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CARANA awarded the USAID Financing Ghanaian Agriculture Project

CARANA is pleased to announce the award of USAID’s Financing Ghanaian Agriculture Project (USAID-FinGAP). The five-year project will contribute to USAID’s broader Feed the Future and Partnership for Growth initiatives in Ghana, with a focus on crowding in investment and finance for agricultural production, processing, and logistics in the country’s northern breadbasket. USAID-FinGAP’s goal includes increasing the competitiveness of rice, maize, and soya value chains in ways that foster broad-based and sustained economic growth.

Now more than ever, market forces, global commodity prices, government commitment, and donor programs are aligned to favor these outcomes. Demand for higher value, differentiated processed goods in urban markets, high global market prices, and the favorable climate created by government incentives and donor assistance are driving strategic buyers and investors to redirect capital into building out local supply chains. While Ghana has leapt forward, achieving middle income status just two years ago, communities in the north are highly disconnected from growing urban markets and are facing real challenges with poverty and food insecurity. Stimulating investment and finance in this context will be a considerable undertaking, but one that CARANA has assembled a strong team to address.

For more information, please visit the USAID-FinGAP website here.

Published July 2013