Markets
IFAD Projects
Wednesday, 31 May 2006 10:53

OBJECTIVE: 

As part of poverty alleviation interventions, Government of Ghana (GOG) took various loans from the International Fund for Agricultural Development (IFAD) to estatablish various projects with a view to support micro/small enterprises in Ghana. The projects include: 

 

  • Smallholder credit, Input Supply & Marketing Project (SCIMP)
  • Rural Enterprises Project (REP)
  • Upper West Agricultural Development Project (UWADEP)
  • Upper East Land conservation & Rehabilitation Project (LACOSREP) 


SECTORS COVERED 
Generally the Projects cover short-term loans of up to 1 year in the following areas:

  • Services
  • Marketing
  • Cottage Industries
  • Agro-processing
  • Traditional Craft etc 


LOANS 
Loan applications are made to the project coordinator through the Participating Financial Institutions (PFI) which include:

  • Rural Banks
  • Commercial Banks
  • Micro Finance Institutions etc. 

On behalf of Minister of Finance, BOG disburses funds to PFIs based on advice from Project coordinators of the various projects.