News

Mastercard Foundation, IDH partner to strengthen Ghana’s grain market with ‘Grains for Growth’ programme

Ebenezer

Ebenezer

Latest in News

afcfta-
AFCFTA Hub Launch & Stakeholder Forum
11-Make a case for an Agric-focused IMF Programme - Agribusinesses charged
Make a case for an Agric-focused IMF Programme - Agribusinesses charged
09-Google Wallet enters South Africa to tap digital payments growth
Google Wallet enters South Africa to tap digital payments growth

Mastercard Foundation and IDH – The Sustainable Trade Initiative, have announced the launch of an innovative partnership, dubbed Grains for Growth, to transform Ghana’s grains market. The Programme aims to develop inclusive, and economically viable grain-supply chains that will offer employment and entrepreneurship opportunities, contribute to better incomes, and improve livelihoods of farmers, especially women and youth.

Over the next three-and-a-half-years, the Grains for Growth programme will partner with a dozen small and medium-sized enterprises (SMEs) in northern Ghana, high-profile off-takers, and other supply chain actors, to create 103,000 work opportunities across the maize, rice, millet, fonio, and sorghum supply chains with majority of these, targeting young Ghanaian women and men.

The programme will also support the inclusion of 20,000 smallholder farmers through optimized sourcing and service delivery structures, whilst aiming to significantly increase incomes for participating farmers.

Grain production in the northern part of Ghana is largely characterized by informal supply chains, where actors have limited access to affordable financing solutions, mechanized services, and quality agro-inputs.

These constraints negatively affect the quality and volumes of grain production and the ability of SMEs in the value chain, to attract and maintain premium-paying buyers resulting in limited commercial investments.

With increasing local demand for grains in Ghana, a rising import dependency, and local raw-material sourcing interests, there is significant opportunity for the grains sector to facilitate economic growth and create social impact through job creation and improving the livelihoods of smallholder farmers.

Speaking at the launch of the programme, Director for Inclusive Business Development at IDH, Kebba Colley, said, “we have witnessed the transformation of local SMEs, and their farmers, into competitive businesses that meet global standards, attract competitive prices for their products and create sustainable jobs, particularly for women and youth. IDH is delighted to extend our work to the grains sector. We look forward to learning and improving the grains sector through this partnership with the Mastercard Foundation.”

The programme also aligns with the Mastercard Foundation’s Young Africa Works strategy in Ghana, which focuses on deepening efforts in the agriculture and agriculture adjacent sector, to unlock work opportunities for young Ghanaian women and men.

Rosy Fynn, Ghana Country Head at the Mastercard Foundation said, “the grains value chain holds enormous potential to unlock growth, improve the livelihoods of value chain operators and catalyze work opportunities for young Ghanaian women and men. By building the capacity of value chain actors, providing ready access to markets through off-taker arrangements and access to affordable financial services, we are collectively enabling smallholder farmers and SMEs to scale up and to lead the transformation of the sector to become a major contributor to Ghana’s economic growth.”

To build the commercial viability of value chain operators, the programme will also enable SMEs to improve their operational capacity, meet the quality and procurement standards of multinationals, and to optimize their smallholder farmer sourcing and service delivery. structures.

Source: Joy Business

Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

About Author

Ebenezer

Recommended for you

0
Would love your thoughts, please comment.x
()
x