango as perennial high value crops in the form of a value chain to increase their competitiveness to attract finance.
?When we jointly try to bridge some of the gaps in the value chain process, we will be able to promote a professional agriculture culture that can substantially contribute to income and employment and thus create wealth for the people.?
GIZ operates throughout Germany and in more than 130 countries worldwide.
GIZ?s registered offices are in Bonn and Eschborn and it has more than 17,000 staff across the globe, 70 per cent of them are employed locally as national personnel.
Ghana is one of the countries GIZ considers important ?for cooperation with the private sector, hence its continuous support for FAGRO 2012.
By Samuel Boadi