Constancy Companions DBG, FAGE, Eco.Enterprise DF To Enhance Export Commerce In Ghana | Banking/Finance

Constancy Financial institution, Ghana’s largest privately-owned indigenous Financial institution, along side the eco.enterprise Improvement Facility (the eco.enterprise DF), Improvement Financial institution Ghana (DBG) and the Federation of Associations of Ghanaian Exporters (FAGE), has unveiled an bold and far-reaching export worth proposition focused at Ghanaian export-oriented companies.

The partnership seeks to spice up export commerce for Ghanaian enterprises throughout the agricultural and non-traditional export sector. 

The plan hinges majorly on the formation of the Constancy Export Membership, an initiative supported by all of the export worth companions which seeks to offer a typical entrance for Ghanaian exporters and supply them with important assist in areas corresponding to market entry and growth, capability constructing, entry to finance, regulatory compliance, technical help in addition to the adoption of sustainable enterprise practices.

Membership members may also profit from fast and stress-free utility processes, versatile reimbursement phrases and situations, aggressive rate of interest prices, transaction-based lending and aggressive prices.

Following the official launch of the Constancy Export Membership on Monday, August twenty first 2023 after a short Memorandum of Understanding (MOU) signing ceremony on the Head Workplace of Constancy Financial institution, the companions instantly launched a nationwide collection of one-day seminars to sensitize Ghanaian exporters about important sustainability practices of their line of enterprise. 

The collection of seminars themed ‘Empowering enterprise to drive sustainable development by compliance to regulatory and environmental ideas -The Agric and Perspective’ have been held in Accra, Takoradi and Sunyani on August twenty second, August twenty fifth and August twenty ninth respectively. The shows, deliberations and workshop periods targeted on enhancing regulatory compliance in addition to selling sustainability and ESG practices within the agricultural and export industries.

Greater than 400 stakeholders from throughout the nation’s export worth chain participated within the seminar collection. They included main producers and processors, exporters and aggregators in addition to agricultural stakeholders corresponding to specialists from the Plant Safety and Regulatory Directorate (PPRD), Environmental Safety Company (EPA), Ghana Export Promotion Authority (GEPA), GIRSAL, Ghana Requirements Authority (GSA), Meals and Medication Authority (FDA), Workplace of the Registrar of Corporations and the Ghana Nationwide Fireplace Service.

By means of a mixture of shows, interactive panel discussions and knowledge-sharing periods, members on the workshop addressed how they may maximize their export merchandise to fulfill the worldwide market demand in a sustainable method. In addition they explored methods to enhance general sustainability of your complete Agric and export worth chain by improved entry to finance and markets, in addition to capability constructing on inculcating sustainability ideas of their operations, and the acquisition of important certifications corresponding to International G.A.P. or Fairtrade Worldwide.

Talking on the sidelines of the seminar, Mr Julian Opuni, Managing Director of Constancy Financial institution reiterated that Constancy Financial institution is ever-willing to offer monetary assist and advisory companies to native companies and entrepreneurs throughout the varied worth chains within the Agric and export sector throughout the nation. He added: “Right here at Constancy, sustainability ideas, in addition to Environmental, Social and governance (ESG) practices, type a core, non-negotiable side of all our enterprise operations.

ESG issues have been embedded as a main requirement in our credit score facility approval modalities. According to this, we’re eager on liaising with our export worth companions to champion the mixing of ESG ideas in our clients’ companies.” 

Ms. Lisa Stahl, Chairperson of the eco.enterprise Improvement Facility for sub-Saharan Africa added: “We welcome the launch of the Constancy Export Membership and consider it will possibly considerably contribute to the sustainability of Ghanaian agricultural export sector and general financial growth. We have been significantly thrilled to have facilitated coaching for over 300 farmers and worth chain actors, enabling them to champion sustainable practices that safeguard Ghana’s biodiversity, guarantee accountable useful resource utilization, and sort out local weather change impacts.”

On his half, the Deputy CEO of Improvement Financial institution Ghana, Mr. Michael Mensah-Baah emphasised DBG’s position in supporting the expansion of the non-public sector. He mentioned, “At DBG, our mandate is to assist the expansion of the non-public sector; we do that primarily by offering long-term funding. We nevertheless acknowledge that funding alone is just not sufficient to ensure the specified development for our shoppers within the non-public sector that’s the reason we interact in progressive partnerships corresponding to this to offer a complete bundle of funding, capability constructing and technical experience to drive the required development of personal companies, on this case throughout the agro and non-traditional export sector.”

He famous that as a part of its efforts to advertise environmental and social governance, DBG is enjoying a important position in driving local weather mitigation and adaptation by offering each technical help and funding. He added that DBG was the primary Ghanaian monetary establishment to turn out to be a member of the United Nations International Compact, a physique that promotes sustainability ideas.

President of FAGE, Mr. Davies Narh Korboe, lauded the initiative and expressed pleasure concerning the launch of the export membership and the roll-out of the seminars and different associated actions. He remarked, ‘This partnership has come on the proper time as it’s actually important for the non-traditional export sector. I’m significantly completely satisfied to see that the main focus of this initiative could be very complete and covers not simply the export however different key issues on the a part of the exporters corresponding to manufacturing, regulatory compliance, advocacy and sustainability practices.’

With the inception of the Constancy Export Membership, Constancy Financial institution and its companions search to implement sensible measures to harness the immense potential of the export sector in Ghana.