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AGRA advocates fund to support women in agribusiness.
Alliance for Green Revolution in Africa (AGRA), has called on African governments to create a fund to support women small and medium-scale enterprises (SMEs) in agribusiness to thrive in this period of CoVID-19.
According to AGRA, the creation of a fund by the respective African governments had become necessary to protect the businesses of women SMEs on the continent from collapse.
AGRA in a statement titled, ‘COVID-19 and Women in Agriculture Call to Action’, copied to the Ghanaian Times said, “Women agribusinesses are on the verge of collapse due to crippling cash flow and liquidity challenges, resulting from disruption in their operations as a result of the COVID-19 pandemic.”
“AGRA, in consultation with continental partners and women agriprenuers networks, calls on governments in Africa, the development community, and the private sector, to urgently deploy resources to assist women access resources necessary to conduct agricultural activities, cushions their small businesses to avoid collapse,” the statement added.
AGRA indicated that women constituted nearly 50 per cent of agricultural workforce and own one third of SMEs on the continent, and were a key pillar of Africa’s food systems.
“The inability of women to freely access resources required to conduct primary production activities, find flexible financing to keep their SMEs afloat or earn wage income in rural markets will hinder food security and wellbeing of rural families,” the statement said.
Small women businesses were going through challenges such as loss of sales revenue, cancellations of supply contracts, spread of virus among workers, the statement said, pointing out that, “Women SMEs are particularly vulnerable to these shocks due to their low level of capitalisation resulting from limited access to long term financing.”
The statement stressed that with low saving capabilities, women small holders lacked capital reserves to stockpile agricultural inputs, such as seeds, fertilisers and pesticides.
“It is therefore crucial to assist women access inputs, farm labour, mechanisation and advisory services to help them weather the immediate effects of this crisis.”
Established in 2006, the Alliance for a Green Revolution in Africa (AGRA) is an African-led and Africa-based institution that puts smallholder farmers at the centre of the continent’s growing economy by transforming agriculture from a solitary struggle to survive into farming as a business that thrives.
BY KINGSLEY ASARE
The Diaspora Affairs Office at the Office of the President has hosted a delegation of African diaspora women who are in Ghana ahead of a planned Presidential Conferment of Citizenship ceremony.
The Director of Diaspora Affairs, Kofi Okyere Darko, explained in a Facebook post that the visit was a gesture of appreciation by the delegation to the Government of Ghana for its continued efforts to reconnect Africans in the diaspora with their ancestral homeland.
He indicated that the ceremony, scheduled for next Monday, will officially grant Ghanaian citizenship to members of the delegation as part of the country’s broader engagement with the African diaspora.
The delegation was led by Erica Bennett, Founder of the Diaspora Africa Forum.
According to Mr Okyere Darko, her years of advocacy have played an important role in strengthening ties between Africa and people of African descent living abroad.
He noted that the group’s journey towards citizenship represents not only a legal process but also a cultural and spiritual return to their roots.
Also present at the meeting was Natalie Jackson, an attorney who is also expected to receive Ghanaian citizenship during the ceremony. She works closely with renowned civil rights lawyer Ben Crump.
Mr Okyere Darko emphasised that Ghana remains committed to strengthening relationships with the African diaspora and promoting unity, identity, and shared heritage among people of African descent worldwide.
By: Jacob Aggrey
Ghana has signed a debt restructuring agreement with the Kingdom of Belgium as part of efforts to restore the country’s economic stability after the financial crisis that hit the nation in 2022 and 2023.
The Minister of Finance, Cassiel Ato Forson, today disclosed that he signed the agreement on behalf of the Government of Ghana.
He explained that Ghana experienced a very difficult period during the crisis, which forced the government at the time to declare a debt default.
However, he indicated that the country is now recovering and witnessing a significant economic turnaround.
According to him, stronger systems are also being put in place to ensure that Ghana does not return to such a situation again.
Dr Forson noted that the agreement with Belgium is the eighth deal Ghana has concluded with countries under the Official Creditor Committee as part of its external debt restructuring programme.
He expressed appreciation to the Government of Belgium for its support and partnership with Ghana during the process.
The Finance Minister thanked Carole van Eyll, Ambassador of Belgium to Ghana, for her role in strengthening relations between the two countries.
The agreement forms part of Ghana’s broader effort to restructure its external debts and stabilise the economy following the crisis.
By: Jacob Aggrey
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