Download full report - MiDA Ghana

ACTIVITY 5 IMPROVEMENT OF CREDIT SERVICES FOR ON-FARM AND
VALUE-CHAIN INVESTMENTS
Activity Objective:
To augment the supply of, and access to Credit provided by Financial Institutions operating in the
Intervention Zones.
QTR. 11 PROGRESS
AGRICULTURAL CREDIT ACTIVITY
INDICATOR: Portfolio at risk of Agricultural Loan Fund (20%)
ANNUAL TARGET
(Apr 09 – Mar 10)
ACTUALS TO DATE
(October 09 – Dec 09)
CUMMULATIVE ACTUALS
TO DATE
20% 18% 18%
ACTIVITY STATUS NEXT STEPS
i. Monitor Agricultural Loan
Fund Disbursement
ii. Training and Building
Capacity of PFIs
• Bank of Ghana undertook
Monitoring Visits to 15 PFIs in
all the Intervention Zones. Met
with Key Management and
Board Representatives to press
for better oversight of ACP
Funds.
• MiDA Management approved
modalities for implementing the
Grants for PFI Loan Offices and
Means of Transport (Motor
Cycles and Motor Vehicles) to
improve On-site Inspections
and monitoring of Borrowers
• Held a Stakeholder Review
Workshop in November 2009 to
garner feedback to improve the
management of the ACP Funds
• Bank of Ghana demanded and
enforced the repayment of
Overdue Payment of 3
Commercial Banks in
December 2009.
• Stakeholders’ Meeting was
used to correct perceived
weaknesses in the Financial
Accounting and Record
Keeping of ACP Funds at the
PFI level.
- 21 -
• Review 50% of the ACP
Portfolio to identify in greater
detail the quality of the
Portfolio and Implement
Measures to Improve the
Quality of Performance
• Implement rigorous monitoring
on-site field trips to ensure
compliance with ACP policies
(BoG/ACPC)
• Implement a wider program to
collect Overdue Payment by
PFIs in collaboration with the
Management of Bank of Ghana
• Carry out the following
Capacity Building Activities:
- Skill-based Training in
Core Agric Credit
Appraisal and Monitoring
- Additional training in
Innovative Lending
Products
- Mentoring & Coaching
- Loan Performance
Monitoring