africabusinesscommunities.com Open in urlscan Pro
2001:1460:3:0:1c00:6ff:fe00:cdd  Public Scan

Form analysis
0 forms found in the DOM

Text Content

CHANNELS DATA TECH AGRIBUSINESS HEALTH BANKING OIL & GAS SUSTAINABLE-ENERGY
 * Home
 * News
 * Features »
   * Samuel Stallone-Obaraemi: African banks are fast pursuing their
     international rivals
   * Africa Business Communities Networking Event | Nairobi | 31 October 2019
 * Events
 * Business Directories
 * Services »
   * ABC advertising
   * ABC Event Promotion Services
   * Africa PR Services
   * Africa Business Panel
   * ABC Business Partner Recruitment
   * Africa Consumer Panel
   * ABC Content Marketing Partnership
   * Africa Online Marketing
   * ABC CEO communication package
   * ABC Email Marketing Services
   * Africa press List
   * Africa News Monitoring
   * Africa Networking Events
   * Headhunters in Africa
 * Clients
 * Newsletters
 * Contact

Go to ... Home News  Features– Samuel Stallone-Obaraemi: African banks are fast
pursuing their international rivals– Africa Business Communities Networking
Event | Nairobi | 31 October 2019 Events Business Directories  Services– ABC
advertising– ABC Event Promotion Services– Africa PR Services– Africa Business
Panel– ABC Business Partner Recruitment– Africa Consumer Panel– ABC Content
Marketing Partnership– Africa Online Marketing– ABC CEO communication
package– ABC Email Marketing Services– Africa press List– Africa News
Monitoring– Africa Networking Events– Headhunters in
Africa Clients Newsletters Contact




LETSHEGO GHANA PARTNERS WITH GHANA COMMODITY EXCHANGE TO IMPROVE VALUE CHAIN IN
FARMING

29-05-2023 09:04:13 | by: Marlene Mutimawase | hits: 2526 | Tags:
Agribusiness
Agritech
Banking
Capital Markets
Financial Services
Food & Retail
Ghana

Letshego Ghana, a subsidiary of Letshego Holdings Limited recently partnered
with the Ghana Commodity Exchange (GCX) to facilitate and provide funding for
farmers under the Warehouse Receipt Financing Scheme. The strategic partnership
was confirmed through a partnership agreement held between Letshego Ghana and
Ghana Commodity Exchange.

The Ghana Commodity Exchange’s Warehouse Receipt Financing Scheme is a financial
instrument that receives, grades and stores farm produce and commodities for the
local farmers in the Ghana Commodity Exchange’s ‘certified warehouse’.

The farmers are then issued with certificates, enabling them to use their stored
farm produce as collateral for loans from Letshego Ghana worth up to 70% of the
value of the commodities in the certified warehouse for a maximum period of 6
months. This represents a great example of impact financing that aims to
accelerate the sustainable transformation of the local economy to deliver
beneficial outcomes and improve lives for local players, regardless if their
scale or size.

Letshego Ghana’s Director Geoffrey Kitakule said, “Letshego’s partnership with
the Ghana Commodity Exchange will provide working capital for their farmers,
brokers and aggregators in support of their operations. It will also enable
farmers in the Accra region to deliver more produce to store in the warehouse
operations, helping to reduce their financial burden and enabling them to focus
on their core business and to grow and become more competitive in domestic and
regional markets.”

The financial support from Letshego Ghana also helps to help increase liquidity
in the farming value chains by improving the financial security of the farmers
and stakeholders along the agricultural value chain making the sector more
resilient to market shocks.

The Chief Executive Officer for the Ghana Commodity Exchange Mrs. Tucci Goka
Ivowi said, ''The Ghana Commodity Exchange remains committed to improving the
livelihood of smallholder farmers and easing the burden on farmers, especially
during the planting season, until they receive their returns upon harvest. In
meeting this objective, we will seek every opportunity to engage with the
brokers, aggregators, smallholder farmers and other stakeholders in the
agricultural value chain, to understand challenges and provide solutions for
farming communities across the country.''

Ghana Commodity Exchange’s key goal is to link Ghanaian smallholder farmers to
diverse agricultural and financial markets to ensure Ghana's farmers secure
competitive prices for their commodities, assuring the market quantity and
quality as well as timely settlement of their trade in ways that meet the
nutritional needs of the Ghanaian people.

www.letshego.com

 





  Follow Africa Business Communities on Twitter

  Follow us on our Africa Business Communities LinkedIn Company Page

  Join the Africa Business Panel








 



<< Go to the Africa Tech Platform >>
Share
Tweet
Email
Share






COLUMNS.



[Column] Nelson Maina: Placing Kenyan agriculture agenda in national discourse

Agriculture, unfortunately takes the brunt on election years in Kenya as
political campaigns disrupt labour ...read full column here



[Column] Monica Parker: Why Kenya's potato sector is letting down smallholders
and consumers alike

But farmers could be benefitting from improved incomes from high-value buyers if
they had better market links and access ...read full column here

 



[Column] Agnes Kalibata: Why the world’s biggest agribusiness player needs more
support to tackle climate change

With operations in every corner of the world, they produce as much as $1.5
trillion worth of food, fuel and timber every year ...read full column here

 



INTERVIEWS.



[Interview] Claudia Castellanos, CEO, Black Mamba, Eswatini

Claudia Castellanos is the Co-Founder and CEO of Black Mamba, an Eswatini-based
brand that manufactures and distributes specialty food products such as chilli
sauces, pestos, chutneys and jams among others … read full interview here.



[Interview] Stephen Oehley, CEO, Xtendevent, South Africa

Stephen Oehley is the CEO of Xtendevent, an infrastructure for organising trade
shows, digital expositions and corporate events … read full interview here.



[Interview] Nixon Mrinji, Agric-Services Manager, Mtibwa Sugar Estate, Tanzania

Mtibwa Sugar Estate is a Tanzania-based company involved in the growing and
production of sugar and related products … read the full interview here





INDUSTRY NEWS

e-Commerce | ICT | Internet | Media | Telecom

 

AFRICA TECH LINKEDIN GROUPS | COUNTRIES

Ghana | Kenya | Nigeria | South Africa | Tanzania | Uganda | Zambia

 

AFRICA TECH LINKEDIN GROUPS | INDUSTRIES

e-Commerce | ICT | Internet | Media | Telecom



COMPANY

 * About Us
 * Contact
 * Team
 * Vacancies

AFRICA INSIGHTS

 * Africa, The Continent
 * Africa Rising
 * Africa Consumer
 * Africa Internet
 * Africa Infographic
 * Africa Statistics

SERVICES

 * Advertising
 * Africa PR Services
 * Africa Press List
 * CEO Communication Package
 * Event Communication Pakage
 * Africa Online Marketing
 * Africa Networking Events
 * Africa Business Panel
 * Africa Consumer Panel
 * Headhunters in Africa

PARTNERS

 * Consultancy

SOCIAL

 * Linkedin groups
 * Twitter
 * Facebook News
 * Facebook Company
 * Google+

NEWSLETTER

 * Subscribe
 * Newsletter Archive

© Copyright, Africa Business Communities BV 2010-2023. All rights reserved.