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General News of Friday, 30 May 2025

    

Source: www.ghanawebbers.com

World Vision’s THRIVE 2030 Project to empower over 800,000 farmers across Ghana

World Vision International has launched a new program in Ghana. This initiative aims to improve household resilience for over 800,000 farmers.

The program is called the THRIVE 2030 Project. It was launched after signing a Memorandum of Understanding (MoU) with six partners. These partners include Fairtrade Ghana, Esoko, PANGEA Africa, Vision Fund Ghana, Ghana Commodity Exchange, and Farm Concern International.

The project targets systemic poverty in vulnerable farming communities. It uses a four-pillar strategy: mindset transformation, financial empowerment, sustainable agriculture, and access to capital.

Justice Tsegah leads the THRIVE 2030 Project at World Vision. He explained that the first pillar focuses on mindset transformation. The Empowered Worldview Curriculum helps beneficiaries understand their needs and create business plans.

The second pillar is "Savings for Transformation." This allows community savings groups to pool funds weekly. They can also access small loans to support their businesses. Farmers will receive training in sustainable production and market systems.

The final component involves capital injection through VisionFund. This microfinance arm of World Vision aims to boost growth within savings groups. They offer financial support tailored to each group's activities.

Mr. Tsegah emphasized the importance of digitalization for this project. THRIVE will use mobile phones and an app for savings group processes. “Digitizing ensures transparency and lets beneficiaries track finances easily,” he said.

Frank Alornu is the CEO of VisionFund Ghana. He explained that funding access depends on applicants’ business nature and financial literacy. Training will be provided before loans are disbursed based on each beneficiary's needs.

He stressed that funds will only go to those engaged in productive activities. This ensures effective use of capital for business expansion.

Solomon T. Mensah is the CEO of Esoko. He highlighted their role in providing timely digital information to farmers. Through Esoko’s Digimart platform, farmers will get real-time updates to support income growth across 14 targeted districts.

The THRIVE 2030 Project could significantly impact rural poverty reduction in Ghana. By combining mindset shifts, financial access, market integration, and digital innovation, it aims for long-term resilience and prosperity for farmers.