President inaugurates GIHOC Distilleries production plant
President John Dramani Mahama on Thursday, 23rd June, 2016 inaugurated a new production plant for GIHOC Distilleries.
The plant, which is expected to improve production, was an outcome of the five-year strategic plan of the company.
GIHOC Distilleries was one of the 15 sub-divisions of the GIHOC Ghana Limited established in the First Republic.
EDAIF provided credit facilities to the company totalling GHC 13.5 million for the expansion of the production plant. A new Quality Control (QC) laboratory was also constructed to meet International standards.
The Chief Executive and Directors of EDAIF joined other dignitaries at the inauguration of the production plant.
TRANSITION OF EDAIF INTO THE GHANA EXPORT-IMPORT (EXIM) BANK
The General Public is being informed that following the coming into force of the Ghana Export-Import Bank Act. 2016 (Act 911) (EXIM) the Export Trade, Agricultural and Industrial Development Act, 2013, (Act 872) (EDAIF) is repealed.
Despite the repeal of the EDAIF Act, the EXIM Act makes provision for any orders, directions, appointments or any other acts which were lawfully made or done by the EDAIF Board to be considered as made or done under the EXIM Act and these actions shall continue to have effect until reviewed, canceled or terminated.
The transitional provision of the new Act further provide that a contract subsisting between EDAIF and another person and immediately before the commencement of the EXIM Act, is deemed to exist between the EXIM Bank and the other person.
However, it is important to note that, as a result of the repeal of the EDAIF Act, the EXIM Bank, would not be in a position to consider applications for funding in line with the old EDAIF Guidelines. All fresh applications for Funding under the EXIM Act may only be made in line with approved guidelines consistent with the EXIM Bank Act.
These guidelines which are being drafted will be published in due course.
For further information, please contact the various offices on the telephone numbers indicated below.
Accra, Head Office: 0302234668/9
Tamale: 0372 028053
Kumasi: 0578594352 / 0578594351
Takoradi: 0312 002263
SIGNED: Dr. Barfour Osei
On Behalf of the Honourable Minister for Finance
1st June, 2016
CALL FOR PROPOSAL FOR PHASE 2 OF EDAIF MANGO PROJECT
Over the years, EDAIF has supported the cultivation of nearly 8,500 acres of mango across the country, under its Mango Project. Phase 2 of the project started in 2015 and will run for a period of 5 years. Under the Phase 2, in 2015, 2,800 acres were brought under cultivation benefiting 112 farmers. In 2016, it is expected that 1,200 acres of mango cultivation will be supported. Beneficiaries shall be expected to pre-finance their farm activities up to planting.
EDAIF will then reimburse expenditure on all approved activities undertaken by the farmer up to the approved budget per activity. Interested and qualified farmers can apply for support to cultivate mango for export and processing. APPLICATION DEADLINE IS APRIL 07, 2016 Download guidelines…..
EDAIF PROMOTION OF CASSAVA FOR INDUSTRIA USE ENTERS PHASE 2
EDAIF Cassava Project dubbed “THE CASSAVA INTEGRATED ENTERPRISE DEVELOPMENT PROJECT”, aimed at increasing economic opportunities through sustainable and competitive cassava production, marketing and agro-enterprise development enters its second phase. The three- phase project started in 2015 with support given to entrepreneurs in the Brong Ahafo, Northern and Ashanti regions of Ghana to cultivate and process cassava into High Quality Cassava Flour (HQCF).
Under the second phase, entrepreneurs in the Eastern and Volta regions will be given financial and technical support to produce and process cassava in ETHANOL.
EDAIF is inviting proposals from interested and qualified entrepreneurs from the Eastern and Volta regions. Only applicants who meet the following criteria will be considered. Only short listed applicants will be contacted. APPLICATION DEADLINE IS APRIL 07, 2016 Download guidelines….
