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Business News of Wednesday, 26 August 2015

Source: B&FT

EDAIF approves GH¢28.5m for 135 beneficiaries

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The Export Trade, Agricultural and Industrial Development Fund (EDAIF) has provided about GH¢28.5 million to 135 beneficiaries within three months.

" EDAIF continues to provide significant support to Ghanaian producers and entrepreneurs. Over the last three months, about GH¢ 28.5 million was approved in favour of 135 beneficiaries in the public and private sectors," Dr. Barfour Osei, CEO of EDAIF

Specific sectors that received funding include poultry, agricultural production, agro -processing and manufacturing. The Export Trade, Agricultural and Industrial related activities of three public sector institutions were also supported to enable them implement a number of projects.

He added that a new phase of the EDAIF funded mango project, which is in its sixth year of implementation was also supported.

He said financial support was approved to expand the mango cultivation by an additional 2,800 acres in all regions of the country in 2015.

"The Board and Management of EDAIF wish to encourage small-holder Ghanaian cooperatives, associations and businesses to contact the organization for further information," he said.