The Association of Ghana Industries (AGI) has entered into a partnership with MASLOC to help secure funding opportunities for their businesses across the country.
The agreement is aimed at reducing cost of borrowing to members of the Association to enable them improve on their businesses, create more jobs and help grow the Ghanaian economy.
Chief Executive Officer of the AGI, Seth Twum-Akwaboah who disclosed this at the Northern Sector Annual General meeting of the association in Tamale said AGI members within the Micro and Small Enterprise will be assisted with a loan facility of about Ghc 20,000 each.
He said the credit facilities were structured in groups and intended to support, expand and facilitate industrial growth which the AGI had developed internal modalities for administering and processing of applications.
In a welcome address, the Northern sector chairman of AGI, Osman Sahanoon Kulandi revealed that the regional chapter was in talks with the Savannah Zone Agricultural Productivity Improvement Project (SAPIP) to help develop and build the capacities of entrepreneurs within the agricultural value chain.
He said the AGI/SAPIP partnership will also help secure market opportunities and linkages for farmers and it was aimed at transforming their businesses into productive and commercial viable businesses.
National Project Coordinator of SAPIP Felix N. Darimani in a statement said the goal of SAPIP is to transform agricultural value chains for food and nutrition security, jobs and wealth creation.
He said the project seeks to provide incentives to bring private investments into agriculture to harness the business opportunities in agriculture.
Source: Ken-Zorre Edward | www.diamondfmonline.com | Ghana