EDAIF supports Ghanaian businesses with GHc21million

EDAIF supports Ghanaian businesses with GHc21million

Ghana-Cedis-300x211GHc21million has been approved and disbursed by the board of Export Development and Agricultural Investment Fund (EDAIF) to support seven Ghanaian businesses and institutions.

The state agency, which is responsible for providing financial resources to aid the development of local businesses in May this year presented about GHc20million to six companies.

A cashew nut firm, however, received a short-term loan of GH¢1 million to supplement its working capital.

A statement issued on behalf of the acting Chief Executive of EDAIF, Dr Barfour Osei, said the grant approvals were extended over a variety of businesses.

These included the production of sandals for schoolchildren, the production of pineapple suckers, the transformation of organic waste into organic fertilizer, shea butter processing and the production and export of melons.

All these, the statement said, were part of efforts aimed at diversifying the export base of the economy and supporting activities of some government institutions.

Ghanaian businesses were also admonished to contact the organisation for further information on its activities.

Business World (with notes from graphic)