• About Us
  • Contact Us
Ghana Talks Business
  • Home
  • News
  • Business
  • Personal Finance
  • Travel
  • Lifestyle
  • Media
  • Features
  • Africa Media
No Result
View All Result
  • Home
  • News
  • Business
  • Personal Finance
  • Travel
  • Lifestyle
  • Media
  • Features
  • Africa Media
No Result
View All Result
Ghana Talks Business
No Result
View All Result

EDAIF supports 28 businesses with GH¢57.1m

17/08/2014
Reading Time: 1min read
0
SHARES
Share on FacebookShare on TwitterShare on WhatsApp

The Board of Directors of the Export Trade, Agricultural and Industrial Development Fund (EDAIF) has approved GH¢₵57.1 million in grants and credit to 28 businesses in the country in June and July, this year.

The beneficiaries included 15 small-holder cooperatives and associations, eight companies and five public institutions in the export trade, agriculture and industrial sectors.

A statement issued to the Daily Graphic in Accra said a grant facility of GH∞₵48.5 million was approved in support of government’s initiatives and interventions in different sectors of the economy.

Major among these was an approval of GH¢₵21.7 million towards expanding local rice production.

Shea butter cultivation in Northern Ghana also benefitted, having received GH¢₵3.43 million, the statement said.

Other activities that received approval were; GH¢₵6.37 million for the establishment of the Ghana Commodities Exchange and GH¢₵2.88 for the cultivation of kenaf plant by small holders to serve as raw material for the manufacture of jute sack in the country.

Part of the funds was also disbursed for honey production, oil palm processing, fish production and production of organic fertiliser.

Under the disbursement, the statement said two firms would receive a total of GH¢₵8.4 million in loans to support the processing of oil palm and the manufacture of footwear.

The EDAIF support for small-holder associations and cooperatives is in line with government’s commitment to enhancing the productive capacity of the small and medium scale enterprises.

Source: Graphic

Previous Post

BoG outlines roadmap to cash-lite economy

Next Post

Five Things Africa Must Learn From The Ebola Outbreak

Related Posts

Cocoa processing in Ghana, ghanatalksbusiness.com

Two entrepreneurs share insights into opportunities in cocoa processing in Ghana

25/01/2021
purchasing private health insurance

Purchasing Private Health Insurance – What to look out for in the Benefits Package

25/01/2021
entrepreneurship and fight against covid

Deploying True Entrepreneurship in the fight against Covid

25/01/2021
Cloud computing for business

Cloud computing, and how it can help your business grow

24/01/2021
Fuel Prices in Jan

Fuel prices rise in Jan – This is how much a litre of fuel costs now

24/01/2021
mobile money ID, ghanatalksbusiness.com

Why MTN MoMo agents will demand ID’s from MoMo customers from April 1

22/01/2021
Next Post

Five Things Africa Must Learn From The Ebola Outbreak

Fuel shortage: BDCs blame banks for payment delays

  • About Us
  • Disclaimer
  • Privacy Policy
  • Advertising
  • Contact Us

© 2020 Ghana Talks Business

No Result
View All Result
  • Home
  • News
  • Business
  • Personal Finance
  • Travel
  • Lifestyle
  • Media
  • Features
  • Africa Media

© 2020 Ghana Talks Business