To help 36,000 rural businesses and create 50,000 new jobs, the Ghana Ministry of Trade and Industry has applied for a loan from the International Fund for Agricultural Development (IFAD).
The $ 40 million loan will be used to finance the Rural Enterprise Program (REP), which aims to put 45,000 businesses and create jobs for the country within three years to support Economic Growth.
Thus, rural businesses will benefit from access to credit facilities. In addition, the ministry targeted rural entrepreneurs deemed poor to help them with additional funds to make them productive assets for the nation.
It should be noted that the program should be implemented nationally in all districts. It is in addition to the Presidential Business Support Program, which aims to help 1350 small and medium-sized enterprises (SMEs) to facilitate private sector growth, expand their businesses and create jobs for about 30,000 unemployed Ghanaians.
Trending
- Ghana: Sheikh Abdulmalik Tariq Al-Qahtani, CEO of AHQ Group, received by President John Mahama Drama
- Mathias Chichportich, Tidjane Thiam’s “black robe”
- Senegal adopts a new investment code
- Rwanda: Moody’s upgrades outlook of B2 rating to “stable”
- Tunisia: Arab Tunisian Bank plunges heavily as BIAT and Amen Bank consolidate their positions
- UMOA-Titres: Mali pays more than Côte d’Ivoire and Benin
- Société Générale Côte d’Ivoire maintains its AAA rating with Bloomfield
- COSUMAF approves Franky Bunang as Deputy General Manager of Harvest Asset Management
Ghana: IFAD to the rescue of rural enterprises
Ndeye Magatte Kebe
Journaliste reporter à Financial Afrik, diplômée en Journalisme et communication à l’Institut Supérieur Entreprenariat ship et de Gestion (ISEG) de Dakar. Bloggeuse, panafricaniste, elle est membre de l’Union Internationale de la Presse Francophone (UPF). Maguette est une journaliste passionnée d’économie et d’actions humanitaires et intéressée par les questions liées au Genre surtout celles des femmes rurales.
Add A Comment
About us
Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
Contact us: redaction@financialafrik.com