|Date||30 Jan 2023|
The Feed the Future Ghana Trade and Investment (GTI) Activity is a five-year activity that started on initiated December 1, 2021. The Activity will work closely with public and private sector stakeholders to improve the enabling environment for Ghana’s economic growth by (1) facilitating growth in export-oriented trade; (2) improving and developing product standards; (3) catalyzing investments in private enterprises related to high-value commercial crops; (4) promoting job creation, particularly among women and youth; (5) promoting economic diversification; and (6) increasing foreign exchange revenues from high-value export crops. Nathan Associates will facilitate investing in firms that trade goods across borders, spur innovation, and build the capacity of the entire trade sector.
In scaling up our approach, Nathan Associates will develop a flexible menu of innovative financing activities that leverages the private sector to increase two-way trade and investment between the United States and Ghana. Nathan Associates transaction advisory services will facilitate exports and investment and adhere to the principle of additionality to address market gaps unfilled by the private sector.
The global economic shock induced by commodity fluctuations has adversely affected Ghana’s economy just when it was beginning to recover from the pandemic. The combination of adverse external shocks has exposed Ghana to a surge in inflation, large exchange rate depreciation and stress on the financing of the budget. These factors taken together have put sustainability of Ghana’s debt at risk. Debt restructuring has commenced to reduce the Government’s interest and principal repayment burden to local and external lenders.
Agriculture value chain actors in Ghana have difficulty accessing affordable innovative financing for business growth, especially working capital financing. Nathan Associates as part of its mandate to increase investment wishes to support the Fund Manager to set up a working capital fund of up to US$30m. With local lending constrained, the Fund is expected to provide affordable and smart capital to companies in agricultural values chains which supports our objectives and anticipated results which are stated below:
SCOPE OF WORK
We are seeking viable, reputable, and Ghana-licensed fund managers with a strong investment track record to establish a working capital fund targeting agribusinesses (in input, aggregation, processing, transport/distribution, marketing) in our Zone of Influence (ZoI) in Ghana. The fund manager will be supported by USAID Ghana Trade & Investment Activity Technical Assistance (TA) to navigate the establishment of the Fund and assist in capital raising efforts alongside the qualified fund manager, the goal is to launch the working capital investment fund of targeting US$30m, leveraging on US Government commitment and private sector investment to support food security and nutrition.
The fund manager is expected to carry out the following activities:
The successful Offeror shall deliver to Nathan Associates the following deliverables, in accordance with the schedule set forth in II.4 below.
Deliverable No. 1: Fund structure and documentation
The Offeror shall provide Nathan Associates with an inception report, detailed fund structure and preliminary documents (including Investment Policy Statement) required for Fund Management application and submission to the Securities and Exchange Commission (SEC)
Deliverable No. 2: Investment Materials
The Offeror shall provide Nathan Associates with fundraising materials including but not limited to:
Deliverable No. 3: Capital Raise plans
The Offeror shall provide Nathan Associates with the following:
The Fund when fully operational will contribute to Nathan Associates target of facilitating up to US$50m of investments to SMEs in our value chains by leveraging US Government support to attract financing from the private sector.
The successful Offeror shall submit the deliverables described above in accordance with the following deliverables schedule:
How To Apply
OFFER DEADLINE: MARCH 7,2023
Emailed offers must be received by the same time and date at the following address:
Offerors are responsible for ensuring that their offers are received in accordance with the instructions stated herein. Late offers may be considered at the discretion of Nathan Associates cannot guarantee that late offers will be considered.
Please use the link below to download full application package:
Please note, employers receive numerous applications per posting and will only shortlist the most qualified candidates. Also
Jobsinghana.com is not involved in any decision made by an employer/recruiter and therefore does not guarantee that applications sent
will result in a candidate being shortlisted/selected for that position.
|How to Apply||Click Here|