GIRSAL

GIRSAL, through its Agriculture Stakeholder Convening and Advocacy Platform (ASCAP), has held a stakeholder validation workshop to substantiate findings from an assessment of the Fertiliser Subsidy Programme (FSP) to ascertain its effectiveness, efficiency, and sustainability. The ASCAP initiative launched last year aims at bringing together government institutions, private sector participants (financial institutions, agribusinesses, farmer-based organisations), and development partners to collaborate on addressing issues in the agricultural and agribusinesses space. One such vital issue is an assessment of the Fertiliser Subsidy Programme, which has been a key component of the Planting for Food and Jobs (PFJ) initiative targeted at improving crop…

The Ghana Incentive-Based Risk-Sharing System for Agricultural Lending (GIRSAL) has exported its first chili in commercial quantity after the company piloted production of the vegetable within a controlled greenhouse environment in Accra. GIRSAL indicated that the initiative was to develop a business case to attract commercial financing into the country’s fruit and vegetable production in. Planting activities started at the project’s first location in the Agri Impact Greenhouse Enclave at Dawhenya on May 17 this year, with harvesting and export commencing on July 24. It is expected that results from the commercial trial in terms of costs for required infrastructure…

The Ghana Incentive-Based Risk-Sharing System for Agricultural Lending Project (GIRSAL) is proposing a credit guarantee financing system for future fertiliser subsidy programmes (FSP), so as to aid growth in the agricultural sector. GIRSAL’s Chief Executive Officer, Kwesi Korboe – speaking to the B&FT during the company’s assessment of the FSP under government’s Planting for Food and Jobs programme at a stakeholder validation workshop in Accra, said the credit guarantee-backed financing arrangement will tremendously reduce interest costs on fertilisers to farmers. “The credit guarantee for financial institutions to establish letters of credit (LC) for participating firms, backed by government promissory notes…