The Chief Executive Officer (CEO) of the National Entrepreneurship and Innovation Plan (NEIP), Mr John Kumah has disclosed that the NEIP has so far trained 19,000 applicants across the country and more than GH¢60 million has been disbursed in the last years.
According to him, the NEIP has provided integrated support for business start-ups and early-stage businesses has, so far, provided financial support to 4,350 entrepreneurs throughout the country.
Additionally, the programme, which started with a seed capital of US$10 million, has trained businesses, provided business advisory services, technical support, as well as access to market to about 19,000 businesses.
He shockingly disclosed that the opposition National Democratic Congress (NDC) under former President Mahama could only train 103 Ghanaians in its 8 years of governance with funding of a whopping GHC 10 million.
” Mahama’s NDC spent GHC 10 million to train 103 people in 8 years but when President Akufo-Addo took over, we have so far, trained 19,000 applicants across the country in less than 3 years, ” Mr John Kumah told Oheneba Nana Asiedu on Wontumi Radio and TV in Kumasi.
Mr John Kumah, said the growth of small businesses was pivotal to the vision of the government to achieve a Ghana beyond aid status.
“We want to help small businesses to move to the next level and expand to employ more workers. Stagnant businesses cannot create jobs, but with support, they can scale up their businesses,” he said.
Lawyer John Kumah encouraged the entrepreneurs to partner the government in programmes such as the One-district, One-factory to help add value to local raw materials and also honour their tax obligations.
He said young people must be taught how to do business, given the right education and support to enable them to succeed in the field of entrepreneurship.
The Presidential Business Support Programme launched in July 2017 is an initiative of the National Entrepreneurship and Innovation Plan (NEIP) under the Ministry of Business Development aimed at assisting Ghanaian businesses with Business Advisory Services and funding to scale up and to create jobs.