Significant Financial Support boosts Ghana's comprehensive farmer to revolutionize Northern Agriculture, to the tune of $2.5 million
The European Union's AgriFI initiative has made a significant investment in Complete Farmer, a Ghanaian agritech startup, committing €10 million in total, with €2.2M (~$2.5M) allocated specifically to the startup. This funding will enable Complete Farmer to expand its reach in rural Ghana, addressing critical gaps in inputs, storage, and market access for smallholder farmers, particularly in the northern regions.
The focus of the project is not only on SaaS platforms but also on physical infrastructure. The new funding will facilitate the construction of six rural fulfilment centres across five northern regions in Ghana. Each centre will function as a combination of warehouse, logistics, and quality control hub, providing essential infrastructure for farmers.
These centres aim to reshape agriculture from the ground up in Ghana, as they will offer storage, quality seeds, and logistics services, helping to bridge the gap between farmers and markets, enhancing rural agricultural productivity and income.
Complete Farmer's digital platform connects smallholder farmers with global buyers, ensuring their produce meets international standards. This facilitates access to broader markets for farmers, improving their economic opportunities. The integrated crops from these farmers will be part of traceable supply chains with international buyers.
The aim is to build a more competitive, climate-conscious, and equitable agricultural economy. The initiative focuses on the northern regions of Ghana, areas with limited access to markets and agricultural infrastructure, aligning with broader goals of inclusive rural development and more resilient supply chains. The project aims to support over 5,000 smallholder farmers initially, with potential for further expansion.
Rodrigo Madrazo García de Lomana, CEO of EDFI, described the project as a model of inclusive innovation. The EU Ambassador to Ghana, Irchad Razaaly, stated that better infrastructure and digital platforms will lead to better access to quality seeds, tools, expert advice, and markets for farmers.
In conclusion, the EU's AgriFI initiative supports Complete Farmer’s expansion by building critical infrastructure and enhancing market access for smallholder farmers in Ghana’s northern regions. This collaborative effort aims to transform agricultural productivity, improve rural livelihoods, and promote sustainable economic development in these areas.
Investing in real-estate will be part of Complete Farmer's expansion strategy, as the new funding will be used to construct six rural fulfilment centres, each serving as a combination of warehouse, logistics, and quality control hub for smallholder farmers in Ghana's northern regions. By offering storage, quality seeds, and logistics services, these centres will play a pivotal role in bridging the gap between small-business farmers and markets, fostering a more competitive and equitable small-business agriculture sector within the finance domain.
