Ghana’s Export Development and Investment Fund has reached a deal with British produce buying company Minor, Weir and Willis that should help address the age-old problem of access to foreign markets experienced by local farmers.
The British firm, under the deal is expected to provide a large clientele ready for Ghanaian farm produce which meet the standard of the UK market.
Minor, Weir and Willis operates over 600 product lines and therefore regularly requires a reliable supply of a range of diverse agric related exports.
EDIF Board Chair and former Merchant Bank MD Peter Illiasu disclosed this to Joy Business at a media interaction on the fund’s 10th anniversary.
He said the UK firm was basically an off-taker company of some agricultural projects in the country and they were helping farmers to produce within the required quality regime.
EDIF is responsible for financing the development and promotion of Ghana’s non-traditional exports on concessionary terms for the promotion of the growth of export firms.
Since its establishment EDIF has disbursed in excess of 157 Million Ghana Cedis in credit to local businesses at interest rates far below what prevails on the banking front.
Source: Joy News/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
Monetary finance must be eliminated – Ato Forson
7 minutes -
We’ll review, analyse, and ensure proper accountability – Jinapor on Gold for Oil policy
14 minutes -
Jinapor unveils ambitious plan to revive dormant refinery
15 minutes -
Breaking barriers: The inspiring tale of a single mother who achieved her PhD dreams on a foreign land
23 minutes -
Afenyo-Markin walks out on Appointment Committee during Ayine vetting
34 minutes -
KNUST appoints Kwasi Debrah as Digital Communications Officer
1 hour -
Volta Region to receive fair share of appointments in Mahama’s gov’t – V/R NDC Chairman
1 hour -
Timely and strategic approach to revitalise Ghana’s agricultural sector is needed – Klutse Kudomor
1 hour -
Fuel supply, financial challenges top priorities for energy sector – John Jinapor
1 hour -
We won’t engage in sole sourcing for ECG private sector participation – Energy Minister-designate
1 hour -
Photos from John Jinapor’s vetting for Energy Minister role
2 hours -
Public procurement and corruption in Ghana: Challenges and sustainable solutions
2 hours -
Seize campaign activities, work on rebuilding party – NPP Council of Elders tells members
2 hours -
We don’t intend to privatise VRA and Bui Power – John Jinapor
2 hours -
Import substitution strategies in the 24-Hour Economy: A catalyst for Ghana’s practical economic growth
3 hours