Program on Affirmative Finance Action for Women in Africa (AFAWA): Financing Climate Resilient Agricultural Practices in Ghana

  • Cross-cutting
  • Under implementation
Date approved
08 Jul 2019
Est. completion
14 Mar 2027
ESS Category
Intermediation 2
Financing
Private sector
Entity
African Development Bank

Overview

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.

Result areas

Countries

Regions

Priority groups

Project timeline

  • Pipeline

    1,043 days

    • Concept note received

    • Funding proposal received

    • Cleared by GCF Secretariat

    • Cleared by iTAP

  • Approved

    981 days

    • Approved by GCF Board

    • Legal opinion on AE's Internal Approval

    • FAA executed

  • Under implementation

    1,555 days so far

    • FAA effective

  • To be completed

    272 days to go

    Not started

  • Total project value $ 25.6 million

  • Tonnes of CO2 equivalent avoided 3.2 million

  • Total number of beneficiaries 374 thousand

Financing

GCF-financing

0.0%

USD

Co-financing

0.0%

USD

USD 25.6 million

Show details

GCF-financing

52% disbursed

  • Loan USD 13,250,000
  • Grant USD 6,750,000
  • Total GCF-financing USD 20,000,000

Co-financing

  • Inkind USD 600,000
  • Loan USD 5,000,000
  • Total co-financing USD 5,600,000

Documents

Project contacts

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