What does GIRSAL do?
GIRSAL’s core objective is to de-risk agribusiness financing by Ghanaian financial institutions, and thereby increase lending to the agricultural sector. We achieve our objective through 4 inter-related pillars which are Agricultural Credit Risk Guarantee Facility to de-risk and provide an incentive to financial institutions to lend more to the agricultural sector. Learn More Technical Assistance […]
Are there exclusions?
Yes, GCGS does not guarantee overdrafts, contingent liabilities including performance and advance payment guarantees or loans for dividend payment.
Does GCGS guarantee interest on loans as well?
No
What is the maximum guarantee amount?
Up to 70% of the loan amount or a maximum of GHS15M.
Does the tenor include a moratorium?
Yes, with a maximum period of 12 months.
What is the maximum tenor of the Credit guarantee?
5 years
Does GCGS provide full guarantees?
No, it provides partial guarantees only
What is the application criteria?
Enterprises must have: Been impacted by COVID -19 or identified an opportunity created as a result of COVID 19. At least 100 employees or a minimum annual turnover of GHS10M.
Does GCGS deal directly with enterprises?
GCGS deals with participating financial institutions, and through them, interacts with enterprises.
What does GIRSAL mean?
GIRSAL is an acronym for Ghana Incentive-Based Risk-Sharing System for Agricultural