A list of frequently asked questions and answers regarding our services have been compiled for your convenience. If your question is not listed or answered here, please contact us at faq@edifghana.com and our staff will answer your questions.
The Export Development and Investment Fund (EDIF) was set up by an Act of Parliament 582 dated 04 October 2000.
The Fund is aimed at providing financial resources for the development and promotion of the country’s export trade.
The Fund supports the following activities:
• development and promotion of products for export
• capacity building, market research and development of infrastructure
• development and promotion of other entrepreneurial activities
• export trade oriented activities of institutions and bodies both in the public and private sectors of the economy
• the provision of credit, export insurance, refinancing and credit guarantees.
The Fund depends on five (5) sources, namely;
• 0.5% of CIF value of imports of non-petroleum products
• 10% of the net proceeds obtained from divestiture of any State Owned Enterprise
• Recoveries of loan with interest
The Fund has two main facilities which can be accessed by applicants for funding namely the Credit Facility and Export Development and Promotion Facility.
• export trade oriented activities of institutions and bodies both in the public and private sectors of the economy
• the provision of credit
• export insurance
• refinancing and credit guarantees.
• Individuals
• Corporate exporters
• Producers of export goods
SME’s as well as existing and new businesses qualify for EDIF assistance
Monies are disbursed after approval has been given by the EDIF Board through DFIs.
• It is a financial institution which the EDIF Credit Facility scheme is operated in partnership with.
• It receives EDIF loan application forms completed by sub-borrowers and submit appraisal reports and recommendations to the EDIF Board.
• It bears the full credit risk for loans approved on their recommendations.
• Have an account with them
• Cashflow Statement
Business Plan/Feasibility Study
• Copy of Export Order
Copy of Export Contract
• Audited Accounts for the past 3 years
Statement of Affairs (Sole Proprietor)
by competent accounting firm.
• Security: Copy of Title Deed
Valuation report or
Other collateral Security
• Certificate of a Company’s Registration
and Copy of Regulations
The EDIF scheme attracts interest rate of 12.5% per annum
The EDIF Credit Facility is granted over three periods.
• Short term facility for a period not exceeding twelve months
• Medium term facility for a period not exceeding five years
• Long term facility for a period exceeding five years.
But it is made flexible and accommodating to ensure easy accessibility.
• Product development and promotion
• Capacity building, market research and development of infrastructure
• Development and promotion of other entrepreneurial activities
• Export trade oriented activities of institutions
• Institutions
• Organisations
• Product and trade associations in both the private and public sector providing export services
• Thus the assistance provided under this facility is expected to benefit a group, sector or industry and NOT one exporter.
• A request for funding will have to be submitted to the EDIF Secretariat on a prescribed application form obtainable from the Secretariat.
