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 - 569 days so far
Approved by GCF Board
08 Jul 2019
Under implementation
Completed
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing
Instrument | Amount |
---|---|
Loan | USD 18,500,000 |
Grant | USD 1,500,000 |
Cofinancing
Cofinancer | Instrument | Amount |
---|---|---|
Co-Financing | In-kind | USD 600,000 |
Co-Financing | Loan | USD 5,000,000 |
GCF Contacts
General media inquiries
GCF CommunicationsPhone +82 10 4458 7751
Send 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 6157
File a complaint
Integrity issues
GCF Independent Integrity Unity (IIU)Phone +82 32 458 6155
Send e-mail
Accredited Entity
National Designated Authority
Ministry of Finance
Director of Economic Strategy and Research Division
P.O. Box MB 40 Ministries, Accra, Ghana