The Bank of Ghana has joined the International Finance Corporation (IFC) and Access Bank Ghana Plc in signing a Risk-Sharing Guarantee Scheme aimed at strengthening Ghana’s cocoa value chain.
The agreement, signed in Accra, is designed to provide Licensed Buying Companies (LBCs) with essential working capital to sustain operations and safeguard rural livelihoods.
Speaking at the ceremony, Second Deputy Governor of the Bank of Ghana, Mrs. Matilda Asante-Asiedu, underscored the importance of credit guarantee schemes in driving agriculture-led growth. “This scheme is strategically designed to provide essential working capital to Licensed Buying Companies. Their stability safeguards rural livelihoods, strengthens export earnings, and supports exchange rate resilience,” she stated.
Mrs. Asante-Asiedu commended Access Bank Ghana’s strong market performance, noting its total assets of GHS 19.47 billion. She said the figure reflects customer loyalty, sound risk management, and overall market confidence, positioning the bank as a credible conduit for development finance in support of national economic priorities.
The initiative is expected to bolster Ghana’s cocoa sector, enhance export earnings, and reinforce the country’s external buffers, while deepening collaboration between financial institutions and the agricultural industry.
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