United States Agency for International Development (USAID) – supported Feed the Future activity connects agribusinesses to investors

On April 26, 2023,  the U.S. Government hosted its first-ever “Women in Agribusiness” Summit. The event showcased investment opportunities in Ghanaian agribusinesses led by women and connected women entrepreneurs to investors for financing.

The event,  hosted by the USAID-supported Feed the Future Ghana Mobilizing Finance in Agriculture (MFA) Activity, focused on empowering women in agriculture through enhanced access to finance. It brought together agribusinesses, transaction advisors, investors, financial institutions, U.S. and Ghana government representatives, non-governmental organizations, trade associations, research institutions, civil society groups and the media.

In her remarks, Kimberly Rosen, Mission director for USAID Ghana, said, “We know that empowering women in agribusiness is the key to unlocking their full potential. That’s why the U.S. Government has supported Ghanaian agribusinesses through USAID and Feed the Future with over $192.9 million in financing for more than 25,000 agribusinesses, over half of which are women-led and women-owned. This increases agricultural productivity and improves food security in Ghana.

Agriculture is a major contributor to the development and growth of Ghana’s economy, contributing to gross domestic product, employment, food security and nutrition. Although women play a vital role in Ghana’s agricultural sector by providing critical value chain services in production, agro-processing and marketing, their access to business advisory services and commercial finance is limited. The Summit connected women-led agribusinesses in the maize, soy, groundnut, cowpea, mango, cashew, shea, and other high-value export crop sectors to transaction advisors and financial institutions for support to access financing suited to their needs.

“Women make up almost 50% of our country’s population, says Honorable Lariba Zuweira Abudu, Minister of Gender, Children and Social Protection,” “We cannot make progress when half of the country is at a constant economic and social disadvantage. As a government, we are poised to ensure that no one is left behind in our struggle for gender equity, economic transformation, and national development.”

The Summit featured plenary and panel discussions on finance and business advisory support for women-led agribusinesses, and business-to-business meetings that connected 85 women-led agribusinesses with investment opportunities in the maize, soy, groundnut, cowpea, cashew, mango and shea value chains to transaction advisors, financial institutions, and investors for financing. The event culminated in an awards ceremony to recognize exceptional women-led agribusinesses, and organizations that have supported these businesses to realize their potential.

Distributed by APO Group on behalf of U.S. Embassy in Ghana.