High interest rates collapsing poultry industry-Poultry Farmers Poultry Farmers in the Sunyani Municipality have raised concerns about high interest rates which is collapsing the poultry industry in the country.

They, therefore, appealed to the government to intervene and provide them with 'soft loans' and other subsidies to expand and sustain their economic activities.

Mr Charles Korang, the Chairman of the Sunyani Municipal branch of the Poultry Farmers Association raised the concerns in an interview with Sompa FM during a visit to his farm at Dumasua in the Sunyani West Municipality.

He indicated that though interest on credit facilities from banks and other financial institutions were too, the farmers had no other option than to depend on them, a situation he added was "stretching" the creditors.

Mr Korang appealed for processing factories to add value to poultry products for both export and domestic purposes.

With the factory, Mr Korang said the farmers would not only have good prices for their poultry products, but also create more job opportunities for the youth.

Sompaonline.com/K.Peprah