GIRSAL (Ghana Incentive-Based Risk Sharing System for Agric Lending)

GIRSAL Ltd. is a public-private partnership established by the Government of Ghana, with seed funding from the Bank of Ghana and the Ministry of Finance, to de-risk agriculture and agribusiness financing by financial institutions. Its mission is to catalyze a transformative increase in commercial bank lending to the agriculture and agribusiness sectors by providing comprehensive, structured financial and non-financial incentives. The core of its operations is the GIRSAL Credit Risk Guarantee, which covers a percentage of potential losses on loans granted by banks to agribusinesses, thereby making lending to the sector more attractive.