Gov’t to train 26,000 entrepreneurs; announces plan to support 5000 of them with funds

Gov’t to train 26,000 entrepreneurs; announces plan to support 5000 of them with funds

- The government has announced plans of training 26,000 entrepreneurs in Ghana

- 5000 of them would be supported with funding to expand their businesses

- This comes under Window 3 of the Presidential Business Support Program being implemented by the NEIP

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The Ministry of Business Development has announced plans of training 26,000 entrepreneurs in Ghana.

Out of the number, 5000 of them would be supported with funding in order to grow their businesses.

This was announced by the Minister of Business Development, Dr. Ibrahim Mohammed Awal, on the sidelines of a press launch.

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YEN.com.gh understands that the launch was for Window 3 of the Presidential Business Support Program (PBSP) being implemented by the National Entrepreneurship and Innovation Program (NEIP).

Dr. Awal noted that President Nana Addo Dankwa Akuffo-Addo is committed to supporting the youth in Ghana.

“We will build their capacities and train them in the next two months in various areas including marketing and how to run your business successfully. Out of the 26,000, the President directed us to support 5,000 with funding of Ghȼ40m so that they can create jobs,” he explained.

He added that the objective is to build their resilience, create jobs and make our young people job owners instead of job seekers.

YEN.com.gh earlier reported that the National Entrepreneurship and Innovation Programme (NEIP) has set aside GHC50 million for 5000 startups in Ghana.

According to NEIP’s Chief Executive Officer, John Ampontuah Kumah, it forms part of the presidential business support program aimed at providing integrated national support for start-ups and small businesses.

He added that there are plans to grow new businesses with financial and business development services.

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