Ghanaian entrepreneurs are set to benefit from a US$100 million boost in government funding.

This the latest outcome of the National Entrepreneurship and Innovation Plan (NEIP), an ongoing government initiative to reduce unemployment rates (particularly among the youth) and strengthen the national economy.

As reported by Pulse, the country’s Minister of Business Development Ibrahim Mohammed Awal announced that the US$100 million will be used to assist around 3 000 start-ups. ‘We want young people [to] know that when you have a business idea, the government is willing to support you,’ he says.

The NEIP was established to help ‘build the most business-friendly economy in Africa, and create jobs and prosperity for all Ghanaians’, according to President Nano Akufo-Addo, who expects the plan will ‘stimulate private-sector growth to accelerate job creation, and provide the Ghanaian youth with a critical alternative to salaried employment’.

19 February 2019
Image: Alamy