USAID deepens access to alternative financing
Bilkis Nurudeen
The United States Agency for International Development
(USAID), through the U.S government’s Feed the Future Financing Ghanaian
Agriculture Project (USAID FinGAP) and the Ghana Stock Exchange (GSE) have
organized a workshop for over 100 business owners and managers on how to access
funding from alternative sources.
The workshop centered on raising funds from the capital
market, specifically the Ghana Alternative Market (GAX) and the Ghana Fixed
Income Market (GFIM).
In attendance were members of Ghana National Chamber of
Commerce and Industry (GNCCI), the Association of Ghana Industries (AGI), the
Federation of Association of Ghanaian Exporters, FAGE, Institute for Financial
and Economic Journalists (IFEJ), and representatives of the Kosmos Energy
Innovation Center.
The presentations at the workshop focused on pre-conditions
for listing and raising financing on the capital market. The event also
registered the businesses interested in listing securities on the capital
market.
Through the ‘Feed the Future’ global hunger and food
security initiative, USAID FinGAP works to increase access to finance for
agribusiness and smallholder farmers to improve agricultural productivity,
enhance food security, and promote inclusive economic growth.
Since its formation, USAID FinGAP has assisted to unlock
over US$158 million in private capital for 2,846 agribusinesses, out of which
40 percent are women led enterprises.
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