On Friday 15th August 2014 the Executive Director Mr. Joe Acheampong on behalf of the Social Investment Fund (SIF) signed a contract with the United States Agency for International Development Financing Ghanaian Agriculture Project (USAID- FinGAP) to provide consultancy services on Investment and Credit facilities at the offices of USAID in the Ringway Estates Accra.
The SIF will be required to provide Business Advisory Services with the goal of increasing access to Finance and Investment in the Soy, Rice and Maize sectors in the North of Ghana above the 8th Parallel and improving ancillary services to enable agribusiness firms to operate at full capacity and increase Food Security in Ghana. The FinGAP Programme is a 5-year USAID funded initiative being implemented by CARANA Corporation of USA.
The project addresses a key constraint restricting development of commercial agriculture and obtaining full food security in Ghana by facilitating access to finance and other financial instruments as well as business advisory services and credit facilitation for Small, Medium and Large Scale (SMiLEs) on the value chain for Rice, Maize and Soy production.
The SIF would be required to facilitate credit investment and agricultural oriented financing in partnership with strategic investors and Partner Financial Institution for Small Medium and Large Scale Enterprise (SMiLEs)
The SIF would also identity financial institutions, develop SMiLEs client engagement letters, business plan development and activation of loan or equity application, preparation and submission of proposals to PFIs and debt structuring for SMiLES.
The SIF has already completed a consultancy assignment for the Ministry of Water Resource, Works and Housing on the Establishment of Baseline Data for the Measurement of Capacity Development for the Ministry of Water Resources, Works and Housing (MWRWH)