PROJECT PROFILE

Youth in Greenhouse Enterprise Project (YUGEP)

Country: Ghana
Sector: -
Product: Tomatoes, bell Pepper, Cucumber, Cabbage, Chilli, Potatoes,
Summary:

The Ghana EXIM Bank Youth in Greenhouse Enterprise Project (YuGEP) is an initiative to promote investment in Greenhouse Vegetable production in Ghana towards import substitution and job creation. YuGEP, a two-year project (2019 – 2020), involves the construction of 100 greenhouses in six regions including Ashanti, Greater Accra, Volta, Central, Western and Eastern. The project will provide technical and financial assistance to 100 tertiary graduate entrepreneurs aged between 20 and 35 to own and manage their own greenhouses. Each beneficiary will be given one greenhouse structure covering a total of 640sqm; a packing shed for cleaning, sorting, grading and packing; growing medium and certified seeds; irrigation facility and small farm tool or equipment. Beneficiaries are expected to payback the credit facility that was provided through the installation of the Greenhouses over a period.

Funding types: Equity financing, Letter of Credit (L/C), Revolving loan/Overdraft facility