Omanghana
The International Finance Corporation and the Business Investment Financing Track have partnered with Ghanaian agricultural technology company Complete Farmer to expand digital financing, data-driven farming and supply-chain services across the country.
The support package includes a $2.4 million convertible loan and an additional $660,000 in advisory and grant funding, bringing the total commitment to more than $3 million.
The investment will enable Complete Farmer to scale up input-financing and agronomy services for smallholder farmers who often struggle to secure the funding required for commercial production.
Under the partnership, the company aims to reach and support 240,000 farmers by 2030. The initiative is expected to help close the agricultural credit gap by giving more producers access to inputs, technical guidance and reliable markets.
Complete Farmer operates a digital ecosystem that connects farmers with commercial buyers, input suppliers and financial institutions. The platform uses technology and agricultural data to coordinate production and improve relationships among participants in the value chain.
Through the system, farmers can gain access to inputs and agronomic support while buyers receive greater visibility into crop production and expected supplies. Financial institutions can also use production and transaction data to assess risk and make more informed lending decisions.
The partnership is expected to improve crop traceability, reduce fragmentation within agricultural supply chains and strengthen the reliability of produce supplied to commercial markets.
By integrating financing, production support and market access, the initiative seeks to address several obstacles that prevent smallholder farmers from expanding their operations.
The funding will also help Complete Farmer strengthen its technology and broaden its services as demand grows for more transparent and efficient agricultural supply chains.
The collaboration reflects efforts by development finance institutions and private-sector partners to use digital technology to modernize Ghana’s agricultural sector, raise productivity and improve farmers’ incomes.
If successfully implemented, the program could enable more smallholders to move beyond subsistence production, participate in structured markets and build financially sustainable farming businesses.
Source: Omanghana