EDAIF SUPPORTS DEPRIVED HEALTH FACILITEIS AND PUBLIC BASIC SCHOOLS
As part of EDAIF’s corporate social responsibility activities for the year 2015, the Fund has made donations to eight CHPS compound; two health centres and ten deprived public basic schools across the country. Some of the items donated to the health facilities include hospital beds, delivery beds, adjustable operating beds, weighing scale, HB machine, clinical thermometers, BP apparatus and motor bikes. The schools received donations towards rehabilitation of identifiable infrastructure facilities. These donations are aimed at contributing to effective health delivery as well as improving teaching and learning in deprived communities across the country. These donations are valued at GHS220, 000.
In the first phase of the Fund’s 2015 CSR activities, an amount of GHS80, 000 was donated to the Reconstructive and Plastic Surgery Unit of the Korle-bu Teaching Hospital in September, 2015.
EDAIF ORGANISES STAFF RETREAT FOR ITS EMPLOYEES
The Export Trade, Agricultural & Industrial Development Fund (EDAIF) organized a staff retreat on the theme: “EDAIF IN RETROSPECT”.
The retreat was held from 3rd – 6th December 2015 at the Capital View Hotel in Koforidua, Eastern Region.
It afforded all the various departments, units, and zonal offices the opportunity to evaluate their performance against targets set for 2015 and also to share their plans for the ensuing year- 2016.
Some other activities undertaken during the retreat were a trip to Boti falls, health screening, a talk on personal branding, games and a grand finale EDAIF Ball.
We hope through socializing and interactions there would be improved interpersonal relationships amongst employees, translating into improved understanding of staff roles and responsibilities. This would lead to enhanced performance through team cohesion.
EDAIF PARTICIPATES IN THE 31ST NATIONAL FARMERS DAY
EDAIF participated in the 31st edition of the National Farmer’s Day event in Bolgatanga in the Northern Region . This year EDAIF provided two tractors worth GHC 400,000.
The Two tractors were given to Gideon Anaaba (National 1st Runner-Up) and Augustine Boateng (National Best Livestock Farmer) respectively.
EDAIF DONATES TOWARDS THE 2015 FARMERS DAY CELEBRATIONS
The Export Trade, Agricultural Development Fund (EDAIF) has donated two tractors estimated at Ghc 400,000 to the Ministry of Food and Agriculture towards the 2015 farmers day celebrations. The ceremony was held at the forecourt of the Ministry of Food and Agriculture towards the 2015 Farmers day celebrations.
Making the donation to the Honorable Minister, Dr.Barfour Osei; Chief Executive of EDAIF underscored the importance of recognizing the crucial role farmer’s play in the economic development of the country. He assured the Minister that as in previous years, the Fund will continue to support the annual farmer’s day celebration.
In his response, the Honorable Minister of Food and Agriculture; Mr Fiifi Kwetey indicated that the donation by EDAIF was a timely investment into the future of the country. He expressed the hope that the award will motivate the country’s hard working farmers to continue in their quest to meet the food requirement in the Countr
EDAIF SPONSORS THE 2nd GHANA RICE FESTIVAL
EDAIF sponsored the 2nd Ghana Rice Festival under the theme “GROW, BUY AND EAT QUALITY GHANA RICE”. Having supported local rice production over the years, managers of the Fund saw the event as an opportunity to further deepen collaboration with stakeholders in the rice sector.
The three days festival was held at the Efua Sutherland Park in Accra from 13 – 15 November 2015.The festival was aimed at promoting a competitive local rice industry for job and wealth creation. On display were several varieties of rice such as white, brown and parboiled rice among others.
EDAIF participated in the “Investment & Access to Finance” forum to educate participants on how to access the Fund’s facilities.
We at EDAIF are proud about our contribution to the development of the local rice industry.
