EDAIF Funds More Businesses
Dr. Barfour Osei, Acting Chief Executive of EDAIF
The Board of the Export Trade, Agricultural and Industrial Development Fund (EDAIF) in May 2014 approved about GH¢21 million for seven Ghanaian businesses and institutions.
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 would cover 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 plans to diversify the export base of the economy and support of activities of some government institutions.
‘The Board and Management of EDAIF wishes to encourage Ghanaian businesses to contact the organization for further information on its activities,’ it stated in a press release.
A business desk report
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