Ghana procures 1,300 outboard motors worth US$3.4m for fishers funded by ADB

GHANA – The Agriculture Development Bank (ADB) has pre-financed the purchase of 1,300 outboard motors for the Coastal Development Authority (CODA) and the Ministry for Fisheries and Aquaculture Development in Ghana at a cost of GH¢19.8million (US$3.4m), aimed to support the country’s fisheries sector. The outboard motors used to propel the boats will be sold to the local fishers at highly subsidized prices since ADB absorbed all the related cost which amounted to about GH¢7million (US$1.2m), reports Ghana Web. Japan Motors and Tri-continental Trade Incorporated aided the bank in the importation of…

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