USAID announces $500,000 grant to support agriculture activities in Northern Ghana

Published 2023년 4월 19일

Tridge summary

A $39.5 million project, part of the Feed the Future Ghana Market Systems and Resilience (MSR) Activity, aims to benefit 200,000 farmers in Northern, North East, Upper West and Upper East regions by boosting 12 crop value chains and improving commercial relations. A significant aspect of this initiative is the innovative finance grant window, which has received 185 applications and has processed 108, aiming to reduce lending costs and improve financial service liquidity. This grant is open to commercial and rural banks, microfinance institutions, and non-bank financial institutions, with a focus on providing incentives for increased financial access to small and medium enterprises. The MSR Activity, led by ACDI/VOCA, hopes to enhance agricultural-led economic growth, address food security, and combat poverty through these financial and support services.

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Original content

The innovative finance grant window forms part of a $39.5 million five-year project targeting 200,000 farmers in 17 districts across the Northern, North East, Upper West and Upper East regions. The initiative, under the Feed the Future Ghana Market Systems and Resilience (MSR) Activity programme, is aimed at supporting the development and economic growth in 12 targeted crop value chains, namely maize, soya bean, cowpea, groundnut, moringa, mango, okro, shea, tomato, onion, bambara beans and pepper. MSR activity focusing on strengthening commercial relationships between market actors such as out-grower businesses, smallholder farmers, producers, processors, buyers, input suppliers and lenders is being implemented by a consortium of partners led by ACDI/VOCA, an international development non-profit organisation. Eligible applicants for the grant include commercial banks, rural banks, microfinance institutions and non-bank financial institutions. Impact investors, business ...

Source: Agrifocusafrica