- 3,000 Startups have received funding from the president
- A total amount of GHC 30million was loaned to them to help build them develop their businesses
- The selected startups which came from all over the country, are expected to finish paying the monies in three years
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The president of Ghana, Nana Addo Dankwa Akufo-Addo, recently boosted thousands of Ghanaian startups with huge sums of money to help them scale-up, make more returns, and create more jobs.
Myjoyonline.com reports that the amount awarded to the 3,000 startups was a whopping GHC 30 million. Each startup has a period of 3 years to pay back the money with an interest rate of 10%.
They received amounts ranging from 10,000 to 100,000 Ghana cedis.
The initiative started back in 2017 and this is the second time it is happening.
In total, over 4,000 startups have benefited from it since the inception of the initiative which is dubbed, "The Presidential Business Support Programme."
Ministry of Business Development oversees the initiative under the auspices of the National National Entrepreneurship and Innovation Plan (NEIP).
Businesses that were aided by the funds came from all corners of both the newly-created regions in Ghana as well as the old existing ones.
Two elegant ladies from Munich named Michaela Tomfeah and Julia Tomfeah have become the first Germans to obtain citizenship in Ghana.
Reports sited by YEN.com.gh reveal that the two ladies are now dual citizens in Ghana and Germany.
The two German ladies have clearly set the pace as no one has been able to achieve this feat yet.
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