Entrepreneurship programme in Ghana receives $100 million funding from government
Ghana’s government has setup a 100 million dollar package to fund the National Entrepreneurship and Innovation Plan also known as NEIP.
The funds will be raised from private sources and public organizations. President Nana Akufo Addo says his main objective is to create jobs for the growing number of unemployed youth. The programme aims to stimulate private sector growth, so as to accelerate job creation and provide entrepreneurial Ghanaian youth with a critical alternative to salaried appointment.
NEIP will also give tax incentives for start-ups and entrepreneurs to help them begin and expand their operations. The president said he is confident the project will help address the major unemployment issue in the country.
According to the president the NEIP will enable new businesses to emerge and give them the space to grow by receiving “financing and business development services, to secure markets during the critical formative years, and to tap into a wide supply chain and network during their growth years, helping to create jobs at a widely distributed, national level.”