By: Linda Dede Nyanya Godji
USAID supported Feed the Future Ghana Mobilizing Finance in Agriculture (MFA) Activity has been launched in Accra. The objective is to increase the commercial financing available for agriculture and to enable capital investment and trade in Ghana
The four- year MFA project (2020-2024) is focused on targeted crops in the agric value chain including, Maize, Soyabeans, Groundnut, Cowpea, Shea, Cashew, Mango and other high value export Commodities.
Micro, Small, Medium as well as Large Enterprises will receive MFA support .Input dealers, producers, and processors are an integral part of the support package with Aggregators, storage service providers, traders (retailers exporters), Agriculture logistical firms and technology service providers.
Speaking at the virtual launch of the project in Ghana, the US Ambassador to Ghana, Stephanie S. Sullivan re-affirms US government’s commitment to assist Ghanaians achieve self-reliance by supporting agri-businesses for improved revenues and strengthen trade between Ghana and the United States.
The launch focused on “Financing Ghana’s Agriculture – a critical pathway towards sustainable growth, self-reliance and Prosperity.”
The US Ambassador stated that the project will help finance agriculture in three ways: Expand existing and Find new sources of finance and to partner investors, associations, tech firms and financial institutions to access finance with women and youth in agribusinesses being the prime target.
She said the US government is ready to support businesses that are committed and prepared to expand and urged all agribusiness owners, banks, business advisory providers and farmers to take advantage of the MFA support to grow their businesses, expand into new markets and create good jobs.
“Feed the Future MFA Activity can help businesses meet its goals and aspirations and contributing to Ghana’s growth and wellbeing of her people.” Ambassador Sullivan stated.
