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projectFP114

Program on Affirmative Finance Action for Women in Africa (AFAWA): Financing climate resilient agricultural practices in Ghana

3200000
TONNES of CO2 Anticipated tonnes of CO2 equivalent avoided

Impact

Mitigation & Adaptation
GCF results areas
  • Energy generation and access
  • Forests and land use
  • Health, food and water security
  • Livelihoods of people and communities
  • Ecosystems and ecosystem services

Location & People

Region
  • Africa
Country
  • Ghana GHA
Beneficiaries (approx.) 373,720

Investment Data

  • Financing:
    • Public
    • Public / Private
    • Private
  • Project size:
    • Micro
    • Small
    • Medium
    • Large
  • E&S Risk category:
    • Category I1
    • Category I2
    • Category I3
Total project investment
GCF Financing
  • Instrument Loan USD
  • Instrument Grant USD
Co-Financing
  • Local financial institutions Loan USD
  • African Development Bank Other USD

Project owners

Accredited Entity Executing Entity
  • African Development Bank
  • Local financial institutions
  • FBAs
  • Agribusiness MSMEs
Program on Affirmative Finance Action for Women in Africa (AFAWA): Financing climate resilient agricultural practices in Ghana Approved July 2019 Est. implementation period 5.0 years
Empowering vulnerable women groups in the country’ 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.
Type
Document title
Published date
Gender assessment FP114_AfDB_Ghana 05 Sep 2019
Gender action plan FP114_AfDB_Ghana 05 Sep 2019
ESS report FP114 - AfDB - Ghana 17 Jun 2019
Approved funding proposal FP114 - AfDB - Ghana 23 Jul 2019
Accredited Entity
  • African Development Bank (AfDB) Mr. Timothy Afful-Koomson
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