Darko Farms recounts how government policy impacted the company’s $10million loan loss in 1972
Founder of Darko Farms, Rev. Dr. Kwabena Darko, is imploring the government to consider local business owners in local and international economic policy formulation.
Rev. Dr. Kwabena Darko, the founder of Darko Farms, is urging the government to consider local businesses in its economic policies. The company, which was established in 1967 and is one of the largest poultry farms on the African continent, lost a $10 million World Bank loan in 1972 due to government policy. Dr. Darko attributes his company's success to the Kwame Nkrumah administration, which allowed him to study poultry farming abroad, but he blames some subsequent policies for the loss of the $10 million investment opportunity following Ghana's repudiation of foreign debts in 1972.
Darko Farms' success story has been shared with business leaders, clergy, and academia during the launch of Dr. Darko's memoir, "Courage To Lead." Prof. Stephen Adei, the former Rector of GIMPA, highlighted the importance of depoliticized support for businesses and cited South Korea as an example of how identifying entrepreneurs irrespective of political affiliation and providing them with policy and affordable credit can lead to global success.
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