EDAIF Provides More Funds For Businesses

In middle is Dr. Barfour Osei, Ag. CEO, EDAIF

In middle is Dr. Barfour Osei, Ag. CEO, EDAIF

The Board of the Export Trade, Agricultural and Industrial Development Fund (EDAIF), in May 2014 approved about GH¢ 21 million to seven Ghanaian businesses and institutions.

A statement issued by EDAIF in Accra on Friday said out of the seven businesses and institutions that received support, six were awarded grants totaling about GH¢20 million, while one received short term loan of about GH¢1 million.

The short term loan was approved to supplement the working capital of a cashew nut firm.

“The grant approvals were extended over a variety of supports: the production of sandals for school children; the production of pineapple suckers; the transformation of organic waste into organic fertilizer; shea butter-processing; the production and export of melons as part of diversifying the export base of the economy; and support of activities of some government institutions,” it said.

EDAIF urged Ghanaian businesses to contact the organisation for further information on its activities.

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