Ghana - Savannah Investment Programme (AFDB-P-GH-A00-010)

Countries
  • Ghana
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Oct 1, 2019
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
MINISTRY OF FOOD AND AGRICULTURE
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 14.40 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported U.A 20,000,000
Converted using 2019-10-01 exchange rate.
Bank Documents
Other Related Projects
Primary Source

Original disclosure @ AFDB website

Updated in EWS Jun 15, 2020

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The Savannah Investment Programme (SIP) aims to reduce importation of animal protein, enhanced competitiveness of the poultry industry, improve small ruminants breeds and contribute to improved food and nutrition security in Ghana. The Programme seeks to increase farmers' food and nutrition security and incomes through increased agricultural productivity and diversification; and enhance the creation and strengthening of agribusinesses to increase incomes of actors along the selected value chains on a sustainable basis. The project has four components :(i) Access to Agriculture Finance,(ii) Production Development,(iii) Agri-Business and Value Chain Development and(iv) Project Management and Institutional Support. The Programme will be implemented over a five-year period (2019 -2024) at a total cost of UA25 million, of which UA20 millionis a loan from the ADF and UA5 million represents the Government and beneficiaries' contribution.

The overall goal of the programme is to reduce importation of animal protein, enhance competitiveness of the poultry industry, improve small ruminants breeds and contribute to improved food and nutrition security. Specific programme objectives are to increase national food and nutrition security as well as farmers' incomes through: (i) increased agricultural productivity and diversification; and (ii) enhanced creation and strengthening of agribusinesses, to increase incomes of actors along selected value chains on a sustainable basis.

Project direct beneficiaries are maize and soybean farmers, poultry farmers, livestock farmers, youth and women engaged in entrepreneurship Programme.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

BOAHEN Philip

p.boahen@afdb.org

ACCOUNTABILITY MECHANISM OF AfDB

The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at https://www.afdb.org/en/independent-review-mechanism/.

How it works

How it works