AFD Ups Aid for Ghana's Rubber Farming Sector

The French Development Agency will provide 14 million euros (USD18 million) for the development of the rubber farming sector in Ghana. Photo by: Peter Fristedt / CC BY SA Peter FristedtCC BY SA

The French Development Agency, or AFD, will provide 14 million euros (USD18 million) under an agreement signed with Ghana’s Agriculture Development Bank for the development of the African country’s rubber farming sector.

The agreement is in support of the Rubber Outgrower Project’s fourth phase, according to Ghana Web. AFD has been financing the project since 1988, the newspaper adds.

Under the agreement signed Aug. 3 in Accra, the Agricultural Development Bank is expected to on-lend to some 2,750 small-scale farmers.

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  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.