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.
