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Gov't disburses start-up capital to Ghanaian businesses

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Government has disbursed start-up capital ranging from Ten thousand, (10,000) to Hundred thousand, (100,00) Ghana Cedis to One Thousand, Three hundred and Fifty, (1,350) Ghanaian businesses.

The beneficiaries were chosen from seven thousand applicants through the private incubation hubs across the country.

The Chief Executive of the National Entrepreneurship and Innovation Plan, (NEIP), John Kumah, made this known at the launch of the District Business Council concept in Asante Mampong .

CEO of NEIP, John Kumah

The launch also saw the outdooring of the Councilors for Asante Mampong and Ejura in the Ashanti region as well as Techiman in the Bono-Ahafo region.

The District Business Council is an initiative of the Private Enterprises Federation to lobby for reforms on socio-economic issues within the administrative localities and provide linkages for communication and information sharing and advocacy among trade and business associations as well as individual businesses.

Mr. Kumah expressed confidence in the private sector to partner government in its job creation agenda and improvement of socio-economic circumstances.

He gave the assurance that government is creating the conducive environment through the formulation of policies for the private sector to grow.

The Mampong Municipal Chief Executive, Thomas Appiah Kubi, disclosed that the Assembly has budgeted more than 350 thousand Ghana Cedis to support 650 youth in the Municipality in apprenticeship training.

This is aimed at equipping the beneficiaries with employable skills to be economically independent and productive.

The Chief Executive Officer of the Private Enterprises Foundation, Nana Osei Bonsu, explained that the District Business Council concept seeks also to build the economic capacity of rural dwellers to take advantage of the many economic opportunities at their disposal to create wealth so as to curb the phenomenon of rural-urban migration.

 

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