EDIAF Fund - DAIN Network

Report
Export Trade,Agricultural and
Industrial Development Fund
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Who we are
Our Purpose
Sources of Funding
Facilities under the Fund
Collaborations
Conclusions/Way forward
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EDAIF (The Fund) – a public Investment Fund
operating as an agency of the Ministry of
Trade and Industry and governed by an Act of
parliament.
Act 582 (2000) gave birth to the Export
Development and Investment Fund (EDIF) with
the object to provide financial resources for
the development and promotion of the export
trade of Ghana.
Act 823 (2011) amended Act 582 to include
financing for agriculture relating to agroprocessing and agro-processing industry.
Export Trade,Agricultural and
Industrial Development Fund
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Consequently, the Fund was christened Export
Development and Agricultural Investment Fund
(EDAIF)
Act 872 (2013) further amended Act 823 to
include the provision of financial resources for
Industrial Development and Equity financing.
In light of the amendment, the Fund is now
known as Export Trade, Agricultural and
Industrial Development Fund but the acronym
"EDAIF" remains unchanged.
.
Export Trade,Agricultural and
Industrial Development Fund
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To provide financial resources for the
development and promotion of:
1.
export trade,
2.
agriculture related to agro-processing and
3.
industrial development.
Export Trade,Agricultural and
Industrial Development Fund
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Monies from the Fund are available for the
following activities;
i.
ii.
Development and Promotion of products for export
Development of agriculture relating to agroprocessing and agro-processing industry
iii. Capacity building, market research relating to
exports and development of infrastructure.
iv. Export trade and agriculture oriented activities of
institutions and bodies both in the public and
private sector.
v. Fostering the development of SMEs
vi. Equity funding
Export Trade,Agricultural and
Industrial Development Fund
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 The
Fund is sustained by inflows from the
following sources:
0.75% of value of non-petroleum commercial
imports.
10% of net divestiture proceeds
Such other monies as the Minister of Finance in
Consultation with the Minister of Trade and
Industry with Parliament’s approval may
determine to be paid into the Fund.
Recoveries of loans and interest payments,
Export Trade,Agricultural and
Industrial Development Fund
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Credit Account
Research, Development and Promotion
Account
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Project Account
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Equity Account.
Export Trade,Agricultural and
Industrial Development Fund
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Eligibility/ Interest Rate:
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Institutions and organisations in the public
and private sector engaged in the provision
of services to the export sector, agriculture
relating to agro-processing & agroprocessing and manufacturing.
To benefit from the Fund, companies or
enterprises must be wholly Ghanaian owned
or partly owned but with Ghanaian majority
shareholding.
Interest Rate Applicable is currently12.5%.
This is however subject to review by the
board from time to time
Export Trade,Agricultural and
Industrial Development Fund
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Credit facilities granted shall cover the following
periods:
◦ Short term facility for a period not exceeding two (2)
years;
◦ Medium term facility for a period not exceeding five
(5) years;
◦ Long term facility for a period not exceeding ten (10)
years.
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Security for Loans to be determined by DFI
(traditional security de-emphasized)
DFIs bear full credit risk for loans granted to them
for on-lending
Export Trade,Agricultural and
Industrial Development Fund
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Supports all sizes of companies – Small,
medium and large.
No prescribed minimum amount of loan.
Currently, maximum loan amount of
GH¢10,000,000.00) per beneficiary.
Export Trade,Agricultural and
Industrial Development Fund
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Export Trade,Agricultural and
Industrial Development Fund
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An applicant seeking credit facility from EDAIF must obtain a
prescribed application form in triplicate from a Designated
Financial Institution of his/her choice.
One completed application form should be submitted
(together with the relevant documents) to the DFI where the
form was obtained and one lodged with EDAIF
The DFI will appraise and give provisional approval (or
otherwise) to an application. Approved applications are
submitted to EDAIF. After review, final approval or otherwise
shall be granted by the EDAIF Board.
Export Trade,Agricultural and
Industrial Development Fund
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Supports activities of groups and institutions
in the development and promotion of export
products and provision of services to the
export sector.
The RDPF is administered directly by EDAIF
without DFIs
Export Trade,Agricultural and
Industrial Development Fund
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Activities funded under RDPF include the
following:
◦ Product Development and Promotion,
◦ Capacity Building , Market research and
Development of Infrastructure
◦ Development and Promotion of other
entrepreneurial activities
◦ Export Trade – Oriented Activities of Institutions
Export Trade,Agricultural and
Industrial Development Fund
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Institutions, Organizations, Product and
Trade Associations in both the Private and
Public Sectors which provide services to the
Export sector.
The assistance provided under the RDPF is
expected to benefit groups, sector or
industry and NOT an individual.
Export Trade,Agricultural and
Industrial Development Fund
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 The following should be submitted to the
Fund:
o A completed application form.
o Technical and financial proposal and a
comprehensive business plan
o An M&E plan (result framework).
 Application forms can be obtained from:
o
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o
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EDAIF
EDAIF
EDAIF
EDAIF
web site, www.edifgh.org
Secretariat in Accra.
office in Tamale.
office in Kumasi.
Export Trade,Agricultural and
Industrial Development Fund
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:
 Sectors
• Primary Agriculture
• Special Government
Initiatives
• Capacity Building
• Research
• Fairs & Exhibition
• Product
Development
• Others
 Institutions
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GEPA
AGI
NBSSI
VEPEAG
Export Trade,Agricultural and
Industrial Development Fund
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Eligibility:
◦ A public or private sector entity, body or institution
may apply for project funds through the Minister
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Purpose:
◦ Projects are designed to promote export trade,
import substitution, agric/agro-processing, export
oriented manufacturing and processing
Export Trade,Agricultural and
Industrial Development Fund
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Eligibility
◦ A person or enterprise may apply for equity funding to a
designated equity fund manager if that person or
enterprise:
 Is registered under the Companies Act or Incorporated
Private Partnership Act
 Has a majority shareholding held by a Ghanaian citizen
 Is engaged in export trade, export oriented manufacturing
activities, agric/agro-processing and industrial dev’t.
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Management
◦ Shall be disbursed through government aided equity
financing schemes and private equity fund managers.
◦ An equity fund manager shall invest in any business
provided in the Regulations and policy guidelines from
the EDAIF Board.
N/B: This facility is yet to be Operational
Export Trade,Agricultural and
Industrial Development Fund
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The new EDAIF Act was enacted to provide
financial resources for the development and
promotion of export trade, agriculture related to
agro-processing and industrial development.
This is for both the Private and Public sectors.
The Private Sector, especially SMEs and Agrobased companies, should therefore take
advantage of the opportunities offered.
EDAIF’s doors are opened to give the necessary
support to help build our indigenous companies
and thereby ensure prosperity for Ghanaians.
Export Trade,Agricultural and
Industrial Development Fund
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HEAD OFFICE ACCRA
3rd FLOOR, GOC BUILDING,
P. O. BOX MB 493 ACCRA/GHANA
TEL: 0302 – 918968 / 0243690520
FAX: 0302 – 671573
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TAMALE OFFICE
GUMANI NEW ROAD.
ADJECENT MALARIA CONTROL OFFICE
P. O. BOX TL 2314
TAMALE
TEL: 03720 – 28053
FAX: 03720 – 28052
WEBSITE: www.edaifgh.org
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KUMASI OFFICE
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Export Trade,Agricultural and
Industrial Development Fund
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THANK YOU
Export Trade,Agricultural and
Industrial Development Fund
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