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
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