• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Agribusiness

Agribusinesses to receive more support through GIRSAL and DBG

3 years ago
in Agribusiness, Banking & Finance, Features, highlights, Home, home-news, latest News
2 min read
0 0
0
78
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Agribusinesses to receive more support through GIRSAL and DBG

The Ghana Incentive-based Risk Sharing for Agricultural Lending (GIRSAL) announces its collaboration with the newly established Development Bank Ghana (DBG) which is aimed at improving the funding and capacity-building opportunities for agriculture-based businesses (agribusiness) and agriculture generally in Ghana.

As a non-bank financial institution, GIRSAL has been at the forefront of de-risking agricultural financing by financing institutions, through the issuance of agricultural credit guarantee instruments, to enhance the total amount of credit to the agricultural and agribusiness sectors.

Currently capitalized with over GHS200 million and USD14 million, GIRSAL continues to look for opportunities to improve its support to agriculture and agribusiness including the provision of technical support.

In line with its approach, GIRSAL collaborates with its immediate and direct clients, namely financial institutions made up of universal banks, savings and loans companies, rural and community banks, and other lenders or investors who demonstrate a desire to work with GIRSAL, to improve the support for agricultural lending.  

Over the years, GIRSAL has formed partnerships with banks and institutions that are well placed to offer financial and technical support to their focus sector. With the introduction of DBG, GIRSAL looks forward to a collaboration that would inject the much-needed improvement to what it has been doing since its inception. GIRSAL’s collaboration with DBG is structured on three pillars. 

  • One is to build the capacity of DBG by providing training programmes that would deliver a greater appreciation of the agricultural sector. GIRSAL has done this over the years to enable banks to access and evaluate agricultural projects. 
  • The second is to support DBG’s efforts to assess projects that commercial banks submit to them for funding; to have a better understanding of the risk elements, the technical viability, financial viability, and how such facilities should be structured. 
  • The third is that the two institutions are a good fit for participating financial institutions like banks to understand and support the agricultural sector.

Commenting on the collaboration, GIRSAL Chief Executive, Mr. Kwesi Korboe said, “GIRSAL as an institution has a sole objective of ensuring that financial institutions lend to players in the agribusiness sector. The key issues are always getting funding that is long-term and priced in a very competitive way that makes it possible for agribusinesses to borrow money from the financial institutions for their businesses. What DBG brings to the table which we find very exciting and critical is that they have a pool of funds that is competitively priced and also has a long tenure which allows commercial banks to access and potentially on-lend to agribusinesses. This will ensure that we have a very vibrant agribusiness in this country.”

RelatedPosts

E&P Defends $100m Acquisition of Black Volta Gold Project From Azumah Resources

Joy FM’s Edem Knight-Tay Joins UMB in Strategic Communications Role

Ghana Infrastructure Investment Fund (GIIF) Board Inaugurated

GIRSAL acknowledges that the agricultural sector or agricultural value chains require a lot of funding and technical support in order to cut across most of the activities along the value chain from production, processing-related activities, marketing haulage and value addition.

Through the partnership with DBG, GIRSAL aims to ensure that there is an increased pool of funds and capacity-building opportunities available for agribusinesses to access to improve their businesses.

This would result in more rural employment as most agribusinesses operate in the rural areas usually on production-related activities which typically require more hands.

It would also result in increased exports which would generate more foreign exchange for Ghana and lead to a reduction in the value of food and other agricultural products imported into this country. GIRSAL, therefore, considers the socio-economic benefits of the collaboration with DBG as very attractive for the country as the ultimate impact will be very positive.

GIRSAL is well placed to support all agricultural value chains and continues to do so through touch points such as input suppliers, producers, aggregators, transporters, warehousing, marketing, and processors/value addition.

These have been possible through working with financial institutions and intermediaries to strengthen their institutional capacity to support new lending to agribusinesses in selected value chains, offering participating financial institutions who grant loan facilities to agribusinesses credit risk guarantee cover, and facilitating technical support to farmer groups and agribusinesses in the value chains to build their capacity and thereby prepare them to access loan facilities. 

DBG will launch on 14th June. It is expected to begin making further announcements in the very near future. 

Tags: aggregatorsAgribusinesses to receive more support through GIRSAL and DBGagricultural value chainsDevelopment Bank Ghana (DBG)Ghana Incentive-based Risk Sharing for Agricultural Lending (GIRSAL)input suppliersmarketingproducerstransporterswarehousing
No Result
View All Result

Highlights

MPs Vote to Establish Independent Regulator for Men’s Football in England

Four Boards, Every Signature, One Agreement: The Legal Trail That Disproves Azumah’s Public Denial of the E&P Mine Deal

Joao Pedro’s Stunning Brace Sends Chelsea to FIFA Club World Cup Final

Djokovic Chases Record 25th Title as Sinner and Swiatek Aim for Wimbledon Glory

GSE Composite Index Inches Up as Market Capitalization Rises to GHS139.41bn

Dangote Refinery to Process 100% Nigerian Crude by End of 2025

Trending

Business

E&P Defends $100m Acquisition of Black Volta Gold Project From Azumah Resources

July 9, 2025

E&P Defends $100m Acquisition of Black Volta Gold Project From Azumah Resources Engineers & Planners (E&P) Co....

Joy FM’s Edem Knight-Tay Joins UMB in Strategic Communications Role

July 9, 2025

Ghana Infrastructure Investment Fund (GIIF) Board Inaugurated

July 9, 2025

MPs Vote to Establish Independent Regulator for Men’s Football in England

July 9, 2025

Four Boards, Every Signature, One Agreement: The Legal Trail That Disproves Azumah’s Public Denial of the E&P Mine Deal

July 9, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.