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Presidential Business Support 3rd Window:GH₵50m soft loan for 5,000 start-ups
Five thousand business startups are to benefit from a soft loan facility totaling GH₵50million under the third window of the Presidential Business Support Programme (PBSP) which opens across the country today.
The beneficiaries would be selected from 26,000 entrepreneurs from all districts whose capacity would be built in marketing and business management as part of the programme.
Launched by President Nana Addo in 2017, the PBSP is aimed at assisting Ghanaian businesses with capacity building, money and funding for young entrepreneurs and start-ups.
At the launch of the new window in Accra yesterday, Minister of Business Development, Dr Ibrahim Mohammed Awal said 19,000 startups supported under the previous windows had created 90,000 jobs.
This, he said, was a testament of the need to support the youth to be job creators instead of job seekers since only two per cent of the nearly 250,000 young people who graduate get jobs in the formal sector.
“The rest must find jobs in the private sector hence the president’s commitment to entrepreneurship to train them, equip them, fund them and build capacity so that they can create jobs and employ more people,” he said.
According to Dr Awal, the country was largely a youthful population with three per cent of the young people below 30 years and that the government was determined to use the programme as a resource to enhance national development and create wealth for the people.
On his part, John Kumah, the Chief Executive Officer (CEO) of the National Entrepreneurship and Innovation Programme (NEIP), the agency coordinating the programme, said this year’s edition had been extended from 19,000 beneficiaries to 26,000 and GH₵40million to GH₵50 million to support more people.
He said 100 beneficiaries would be selected from each of 260 districts across the country and given loans ranging between GH₵5,000 and GH₵50, 000 with 10 per cent interest.
The interest, he said, was to sustain the pool of fund and support other people as well as incorporate the culture of loan repayments to enable them approach banks for loans in the future.
This year, he said, application had been decentralised and not done exclusively online, in response to concerns raised by prospective beneficiaries in the rural areas that internet access was an impediment.
He assured all prospective applicants of a fair and selection process as private consultants would be in charge of the selection after which the Monitoring and Evaluation department of the ministry would follow up.
“It is a very fair and transparent process. I urge all to apply through their district assemblies, every Ghanaian with a business idea is qualified,” he said.
On the recovery of loans, Mr Kumah, said it was about 70 per cent but the COVID-19 had slowed down recovery rate.
BY JONATHAN DONKOR
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Stop the hypocrisy and serve the interest of Ghana- Della Sowah jabs GBA
Former Member of Kpando, Della Sowah has jabbed the Ghana Bar Association (GBA) over what she describes as hypocrisy.
This follows a press release by the GBA demanding a reversal of the suspension of the Chief Justice, Gertrude Torkornoo.
In a statement dated April 26, the GBA contended that the President’s decision to suspend the Chief Justice under Article 146(10) of the Constitution is flawed.
Responding to the GBA in an interaction with the media, Della Sowah said the GBA’s position is out of hypocrisy where the Association only finds its voice on national issues when the NDC is in power.
“Where was the GBA when Charlotte Osei an astute lawyer was removed as Chair of the Electoral Commission under the erstwhile NPP government?,” she quizzed.
She added that few days ago the GBA in a first press release signed by their President, Mrs. Efua Ghartey, did not find anything constitutionally wrong with the President’s action on the removal of the Chief Justice.
” Why the sharp U-turn? Is GBA serving the interest of a political party rather than Ghana? Who is forcing them,” she asked.
Della Sowah further added that the GBA is not the Constitution and they cannot arrogate to themselves powers they do not have.
” Who are you to declare the decision of the President unconstitutional? Are you now arrogating to yourselves the powers of the Supreme Court?,” she quizzed.
She charged the GBA to refrain from its dislike for the NDC else they would lose their relevance on national matters.
Della Sowah finally advised them to desist from misleading their members and young lawyers on issues of constitutional interpretation due to their biases.
She assured the public that President Mahama will follow the constitution and ensure everything is done in line with the laws of Ghana.
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Communication Ministry To Train 3000 Girls This Year Under The Girls-In-ICT Initiative
The Ministry of Communication, Digital Technology and Innovations is set to train 3,000 girls under this year’s Girls-In-ICT Initiative.
The 2025 edition of the programme will expand its footprint to three key regions: Volta, Upper East and Upper West, with each region hosting 1,000 girls for in-person training sessions.
This marks a significant increase in reach and impact compared to previous years, where only 500 girls received face-to-face training while an additional 500 participated online.
By offering full in-person training to all participants this year, the Ministry aims to provide a more immersive and hands-on experience in Information and Communication Technology (ICT) education.
The Minister, Samuel Nartey George (MP) revealed this when a team from TATA Consultancy Services (TCS) paid a courtesy call on him today in his office and expressed interest in supporting the Girls-In-ICT Initiative.
During the meeting, the TCS team led by the President-MEA, Sumanta Roy commended the Ministry for its efforts in promoting digital inclusion and bridging the gender gap in technology through the Girls-In-ICT programme.
They emphasized the alignment of the initiative with TCS’s global corporate social responsibility agenda, which includes advancing education, promoting digital skills, and empowering underrepresented groups, especially young women in the tech industry.
The Honourable Minister welcomed the interest shown by TCS and noted that strategic partnerships like this are essential to the sustainability and expansion of the initiative.
The Girls-In-ICT Initiative, one of the Ministry’s flagship programs, seeks to equip young girls with practical digital skills and introduce them to the vast opportunities within the ICT sector.
The initiative also aims to address gender disparity in STEM fields and encourage greater female participation in Ghana’s digital economy.
Hon. Samuel Nartey George (MP) speaking about the 2025 rollout, stated: “This year’s program represents our commitment to building inclusive digital skills and creating future leaders in tech.
By expanding in-person sessions to all participants, we’re ensuring that every girl has the opportunity to learn, engage, and grow with hands-on support from professionals and mentors”.
Participants in this year’s training will receive instruction in coding, basic computer operations, cybersecurity and creative digital tools.
The programme also features mentorship sessions with women in tech, ICT competitions and career development workshops designed to build confidence and spark innovation among the girls.
According to the Minister, empowering girls today with ICT skills will transform communities and drive national development. The initiative is a key part of Ghana’s broader digital transformation agenda, which emphasizes equitable access to digital tools and education for all citizens.
About the Girls In ICT Initiative:
The Girls-in-ICT (GIICT) Initiative was introduced in Ghana in 2012. It is an initiative by the International Telecommunications Union to create a global environment that empowers and encourages girls and young women to consider studies and careers in the growing field of ICT.
