Category: Updates

Ghana CARES Program Leverages Interest Rate Subsidies to Stimulate Agriculture and Agribusiness

In the wake of the COVID-19 pandemic, the Ghanaian government introduced the COVID-19 Alleviation and Revitalization of Enterprises Support (Ghana CARES) program. This program was initiated to aid in revitalizing and transforming the Ghanaian economy, significantly disrupted by the pandemic. A crucial component of this initiative is the Interest Rate Subsidy (IRS) program which provides […]

Harnessing Ghana’s Agricultural Potential: GIRSAL CEO Advocates for Collaboration and Coherent Policies

The Chief Executive Officer of GIRSAL, Mr. Kwesi Korboe, strongly advocates collaboration, partnerships, and coherent policies in the agricultural sector. Acknowledging agriculture as a cross-sectoral industry, he stresses the importance of strengthened partnerships and collaborations for achieving significant outcomes in Ghana. The inability to unite various sector actors for growth, according to Mr. Korboe, is […]

Update: GIRSAL’s Commercial Chili Production under Shade-Net Pilot Project

Ghana’s fresh chili pepper export industry is set for a remarkable revival due to the progress achieved by GIRSAL and partners in its chili pepper production pilot project using net house technology. The first of four planned trial farms located at Dahwenya, in the Greater Accra region, has shown promising results, demonstrating the potential of […]

GIRSAL Assesses Ghana’s Fertilizer Subsidy Program: Stakeholders Validate Key Findings and Recommendations

GIRSAL, through its Agriculture Stakeholder Convening and Advocacy Platform (ASCAP), held a stakeholder validation workshop to substantiate findings from an assessment of the Fertilizer Subsidy Program (FSP) to ascertain the program’s effectiveness, efficiency, and sustainability. The ASCAP initiative launched last year aims to bring together government institutions, private sector participants (financial institutions, agribusinesses, farmer-based organizations) […]

GIRSAL Supports CALBank to Strengthen their Capability to Finance Agriculture Through an Agribusiness Unit

In a significant move to boost agricultural financing in Ghana, GIRSAL has signed a Memorandum of Understanding (MoU) with CalBank PLC to strengthen the bank’s capability to handle and finance agricultural businesses, primarily by facilitating the establishment of an effective agribusiness unit dedicated to processing agricultural loan applications. This strategic partnership comes at an opportune […]

Strengthening Collaboration in Ghana’s Agricultural Sector: The Role of ASCAP

Agriculture remains an important pillar of Ghana’s economy, employing nearly half of the workforce and contributing about 20% to the nation’s Gross Domestic Product (GDP). Although growing at an annual average rate of about 5% over ten years (2012-2021), agriculture has the potential to contribute even more to Ghana’s socioeconomic standing given the nation’s rich […]

GIRSAL and Development Bank Ghana Sponsor Seven Ghanaian Bankers to Learn from Kenya’s VegPro Group

Agriculture plays a crucial role in Ghana’s economy, contributing significantly to the country’s Gross Domestic Product (GDP). Despite its enormous growth potential, only 4% of bank loans are directed towards the sector. To tackle this challenge, Ghana Incentive-Based Risk-Sharing System for Agriculture Lending (GIRSAL) has set up a Technical Assistance Facility aimed at increasing financial […]