The Board of the Export Trade, Agricultural and Industrial Development Fund (EDAIF) in February this year gave GH₵56million to 10 businesses engaged in different sectors of the economy.
These approvals are in line with the fund’s objective of providing financial resources for the development and promotion of export trade, agriculture related to agro-processing and industrial development.
Most of the approvals, constituting nine businesses, were to the agricultural sector in addition to one pharmaceutical business. While an amount of GH₵46,541,058 out of the total approval was for new credits and projects, GH₵9,265,209 was for rescheduled credit facilities.
The purpose of the credit facilities advanced was for maintenance of existing farms, irrigation, augmenting working capital, refinancing of existing loans, and construction of structural facilities such as manufacturing and agro-processing to meet International Standards.
EDAIF, in accordance with its mandate, will continue to provide support to businesses and industry for socio economic development of Ghana, and encourages all those who require support to visit the EDAIF website to access and download the relevant application and guidelines.
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