Ghana - Incentive-Based Risk-Sharing System for Agricultural Lending Project (GIRSAL)

Project Summary

Approval Date 26 Sep 2018
Signature Date 12 Mar 2019
Planned Completion Date 29 Feb 2024
Sovereign / Non-Sovereign Sovereign
Sector Agriculture and Rural Development
DAC Sector Code 31110
Commitment U.A 10,000,000
Status Implementation

Project General Description

The present project concerns the Incentive Based Risk Sharing System for Agricultural Lending (GIRSAL). It was conceived in the context of Ghana's agricultural transformation. The role of GIRSAL is to help accelerate financing and interconnectedness of the agriculture sector to ensure that across its key components, it is functioning at optimal levels. The project will enhance agriculture financing and sector transformation through increased capital inflows into critical value chains. That increased inflow will ensure appropriate supply of inputs, extension services, critical infrastructure, skilled labour and related services to raise the productivity of crops and livestock. The project comprises two Components. (i) Promoting de-risking for the Agriculture Sector; (ii) Project Management, Monitoring and Evaluation.

Project Objectives

The integrated development objective of the Project is to transform access to finance and risk sharing across agricultural value chains. Doing so will boost food and nutrition security, job and wealth creation. The specific Project objective is: to increase formal sector lending to across the agricultural value chain especially the upstream, primary stages by sharing the risk of lending with financial institutions.


The direct beneficiaries of the project are commercial and universal banks, specialized lenders, microfinance companies, private sector investors and other types of private equity sources. Indirect beneficiaries include the majority of non-subsistence farmers, namely commercial farmers of all sizes, input suppliers, logistics service providers, processors and retailers.

Participating Organization

African Development Fund


IATI identifier 46002-P-GH-A00-006
Last Update 16 Jan 2020


Contact Details

Name SULEIMAN Farida Akello

Geographic Location

Country Ghana