At a brief but colourful ceremony in Tamale on Friday 14th September, 2018 the Vice President of the Republic, Dr Mahamudu Bawumia, assisted by corporate, business and religious leaders, presented cheques ranging between Ghs10,000 and Ghs100,000 to the leaders of businesses which had successfully gone through the rigorous selection process undertaken by the National Entrepreneurship and Innovation Plan, which is under the Ministry for Business Development.
The beneficiary businesses were competitively selected through the recommendations of the Private Incubation Hubs in a transparent, efficient and equitable manner to increase the likelihood of their success and sustainability.
Reports indicate the merrymaking and media announcements, the Youth Enterprise Support programme set up under the NDC provided support to just 67 businesses, while over 2000 businesses have received support in the
Speaking after the presentation, Vice President Bawumia underscored that this was yet another sign of Government’s commitment to supporting the growth of Ghanaian businesses, particularly
“Today marks a very important and exciting milestone in the life of our dear Country. We have gathered here to celebrate and award financial support to the young men and women who have braced the odds to venture into the world of entrepreneurship.”
“Through the Ministry for Business Development,
Vice President Bawumia reiterated President Nana Addo Dankwa Akufo-Addo’s vision and
“This vision is clearly articulated in the Coordinated Programme of Economic and Social Policies (2017-2024) of His Excellency the President. The Government strongly believes that the private sector is a key partner and the main driver of our economic development agenda and we are therefore committed to the development of a thriving private sector in the country.”
Vice President Bawumia urged the beneficiaries to work and justify their selection by reaching beyond the shores of Ghana.
“Entrepreneurship is not an easy journey, so be courageous, take the bold steps to build your businesses and be competitive.
I would like to urge you to look beyond Ghana and set your sights towards neighbouring Burkina Faso, Mali, Niger etc. These are potential markets for your products. Also pay attention to product design and product differentiation, packaging and marketing so that your products will meet both local requirements and global standards.”
A delighted Minister for Business Development, Dr Ibrahim Mohammed Awal, expressed delight at the success of the programme so
According to officials of the NEIP, over 1,000 micro, small and
The businesses selected for funding cover many sectors of the economy including