- Ghana has received a US$6 million loan from IFAD that will allow rural poor people and smallholder farmers to achieve better livelihoods by increasing their access to sustainable financial services and technical support.
The Rural and Agricultural Finance Programme is intended to support improved livelihoods for poor rural populations, with particular attention to smallholder farmers, women and young people.
The loan and agreement for the programme was signed yesterday in Rome by Kwesi Ahwoi, Minister of Food and Agriculture of the Republic of Ghana, and Kevin Cleaver, Assistant President, Programme Management Department of IFAD.
Too often smallholder farmers are unable to capitalise on high food and agricultural prices because of lack of access to credit or financial services. The programme will strengthen institutional performance, outreach and client orientation in all segments of the rural financial system, with particular focus on agricultural finance.
The programme will also draw on current efforts to apply pro-poor methodologies and assist in providing technical support to agricultural value chains.
Through this project, IFAD has funded 15 projects in Ghana for a total investment of more than US$ 184 million.
IFAD-funded projects in the country have supported cassava production to improve food security, rural enterprises’ development and consolidation and expansion of the rural banking network.
afrol News - It is called "financial inclusion", and it is a key government policy in Rwanda. The goal is that, by 2020, 90 percent of the population is to have and actively use bank accounts. And in only four years, financial inclusion has doubled in Rwanda.
afrol News - The UN's humanitarian agencies now warn about a devastating famine in Sudan and especially in South Sudan, where the situation is said to be "imploding". Relief officials are appealing to donors to urgently fund life-saving activities in the two countries.
afrol News - Fear is spreading all over West Africa after the health ministry in Guinea confirmed the first Ebola outbreak in this part of Africa. According to official numbers, at least 86 are infected and 59 are dead as a result of this very contagious disease.
afrol News - It is already a crime being homosexual in Ethiopia, but parliament is now making sure the anti-gay laws will be applied in practical life. No pardoning of gays will be allowed in future, but activist fear this only is a signal of further repression being prepared.
afrol News / Africa Renewal - Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.