FP114
Program on Affirmative Finance Action for Women in Africa (AFAWA): Financing Climate Resilient Agricultural Practices in Ghana
Program on Affirmative Finance Action for Women in Africa (AFAWA): Financing Climate Resilient Agricultural Practices in Ghana
Empowering vulnerable women groups in the country’s most vulnerable agricultural zone by improving their participation in low-emission climate resilient agricultural practices
Although women carry out about 70 percent of agricultural activities in Ghana, they often do not have full control over incomes and agricultural products. They also lack access to formal, financing channels.
This programme is an on-lending programme providing credit lines to local commercial banks. These loans will exclusively target micro, small, and medium-sized enterprises (MSMEs) and farmer-based associations led by women to support low-emissions and climate-resilient agricultural practices. It seeks to empower women entrepreneurs through enhanced access to finance. This proposal was selected under the GCF MSME request for proposal pilot programme in 2016.
The Secretariat, in consultation with the Accredited Entity and National Designated Authority, will present to the Board options regarding increasing the grant portion of GCF funding to the benefit of the most vulnerable women.
This project has an estimated lifespan of 5 years.
Project timeline
Pipeline
30 Aug 2016 - 1043 days
Concept note received
30 Aug 2016
Funding proposal received
12 May 2017
Cleared by GCF Secretariat
23 Apr 2019
Cleared by iTAP
14 Jun 2019
Approved
08 Jul 2019 - 981 days
Approved by GCF Board
08 Jul 2019
Legal opinion on AE's Internal Approval
19 Dec 2020
FAA executed
14 Dec 2021
Under implementation
14 Mar 2022 - 1,015 days so far
FAA effective
14 Mar 2022
Disbursement - USD 4,055,000
29 Aug 2022
Disbursement - USD 6,250,000
12 Sep 2024
To be completed
14 Mar 2027 - 812 days to go
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing52% disbursed
| Instrument | Amount |
|---|---|
| Loan | USD 13,250,000 |
| Grant | USD 6,750,000 |
| Total GCF Financing |
|---|
| USD 20,000,000 |
Co-financing
| Co-financer | Instrument | Amount |
|---|---|---|
| Co-Financing | In-kind | USD 600,000 |
| Co-Financing | Loan | USD 5,000,000 |
| Total Co-Financing |
|---|
| USD 5,600,000 |
GCF Contacts
General media inquiries
GCF CommunicationsSend e-mail
Request for information
GCF Information DisclosureRequest information about this project
Project complaints and grievances
GCF Independent Redress Mechanism (IRM)Phone +82 32 458 6186 (KST)
File a complaint
Integrity issues
GCF Independent Integrity Unity (IIU)Phone +82 32 458 6714 (KST)
Send e-mail
Entity
African Development Bank
Climate Finance Expert
CCIA. Rue Jean Paul 11, Plateau, 01 BP 1387 Abidjan 01., Abidjan, Cote d'Ivoire
More contacts
National Designated Authority
Ministry of Finance
Ag. Director, Climate Financing Division
P.O.Box MB40, Ministries, Accra, Ghana
Phone +233244152226
aquansah@mofep.gov.gh
romensah@mofep.gov.gh
jsmith@mofep.gov.gh
fgyamfi@mofep.gov.gh
aasante@mofep.gov.gh