Business News of 2014-03-28

EDAIF approves GH¢55.8m for 10 businesses

The Board of Directors of the Export Trade, Agricultural and Industrial Development Fund (EDAIF) has approved GH¢55,806,267 for 10 businesses engaged in different sectors of the economy.
A statement signed by the acting Chief Executive of EDAIF, Dr Barfour Osei, said while GH¢46,541,058 of the amount was approved as new credits and projects, GH¢9,265,209 was for rescheduled credit facilities.
“These approvals are in line with the fund’s objective of providing financial resources for the development and promotion of export trade agriculture, related to agro-processing and industrial development,” it said.
It said EDAIF would continue to provide support to businesses and industry for socio-economic development of the country and urged all those who required support to visit the EDAIF website to access and download the relevant application and guidelines.