Audio By Carbonatix
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:
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.
Latest Stories
-
Accommodation constraints threaten audit independence despite new Kumasi office complex
4 minutes -
“Stomach journalism” threatens media integrity – Prof Karikari
5 minutes -
National Signals Bureau trial: Court told Adu-Boahene, wife signed cheques long before withdrawals
11 minutes -
I am proud to serve under a President who demands accountability — Julius Debrah
17 minutes -
Everton fan arrested after alleged racist abuse directed at Man City’s Antoine Semenyo
18 minutes -
Bond market: Turnover rebounds strongly rising by 319% to GH¢2.34bn
23 minutes -
President Mahama, Health Minister must ensure opening of completed specialised children’s hospital – Weija-Gbawe MP
27 minutes -
Catholic Bishops commend Ntim Fordjour over Accra carnival concerns
29 minutes -
Students at JAPASS learn to speak up on breast cancer
34 minutes -
Manuel Life Foundation distributes over 1,500 exam materials to BECE candidates in Nkoranza South
34 minutes -
Dorcas Afo-Toffey marks birthday by paying delivery bills at Half Assini Hospital
36 minutes -
Cedi depreciation against dollar hits 5.86%, but BoG increases support to tackle pressures
39 minutes -
Laboratory professional workers declare nationwide strike over removal of Korle-Bu Laboratory Head
42 minutes -
John Jinapor signs key gas expansion agreement to boost Ghana’s energy security
51 minutes -
Absa Bank launches Island Escape promotion offering trips to Mauritius and local getaways
58 minutes