EDAIF PAYS WORKING VISIT TO THE UPPER EAST AND UPPER WEST REGIONAL COORDINATING COUNCILS
The Export Trade, Agricultural and Industrial Development Fund’s (EDAIF) Chief Executive, Dr. Barfour Osei, accompanied by representatives from the Board, Management and Staff paid a working visit to the Upper West and Upper East Regional Coordinating Councils to brief them about the activities of the Fund in their respective regions. The working visit which was from 28th to 30th September, 2015 also enabled the Chief Executive to introduce the Officer–In–Charge of the Tamale Zonal Office.
During interaction with the Regional Ministers and members of the Regional Coordinating Councils, the Chief Executive and his team explored areas of possible collaboration to ensure effective implementation of the Fund’s activities in the two Regions. It was also observed that the number of applications from the Upper East and Upper West Regions were small compared to those from other regions in the country. The EDAIF Chief Executive therefore requested the Regional Coordinating Councils to sensitize the people of their respective regions of the Fund’s readiness to support businesses in the export trade, agricultural and industrial sectors of the economy. He further mentioned the production of mangoes and rice; processing of shea nut and groundnut; and construction of smock weaving facilities as some of EDAIF’s intervention in the Northern sector of the country.
EDAIF SUPPORTS CASSAVA PRODUCTION AND PROCESSING FOR INDUSTRIAL USE AND EXPORT (Press Release)
The Export Trade, Agricultural and Industrial Development Fund (EDAIF) has approved an amount of about GH¢10 million for the implementation of phase 1 of its CASSAVA INTEGRATED ENTERPRISE DEVELOPMENT PROJECT which is aimed at large scale production and processing of cassava for industrial use and export……Read Full Story
EDAIF-ARIBRO PROJECT POISED TO MEET 20M POULTRY PRODUCTION TARGET (Graphic Online 31/08/2015)
An EDAIF-ARIBRO project aimed at significantly reducing the reliance on imported day-old chicks for the poultry industry in Ghana, is contributing heavily to achieving President John Dramani Mahama’s 20 million broiler production target by the end of 2016…… Read Full Story
WA SEED GROWERS BENEFIT FROM EDAIF SUPPORT (Graphic Online 31/08/2015)
Operations of the Seed Growers Association of Ghana (SEEDPAG) in the Upper West Regional capital, Wa have significantly improved following interventions made by the Export Trade, Agricultural & Industrial Development Fund – EDAIF..…Read Full Story
EDAIF SUPPORT SEED GROWERS IN WA (Ghanaweb 2/09/2015) Read Full Story
EDAIF APPROVES GH¢28.5 MILLION FOR ONE HUNDRED AND THIRTY-FIVE (135) BENEFICIARIES.(Press Release May – July 2015)
The Export Trade, Agricultural and Industrial Development Fund (EDAIF) continue to provide significant support to Ghanaian producers and entrepreneurs. Over the last three months, a total amount of about GH¢28.5 million was approved in favour of one hundred and thirty-five beneficiaries in the public and private sectors…..Read Full Story
EDAIF PLEDGED TO SUPPORT 2015 NATIONAL FARMERS’ DAY
Dr. Barfour Osei, Chief Executive of EDAIF reiterated the organization’s commitment to support the National Farmers’ Day celebration for this year. He made the pledge at the launch of the 31st National Farmers’ Day (NSD) 2015 on the theme, “Transform Ghana, Invest in Agriculture.”
Honourable Seth Terkper, Minister of Finance officially launched the occasion and pledged government’s support for the celebration. He indicated government’s preparedness to absorb the five million Ghana (5 Million) cedis being the initial capital proposed by the committee to kick start the 31st National Farmers’ Day celebration. The event is scheduled to take off on 4th December, 2015 at Bolgatanga in the Upper East Region.
The Honourable Minister also noted that financing traditional and non-traditional export trade will be enhanced with the coming into existence of the Ghana Exim Bank. This, he believes will improve Ghana’s balance of trade and hence boost foreign exchange earnings. He therefore encouraged Ghanaians to invest in agriculture and fishery value chain.
