The agricultural sector is considered as one of the most important sectors of the Ghanaian
economy since it constitutes a significant portion of our Gross Domestic Product. However,
farmers experience challenges in accessing credit from banks. Over the years, the Ghana cedi
has experienced some volatility on the back of the existing structure of the economy. This study
seeks to assess the impact of exchange rate volatility on agric-sector lending using the
Agricultural Development Bank (ADB) as the case. The research found that farmers finance
their farming activities with money borrowed from family and friends. It also found that
exchange rate volatility negatively affects agric-sector lending which in turn affects agricultural
export volumes. The study recommends that farmers must come together to form societies
which stand a better chance of accessing credit. The study also recommends that Financial
Institutions organize financial literacy programs to educate farmers on the requirements they
must meet in order to access credit. In addition, the study recommends that the Bank of Ghana
collaborates with the Ghana Association of Bankers to develop a comprehensive policy to help
farmers to access credit.
CDR, C (2021). Assessing The Impact Of Exchange Rate Volatility On Agric-Sector Lending: A Case Study Of Agricultural Development Bank. Afribary.com: Retrieved April 11, 2021, from https://afribary.com/works/assessing-the-impact-of-exchange-rate-volatility-on-agric-sector-lending-a-case-study-of-agricultural-development-bank
Coalition, CDR. "Assessing The Impact Of Exchange Rate Volatility On Agric-Sector Lending: A Case Study Of Agricultural Development Bank" Afribary.com. Afribary.com, 07 Apr. 2021, https://afribary.com/works/assessing-the-impact-of-exchange-rate-volatility-on-agric-sector-lending-a-case-study-of-agricultural-development-bank . Accessed 11 Apr. 2021.
Coalition, CDR. "Assessing The Impact Of Exchange Rate Volatility On Agric-Sector Lending: A Case Study Of Agricultural Development Bank". Afribary.com, Afribary.com, 07 Apr. 2021. Web. 11 Apr. 2021. < https://afribary.com/works/assessing-the-impact-of-exchange-rate-volatility-on-agric-sector-lending-a-case-study-of-agricultural-development-bank >.
Coalition, CDR. "Assessing The Impact Of Exchange Rate Volatility On Agric-Sector Lending: A Case Study Of Agricultural Development Bank" Afribary.com (2021). Accessed April 11, 2021. https://afribary.com/works/assessing-the-impact-of-exchange-rate-volatility-on-agric-sector-lending-a-case-study-of-agricultural-development-bank