Updated: Oct 6, 2020
The Traditional Council of Asante Akyem Agogo have revealed that they will establish Credit Union and insurance policy for plantain farmers in Asante Akyem north District.
The policy aims to provide support for Plantain farmers to boost their business activities.
Speaking after the clean-up exercise in Agogo chief's palace and its surroundings as part of the maiden edition of the Golden Plantain Festival, “Dadiesoaba hene” Nana Opuni Nyankyimadu Atram III, said “farmers can have all the big markets but if they do not have the resources to do their farmers, it means that there is nothing that will go on for them. So we also considered supporting the plantain farmers by by establishing Credit Union, where they will receive loans and insurance policy.
He said this will help farmers to be more confident and improve their production capacity, lifestyle, and altogether, financial wellbeing.
Agogo and its environs are popular for huge production of plantain, banana and other staple foods, most of which are exported outside the country.
According to information from the Statistics and Research Department of the Ministry of Food and Agriculture, over 250 metric tonnes of plantain were exported in the 2018 and 2019 crop season to sister West African countries.
These exports, despite huge economic impacts on the citizenry and country at large, however appeared not to be formally recognised.