During his visit to Ghana on the 4th July UK Minister for Africa Mark Simmonds announced that £10 million (USD 15 million) of funding for agricultural investment from the UK Department for International Development (DFID) will be channelled through AgDevCo. the fund will invest between USD 200,000 and 1,000,000 in the form of concessional debt and equity in small- and medium-sized agricultural businesses in northern Ghana. Hands on management support and technical assistance will also be provided. As a result 160,000 small-scale farmers will be linked to better markets and experience an increase in their income.
It is anticipated that the fund will be operational by the end of 2013. AgDevCo has already established an office in Ghana, making it easier to identify eligible businesses through our networks, business associations and occasional calls for proposals.
For the announcement please click here.