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Ambbadador Luis Alfonso de Alba (3rd from left), Special Envoy of the United Nations Secretary-General for Climate Action, Dr. Nyong (center) and Mrs. Patricia Appiagyei (right), Deputy Minister of the Ministry of environment, science, technology and innovation and climatologists posting leaflets on climate action as part of the Africa Cimate Week program
The African Development Bank (AfDB) will offer Ghana a $ 20 million loan facility to support women entrepreneurs in agriculture and agribusiness in the country.
The fund will be channeled through the Risk Sharing System for Agricultural Loans (GIRSAL) based on Ghana's incentives, which optimizes lending to people working in the fields of agriculture and agriculture. 39, agri-food through a risk-sharing mechanism.
The facility, which will be paid in mid-2019, is part of the bank's efforts to address the challenges women in the agri-food sector face in accessing funds in Africa.
Ghana will be the first country in Africa to benefit from this mechanism as part of AfDB's Affirmative Financing for Women in Africa (AFWA) initiative.
Opportunity
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Dr. Anthony Nyong, Director of Climate Change and Green Growth at the AfDB, who informed the Daily Graphic in Accra on Tuesday, said: "This loan will be granted to women entrepreneurs in agriculture and agriculture. 39, agri-food at much more advantageous rates.
We are finalizing the development of the project with GIRSAL and hope that in the next two months we will have completed the development of the project and that the funds will be paid to Ghana shortly.
"With our positive financial action for women, we want to encourage positive discrimination against women and I am really sorry that men will not have access to this fund."
Strategy
Dr. Nyong said that, as part of the Bank's commitment to its gender equality program in line with the African Union's vision, it had developed a ten-year strategy to implement the program. work from 2012 to 2022.
He explained that the strategy aims to support inclusive growth in Africa and said: "Some African countries have discovered new sources of oil, have dug and sold them and their GDP has increased, but their indices of human development and gender are still very mediocre.
According to him, the AfDB pursued a paradigm that would leave "no one to ensure inclusive growth".
"As a bank, we also consider that women make up between 60 and 80 percent of the workforce in agriculture, which means that food production is mostly done by women. But, incidentally, women do not have access to credit like their male counterparts.
"In most African cultures, women do not even own land and therefore can not invest in these lands or use them as collateral for loans," he said.
Observation
Dr. Nyong also noted that many women on the continent have limited access to credit facilities.
"The bank's positive financial action for women in Africa is specifically designed to target women and provide them with the resources to undertake agri-food projects," he said.
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