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Pay-for-performance pays off in Ghana

CARANA's Amanda Fernandez will be presenting on December 17, 2015 in a Microlinks seminar on pay-for-performance incentives for mobilizing development finance. Ms. Fernandez, who oversees the USAID-funded Financing Ghanaian Agriculture Project (FinGAP), has an extensive background in financial inclusion and microfinance in Africa, Europe, and Latin America. She will share lessons learned with incentive-based financing as a mechanism for tapping private sector resources to help lift the world's poorest out of poverty. 

USAID-FinGAP is a five-year, Feed the Future project that uses pay-for-performance incentives to facilitate finance into the previously underserved agriculture sector in northern Ghana. Working in conjunction with financial institutions and business advisory service providers, USAID-FinGAP has facilitated more than $64 million in financing to agribusinesses in the maize, rice, and soy value chains, meeting 83% of its goal in just over two years. This project has helped financial institutions understand how loans to the agricultural sector can be commercially viable; increased agricultural lending in turn has fuelled the expansion of Ghanaian agribusinesses.

Amanda Fernandez will be one of several expert presenters on this topic as part of a Microlinks Seminar Series. The seminar aims to inform USAID missions and implementing partners of incentive-based strategies and how to incorporate them into their programming to maximize impact. The seminar will also be accessible through webinar. Please register here.

 

Published December 2015