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EDAIF to boost agro-processing with new credit facility
From: Kwabena Owusu-Ampratwum-Luv Fm          Published On: November 15, 2012, 12:10 GMT
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The Export Development and Agricultural Investment Fund (EDAIF) is seeking to bridge the gap between raw material producers and processors in the country.

The drive aims to speed up value addition to export products, a trend that would boost the economy.

EDAIF hopes the introduction of its Agriculture and Agro-Processing Development Credit Facility will give the needed incentive to support the manufacturing sector.

The Fund has traditionally focused on providing support to exporters.

This time, however, EDAIF Agricultural Committee Chairman Baah Adade told Luv Biz Report that the new credit facility targets local producers and manufacturers who are expected to add value to export products.

He says the credit facility will be available to beneficiaries through local banks at an interest rate of 12.5 percent, adding that the process to access the Fund has been simplified for easy access.

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