An Expert in Agribusiness and Social Responsibility by name Arnold Parker has explained how important the Shea Trees and the North are and used the opportunity to advocate for more protection of the Shea Tree.

During a Public Interest engagement with Farmers at Upland Hotel on how to Establish a Cocoshe Bank in Ghana, Mr. Parker explained the Need for a Bank for Farmers detailing that some banks established for that purpose have failed in that Regard. He added that Shea Trees in the North have Medicinal and commerical Value and should be accepted as Collateral in banks to give loans to Farmers.

He went further to state that the Shea Tree can live up till 200 years and with more Shea Nuts being produced annually, it can pay off the loan of the farmer.

“..I wonder why banks do not accept Shea trees as collateral for issuing loans to Farmers, the tree can live for up to 200 years and should be considered than cars, a car depreciates annually but its accepted by Banks..”

Arnold Parker was speaking to Farmers at Upland Hotel on 1st June 2023.

He Urged Farmers to buy more shares in order for Cocoshe Group to Establish a Cocoshe Bank in support of Farmers, he said the Minimum Shares one could acquire is 150 shares valued at Ghc150.

He said the Group Needs Ghc100 Million for the Start.

Source: Upperwestmedia.net