Download full report - MiDA Ghana
Download full report - MiDA Ghana
Download full report - MiDA Ghana
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INDICATOR: Number of Participating Financial Institutions accredited (60)<br />
ANNUAL TARGET<br />
(Apr 09 – Mar 10)<br />
ACTUALS TO DATE<br />
(October 09 – Dec 09)<br />
CUMMULATIVE ACTUALS<br />
TO DATE<br />
55 3 56<br />
ACTIVITY STATUS NEXT STEPS<br />
i. Provide Accreditation to<br />
PFIs<br />
• Three (3) additional<br />
accreditations recorded, all<br />
FNGOs.<br />
• The cumulative number of<br />
Accredited PFIs is now 56,<br />
comprising 11 Commercial<br />
Banks, two (2) Savings &<br />
Loans Companies, 34 Rural<br />
and Community Banks and<br />
nine (9) FNGOs, and located<br />
in all the three Footprint<br />
Zones of <strong>MiDA</strong>.<br />
• Engage with the Banking<br />
Sector to improve the<br />
number of active members<br />
on the PFI Accredited List.<br />
• Increase number of<br />
Commercial Banks as PFIs<br />
INDICATOR: Number of Participating Financial Institutions’ Staff trained (480)<br />
ANNUAL TARGET<br />
(Apr 09 – Mar 10)<br />
ACTUALS TO DATE<br />
(October 09 – Dec 09)<br />
200 0 173<br />
ACTIVITY STATUS NEXT STEPS<br />
i. Organize Training and<br />
Sensitization Programs in<br />
Agric Credit<br />
• There was no core Agric<br />
Finance Training for PFIs and<br />
Senior Management.<br />
• Stakeholders’ Meeting was used<br />
to correct perceived weaknesses<br />
in the financial accounting and<br />
record keeping of ACP Funds at<br />
the PFI level.<br />
CUMMULATIVE ACTUALS<br />
TO DATE<br />
• Carry out the following<br />
Capacity Building Activities:<br />
- Skill-based Training in<br />
Core Agric Credit<br />
Appraisal and Monitoring<br />
- Additional training in<br />
Innovative Lending<br />
Products<br />
- Mentoring & Coaching<br />
- Loan Performance<br />
Monitoring<br />
INDICATOR: Total Outstanding Principal Balance for group/individual loans (US$35,000,000)<br />
ANNUAL TARGET<br />
(Apr 09 – Mar 10)<br />
ACTUALS TO DATE<br />
(October 09 – Dec 09)<br />
CUMMULATIVE ACTUALS<br />
TO DATE<br />
US$ 15,000,000 US$ 1,216,176.99 US$ 9,344,875.34<br />
ACTIVITY STATUS NEXT STEPS<br />
i. Coordinate Activities with<br />
Agric Team<br />
• The cumulative Outstanding<br />
Principal Balance stood at<br />
US$ 9,344,875.34.<br />
• There was active coordination<br />
between the Agric Credit and<br />
Agric Teams at Program and<br />
Zonal Levels<br />
• Continue effective<br />
coordination with Agric<br />
Team’s CDFO Program at<br />
both Program and Zonal<br />
Levels<br />
*This is based on funds disbursed to the PFIs by Bank of <strong>Ghana</strong><br />
**This is based on funds actually disbursed by PFIs to final borrowers. There is a significant amount of funds<br />
disbursed by Bank of <strong>Ghana</strong> to PFIs which are yet to be disbursed to borrowers. This is partly due to phased<br />
disbursements to borrowers according to stages of need agreed between borrowers and PFIs.<br />
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