French government has provided a financial support of one hundred and eighty thousand Ghana Cedis (180,000.00) for women engaged in micro processing in the Northern Region.
The French Embassy in Ghana provided the support to the Ghana Developing Communities Association (GDCA), a local Nongovernmental Organization based in Tamale. The implementing organization also provided twenty-eighty thousand Ghana Cedis (28,000.00)
In all, five hundred and forty nine (549) women have benefited directly from the joint support through GDCA Fund for Social Development (FSD) Micro Credit scheme within 18 months implementation of the project which targeted two hundred and eighty (280) women in agro-processing.
The women were supported with amount of one hundred and thirty sixty thousand Ghana Cedis (136,000.00) by GDCA.
The beneficiary’s women are engaged in a micro-processing of groundnut oil extraction, shea butter processing, and petty trading and trading in agricultural produce in per-urban communities in Tamale.
The French Ambassador to Ghana, Mr Frederic CALVIER who visited Tungtieya Women’s Shea Nut Processing Center at Jisonaayili in the Sagnarigu district said France was committed to promoting sustainable and replicable social microfinance targeted the most vulnerable people.
The French Ambassador observed that, access to micro finance
is a key issue among vulnerable groups such as women in Ghana especially, in the northern region and expressed that hope that the support will improve living conditions, increase income levels and saving of heads of families due to capital to train more people on economic and social themes.
It will also help in strengthen operational, financial and institutional capacities of Ghanaians microfinance institutions. Mr Frederic said Tamale continues to be the fastest developing in city in West African and pledge Paris support to the northern region.
The Chairman of GDCA, Gushei Naa Professor Alhassan Abubakari thanked the French government for their support to the vulnerable groups in their operational areas in the Northern Region.
Executive Director of GDCA, Alhaji Osman Abdel-Rahman told Zaa News poverty reduction among women is important to the organization. The micro credit scheme he explained was due to lack of interest of formal banking sector in going out to reach rural folks because they don’t have collateral and assured that as long as the women can form groups, his outfit will provide the support.
The support according to GDCA was to enable the women contribute to the development of the agricultural value chain in the target area as well as enhance agricultural processes in the northern region.
The support was aim at providing beneficiaries the needed resources to improve their businesses, their livelihoods incomes in order to reduce poverty in their respective communities.
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