Ghana News Agency (Denu) – Between ten and 20 selected business proposals from among small and growing business (SGB) owners in the Ketu South municipality will receive a funding package of between GHC5,000 and GHC50,000 to support their business and build the local economy.
This forms part of the Presidential Business Support Programme, which is being rolled out throughout the country. The PBSP aims to support businesses and entrepreneurs under the National Entrepreneurship and Innovation Programme (NEIP) against the negative impact of COVID-19 and help build a self-sufficient economy.
Gorkel Obro-Adibo, a management consultant, presented the programme when he facilitated a day-long training programme organised by the NEIP to train a hundred business owners in the municipality.
The programme trained entrepreneurs from diverse backgrounds and different parts of the municipality in a number of topics. These included business models, business plan development, financial planning for SGBs and how to write fundable business plans.
Obro-Adibo said the programme is aimed at training participants to understand the business terrain, especially in the COVID-19 era, before they apply for support to lessen the impact of the pandemic on businesses.
He said the level of funding each business would receive would depend on the strength of its plan and how “viable the business is and the potential to offer employment opportunities to other people”.
Elliot Edem Agbenorwu, the municipal chief executive for Ketu South, said he would lobby the NEIP for more businesses to receive support and build the local economy, in line with the government’s Ghana Beyond Aid agenda.
He said his decision to lobby for a 100% increase stemmed from the peculiarities of the area, “which is a border municipality and has businesses hard hit as a result of the border closure” prompted by the spread of COVID-19.
Eric Dotsey, a participant who is involved in agribusiness, expressed the hope that his business would be selected so that he could get access to the capital he will need to expand his business.
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