Minister of local Government & Rural Development, Honourable Alhaji Collins Dauda chaired the occasion. Also present were Hon. Fiifi Fiavi Kwetey (Minister for Food & Agriculture), Hon. Hanny-Sherry Ayittey (Minister for Fisheries & Aquaculture Development), Hon. Mahama Ayariga (Minister for Environment), and Mr. Johnny Osei- Cofie (Deputy Chief of Staff)
EDAIF DONATES TO BURNS & PLASTIC SURGERY UNIT OF KORLE-BU TEACHING HOSPITAL
As part of EDAIF’s Corporate Social Responsibility activities for 2015, the Board, Management and Staff of the Fund made a donation of GH¢ 80,000.00 to the Burns & Plastic Surgery Unit of the Korle-Bu Teaching Hospital on Wednesday 22nd July, 2015.
In his remark, the Chief Executive of the Fund Dr. Barfour Osei indicated that, the donation was in recognition of the selfless and dedicated service staff of the Unit have being rendering to patients especially victims of the 3rd June twin flood and fire disaster victims.
In his response, the Chief Executive Officer of the Korle-Bu Teaching Hospital Dr. Gilbert Buckle expressed his profound gratitude to the Board, Management and Staff of EDAIF for their input into health delivery in the country and for the kind donation.
EDAIF PAYS A WORKING VISIT TO ASHANTI AND BRONG AHAFO REGIONS
EDAIF MANAGEMENT CALL ON THE EASTERN REGIONAL MINISTER
The Chief Executive, Dr. Bafour Osei together with some management and staff of EDAIF paid a familiarization visit to the Eastern Region. On arrival, they were received by the Eastern Regional Minister, Hon. Antwi Boasiako Sekyere and his Deputy, Hon. Mavis Ama Frimpong. The visit was to inform the minister of the presence of EDAIF in the region and to discuss how EDAIF and the Regional Coordinating Council could collaborate to ensure effectiveness of the Funds activities in the region.
The Chief Executive of EDAIF, Dr. Bafour Osei adviced that, the region should take advantage of EDAIFs special initiatives like the Mango project, Cassava project as well as the Graduate Entrepreneurial Development Initiative in order to support the development of the region and the country as a whole.
The Eastern Regional Minister, Hon. Antwi Bosiako Sekyere was delighted about the presence of EDAIF in the Region. He also commended EDAIF for the support it had provided over the years and encouraged the people of the region to take advantage of EDAIF initiatives to create employment and improve on their standard of living.
EDAIF PAYS A COURTESY CALL ON THE CENTRAL REGIONAL MINISTER AT CAPE COAST
EDAIF MANAGEMENT INTERACT WITH EXECUTIVES OF NATIONAL FARMERS AND FISHERMEN AWARD WINNERS ASSOCIATION OF GHANA
EDAIF FUNDED BOTANICALS EXTRACTION PILOT PLANT COMMISSIONED
EDAIF OPENS ZONAL OFFICE IN TAKORADI
Official opening of EDAIF Takoradi Zonal Office
On the 9th of April 2015, The EDAIF Board and Staff paid a courtesy call on the Western Regional Minister to formally inform him of the new EDAIF zonal office present in the Regional Capital
EDAIF HOLDS STAKEHOLDERS CONSULTATIVE MEETING ON STRATEGY
EDAIF held a Stakeholders Consultative meeting on the 27th March 2015 on the proposed Corporate Strategy of the Fund.
EDAIF OPENS HO ZONAL OFFICE
EDAIF Board and Management of EDAIF launched the Ho Zonal Office to serve the Volta and Eastern Regions on 11th March 2015. As part of the launch, the Board and Management paid a courtesy call on the Deputy Regional Minister and some Chiefs of Ho to formally inform them about the presence of the EDAIF Zonal office in the Region
EDAIF OPENS OFFICE IN KUMASI
The Minister of Trade & Industry inaugurates the new 13 member EDAIF board
The Farmers Day Celebrations
EDAIF Supporting Agro-Processing is what we do