edaif presentation

Report
AGRIC FINANCE OPPORTUNITIES
BY:
SARAH BRAINOO ARHIN
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Who we are
Activities we support
Facilities under the Fund
Eligibility
Processes
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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.
MANDATE

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Act 872 which received presidential assent in January, 2014
An agency of the ministry of trade and industry
OBJECTIVE
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To provide financial resources for the development and
promotion of:
◦ Export trade,
◦ Agriculture related to agro-processing and
◦ Industrial development
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Development and promotion of export products, export
market development and agriculture related to agroprocessing
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Infrastructure development
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Export trade oriented activities, institutions and bodies in the
public and private sector
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Small and medium scale enterprise development
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Undertaking research, appraisal and studies required to
determine the areas of export trade, agro-processing and
industry that need support
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Provision of credit and re-financing
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Equity funding through approved fund managers
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Research, Development and Promotion Account
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Disbursements are grants; non repayable
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Applied to projects that have communal benefit
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Not for production aimed at sales for the singular benefit of
producer or manufacturer
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Usually not so huge amounts
Credit Facility Account
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Granted as concessionary loans to businesses through
designated financial institutions
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Current interest rate is ≤ 12.5 per annum
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Beneficiary: wholly or majority owned Ghanaian business
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Project Account
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Accessed by public/private entities/institutions through MOTI
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Monies applied to support EDAIF’s objective (stated above)
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Can be either credit or grant
Equity Finance Account
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Newest account
Disbursed through government aided equity financing
schemes
Disbursed through private Fund Managers
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Research, Development And Promotion Account
The following are eligible and must be approved by a research
institution, GEPA or relevant government agency:
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Co-operative or association of farmers, artisans engaged in
export related activities, agriculture and agro-processing
activities
Individual, body corporate or enterprise engaged in verifiable
activity covered by EDAIF mandate
MDAs, public or private institution engaged in development
and promotion of non-traditional exports and agriculture
related to agro-processing and industry

A regional development body and
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Beneficiaries identified by the EDAIF board
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Credit Facility
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Person or enterprise registered under the companies Act,
private partnerships Act or any other enactment for the
registration of business
Majority shareholding should be Ghanaian
Projects Account
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A public of private sector entity, body or institution may apply
for project funds through the minister (MOTI)
Equity Finance Account
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Same as credit facility
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Completion and submission of application form directly to
EDAIF for grants and projects or through Designated Financial
Institutions (DFIs) in the case of credit
Applications together with business plans/proposals/ other
relevant documentation are appraised either by EDAIF alone
or jointly with DFI (In the case of credit)
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Board approval obtained or otherwise
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Disbursement of monies; direct to beneficiary or through DFI
or MDA
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Monitoring and evaluation of projects
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Maximum amount for grants is cedi equivalent of us$100,000
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Maximum for other accounts is cedi equivalent of us$3.0m
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Board with approval of minister can exceed limits
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Application forms can be obtained from:
o EDAIF web site, www.edaifgh.org
o EDAIF Secretariat in Accra.
o EDAIF office in Tamale.
o EDAIF office in Kumasi.
o Designated financial Institutions (DFIs)
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THANK YOU
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