Sub-Saharan Africa

Financing Ghanaian Agriculture Project (USAID-FinGAP)

Client: United States Agency for International Development



More than 10% of Ghana’s 25 million people are food insecure or likely to be food insecure, with the majority living in the northern parts of Ghana—the most poverty stricken part of the country. Climatic changes are adversely affecting agricultural production in the northern parts of the country, which has a large negative impact on the major cereals including rice, maize, and soy. At the same time, insufficient access to finance for smallholder farmers and low investment due to perceived and actual risks in lending to agribusinesses limit the ability of producers to address these issues. 

What we're doing:

Supported by Feed the Future, USAID-FinGAP provides a comprehensive and integrated approach to financing actors and increasing competitiveness in the maize, rice, and soy value chains in northern Ghana. Through incentives, training, and technical assistance, FinGAP builds the capacity of Financial Institutions (FIs) and Business Advisory Services (BAS) providers to facilitate private finance and investment to thousands of Micro, Small, Medium, including Large Enterprises (SMiLEs) in the target value chains. As a result of the project’s involvement, FIs and BAS providers are reducing loan processing time, increasing the likelihood that funds are approved, and building trust and cooperation between actors, enabling the financial sector to engage more deeply in agriculture.

Under its Partnership for Growth mandate, the project is additionally strengthening the enabling environment for SMEs and capital markets by building the capacity of Ghana’s Securities and Exchange Commission to improve regulation and enforcement with regards to risk-based supervision, and providing technical assistance to the Ghana Alternative Stock Exchange to facilitate SMiLE listings, thereby expanding alternative sources of financing to actors in the target value chains.

FinGAP also helps build strategic market linkages with investors that integrate SMiLEs and smallholder farmers. These linkages promote equitable participation of male and female farmers into their supply chains, creating platforms for deployment of financial solutions along the value chain. 


In just two years, FinGAP has facilitated more than $40 million in new, private financing and investment, and has helped more than 80 SMiLEs, including farmers, access loans—far surpassing project targets. Over the life of the project, FinGAP interventions are expected to yield:

  • 25 strategic partnerships in target value chains,
  • 250 transactions developed by project advisors and Business Advisory Support providers,
  • $75 million in finance at an average transaction size of $200,000, and
  • 80 SMEs and farmer organizations linked to 120,000 smallholder farmers in target value chains gaining access to finance.

Latest FinGAP News: