EU-Funded AgriFi Supports Ghana’s Complete Farmer with €2.5 Million Investment

Introduction

The EU-funded AgriFi initiative has made a significant investment of €2.5 million in Ghana’s Complete Farmer, aiming to empower smallholder farmers. This investment aligns with several Sustainable Development Goals (SDGs), particularly those focused on ending poverty, achieving food security, and promoting sustainable agriculture.

Investment Overview

• Investor: AgriFi, funded by the European Union
• Recipient: Ghana’s Complete Farmer
• Amount: €2.5 million
• Purpose: To empower smallholder farmers through innovative agricultural solutions

Alignment with Sustainable Development Goals

This investment directly contributes to the following SDGs:

1. SDG 1: No Poverty – By providing smallholder farmers with resources and support, the initiative helps reduce poverty in rural communities.
2. SDG 2: Zero Hunger – Enhancing agricultural productivity and food security through sustainable farming practices.
3. SDG 8: Decent Work and Economic Growth – Creating economic opportunities and improving livelihoods for farmers.
4. SDG 12: Responsible Consumption and Production – Promoting sustainable agricultural methods that minimize environmental impact.

Impact on Smallholder Farmers

• Access to innovative farming technologies and resources
• Improved agricultural productivity and income stability
• Enhanced food security for local communities
• Support for sustainable and climate-smart farming practices

Conclusion

The €2.5 million investment by AgriFi in Ghana’s Complete Farmer represents a strategic effort to empower smallholder farmers and contribute to multiple Sustainable Development Goals. This initiative exemplifies the role of impact-focused business in driving sustainable development and economic growth in emerging markets.

1. Sustainable Development Goals (SDGs) Addressed or Connected

1. SDG 1: No Poverty – The article discusses empowering smallholder farmers, which is directly linked to poverty reduction.
2. SDG 2: Zero Hunger – Supporting smallholder farmers contributes to food security and sustainable agriculture.
3. SDG 8: Decent Work and Economic Growth – Investment in smallholder farmers promotes economic growth and decent work opportunities.
4. SDG 9: Industry, Innovation and Infrastructure – The EU-funded Agrifi program’s investment implies support for innovation and infrastructure development in agriculture.

2. Specific Targets Under Those SDGs

1. SDG 1 Target 1.2: Reduce at least by half the proportion of men, women and children living in poverty in all its dimensions.
2. SDG 2 Target 2.3: Double the agricultural productivity and incomes of small-scale food producers, particularly women, indigenous peoples, family farmers, and fishers.
3. SDG 8 Target 8.3: Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, and innovation.
4. SDG 9 Target 9.1: Develop quality, reliable, sustainable and resilient infrastructure, including regional and transborder infrastructure, to support economic development and human well-being.

3. Indicators Mentioned or Implied to Measure Progress

• Indicator 1.2.1: Proportion of population living below the national poverty line, by sex and age – implied through the focus on poverty reduction among smallholder farmers.
• Indicator 2.3.1: Volume of production per labour unit by classes of farming/pastoral/forestry enterprise size – implied through the aim to empower smallholder farmers and increase productivity.
• Indicator 8.3.1: Proportion of informal employment in non-agriculture employment, by sex – implied by creating decent work opportunities for farmers.
• Indicator 9.1.1: Proportion of the rural population who live within 2 km of an all-season road – implied through infrastructure development to support farmers.

4. Table of SDGs, Targets, and Indicators

Source: nextbillion.net