However, according to Dr Akoto, this time around the purchase of the tractors and farm machinery will not be on credit bases, adding that the farmers would have to be able to use the proceeds from the work that they have done in the last 2 years to pay off and buy off in cash whatever equipment they will need to expand the facility.” Earlier, the minister paid a courtesy call on the Oguamanhene, Osabarima Kwesi Atta II, where he informed him that President Nana Addo Dankwa Akufo-Addo could be celebrating this year's Farmers’ Day in Cape Coast.
“That was an Akufo-Addo decision in Cabinet that farmers’ machinery imported into the country should attract a subsidy of 40% in order to support the farming industry,” he disclosed.
In addition to the mechanization centres, Dr Akoto said his ministry supplied farm machinery to commercial farmers and the private sector at a discounted rate of 40%.
The Akufo-Addo administration in 2019 set up these mechanisation centres in various district assemblies with an initial importation of two hundred and sixty (260) tractors and other farm machinery from Brazil.
"…So we are going to look at their books, see the extent of services they provided to our farmers and then based on that we will then decide on an individual basis the extent to which we are going to expand these facilities..Read Full Story