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NEIP, World Bank to Disburse $7Million Grant to support Hubs Programme

Published

6 months ago

June 10, 2023

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The NEIP to disburse $7 million to Hubs as part of NEIP Hubs Acceleration Grant Programme under the Ghana Evonomic Transformation Project-GETP.

Speaking at signing of the NEIP acceleration hubs grant, the CEO of NEIP, Mr Kofi Ofosu Nkansah reiterated to the fact that, the Ghana Economic Transformation Project has four (4) components, and NEIP’s programmes fall under Component 3 of the project.

According to him, the component 3 supports entrepreneurship and SME growth in non-resource-based sectors and it is aimed at addressing the limited development of the SME and entrepreneurship support ecosystem, including early-stage financing to promote and strengthen a growth model that is conducive to economic transformation, to achieve higher rates of investment and productivity growth across the economy, especially in non-resource-based sectors.

He pointed out that the Hubs Grant sub-component under Component 3 which contract ceremony we are executing today, is a Grant Programme to support the development of the entrepreneurship ecosystem by building the capacities of entrepreneurship hubs to bring the quality of their services up to international standards.

The Hubs will be supported to run programmes, that would benefit firms and startups within our communities.

Mr Ofosu Nkansah observed that the grant programme was competitively designed to select a number of hubs which will be provided Technical assistance and capacity building to address gaps identified during the benchmarking exercise.

Ghana Hubs NetworkGhana Enterprises Agency Nana Addo Dankwa Akufo-Addo World Bank Africa World University Service of Canada (WUSC-EUMC) Mastercard Mastercard Foundation.

Source: Joseph Nana Yaw Cobbina| Contributor