farmers

As part of the NDC 2012 manifesto promise to channel more resources to the agriculture sector following the amendment of the EDIF Law an amount of GH 55,806,267.00 has been approved as credit and project facilities by the board of the Export Trade, Agricultural and Industrial Development Fund (EDAIF) to local farmers.

The amount was released in February, 2014 for 10 businesses engaged in different sectors of the economy.

The approval is in line with the Fund?s objective of providing financial resources for the development and promotion of export trade, agro processing and industrial development.

GH? 46541.00 out of the total approval was for new credits and projects whiles GH ?9265209.00 was for rescheduled credit facilities.

The purpose of the credit facilities advanced in maintenance of existing farms, irrigation, augmenting working capital, refinancing of existing loans etc to meet international standards.

Source: Andrews Nettey

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