IFC Partners with Absa Bank Ghana and Complete Farmer to Expand Agricultural Finance in Ghana
Ghana, Sept. 17 -- IFC announced two partnerships with Absa Bank Ghana LTD and Complete Farmer to expand access to finance across Ghana's agricultural sector and support smallholder farmers through financing and technology.IFC's partnership with Absa Bank Ghana will expand financing for Licensed Buying Companies to purchase cocoa from farmers throughout the buying season, helping sustain market access for more than 139,000 smallholder farmers. Cocoa is one of Ghana's most important export sectors, with nearly 800,000 registered cocoa farmers and millions of people depending on the sector for their livelihoods.Supported by the Private Sector Window of the Global Agriculture and Food Security Program (GAFSP), the facility will finance purchas...
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