GIRSAL held its Annual General Meeting on July 15, 2026, at the La Palm Royal Beach Hotel, in compliance with the requirements of the Companies Act, 2019 (Act 992). The meeting brought together key stakeholders, including the Ministry of Finance (the shareholder), the External auditors, PKF, the Board of Directors, and the executive management team.
The Ministry of Finance was represented by a six-member delegation, led by Mr. Kwame Okyere-Mensuo, Director of Public Investments and Assets Division (PIAD) and Mr. Louis Kwame Amo, Director of Financial Sector Division.
The meeting was to deliberate on the 2025 audited financial statements and chart strategic direction for the year ahead, in line with GIRSAL’s mandate to de-risk agricultural lending in Ghana.
The Board Chairman of GIRSAL, Prof. Richard Jinks Bani, in his opening remarks, reaffirmed the Board’s commitment to working closely with Executive Management to ensure good corporate governance practice and boost the company’s financial position.
A cross-section of stakeholders at the AGM
The Chief Executive Officer, Mr. Nicholas Afrifa, in his presentation, highlighted the Company’s growing contribution to agricultural finance and its impact across Ghana’s agribusiness landscape.
He stated that, over the past six years, GIRSAL has guaranteed loans valued at GHS 1.85 billion to agribusinesses across the country, with more than GHS 604.54 million in guaranteed loans successfully repaid to date.
The CEO said the Credit Risk Guarantee (CRG) Scheme has through the 40 participating financial institutions (PFIs), supported 6,695 agribusinesses in 88 districts across the 16 regions of Ghana, covering a broad range of agricultural value chain activities. These include input supply, production, aggregation, processing, marketing, services and export.
These results demonstrate the role of GIRSAL’s risk-sharing model in addressing one of the longstanding challenges facing agricultural finance: the perceived and actual risks associated with lending to the sector. By providing credit guarantees to PFIs, GIRSAL enables them to extend financing to viable agribusinesses while managing the risks associated with agricultural lending.
Mr Kwame Adu Okyere-Mensuo, on behalf of the Minister for Finance, commended GIRSAL for the socio-economic and developmental impact made and urged the Company to remain conservative and prudent in its financial management, in order to preserve and grow its capital base and sustain the guarantee fund.