Opportunity International (OISL), a savings and loans company, has disbursed over GH¢27 million to farmers as loan to boost the agricultural sector.
Over 42,000 clients, mainly farmers, benefitted from the loan.
Through OISL's financing, Ghanaian farmers have been trained on modern agricultural practices to improve crop production, food security, education and healthcare.
The disbursement of the money started in 2012 and ended in 2014.
According to Kwame Owusu-Boateng, Chief Executive Officer (CEO) of Opportunity International Savings and Loans Limited, the agricultural sector is a major foreign exchange earner for the country.
'Farmers' accessibility to credit has been a major problem. As a savings and loans company established with the aim of supporting Micro, Small and Medium Scale Enterprises of which farmers are prime, we are always working towards providing financing to help boost the businesses of our local farmers.
'Over the past three years, financing the businesses of our clients has been encouraging and we believe we will do even better in the coming years to help restore hope to our farmers and the agricultural sector,' he said.
Mr. Owusu-Boateng noted that OISL has had very fruitful partnerships with organizations, who are dedicated to improving the agricultural sector.
'We have worked with organizations who are dedicated to improving the agric sector.
These agencies are helping to shape the sector in terms of training, pricing and inputs and we are hopeful of having continuous successful partnerships with them to improve the lives of farmers and their work in Ghana.'
By Cephas Larbi