PRIVATE ENTERPRISES FEDERATION LAUNCHES DISTRICT BUSINESS COUNCIL CONCEPTS

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 Government has again disbursed start-up capital ranging from 10 thousand to 100 thousand Ghana Cedis to a total of one thousand, 350 Ghanaian businesses. The beneficiaries were chosen from seven thousand applicants through the private incubation hubs across the country. 

The Chief Executive of the National Entrepreneurship and Innovation Plan, NEIP, John Kumah, made this known at Asante Mampong at the launch of the District Business Council concept. At the launch was also the outdooring of the Councilors for Asante Mampong and Ejura in the Ashanti region as well as Techiman in the Brong Ahafo region. 

The District Business Council is an initiative of the Private Enterprises Federation to among other objectives, lobby for reforms on socio-economic issues within the respective administrative localities and provide linkages for communication and information sharing and advocacy among trade and business associations as well as individuals businesses. 

Mr. Kumah expressed confidence in the private sector to partner government in its jobs creation agenda towards improvement of the socio-economic circumstances. He assured also that government is creating the required conducive environment through the formulation of policies for the private sector to grow. 

The Mampong Municipal Chief Executive, Thomas Appiah Kubi, disclosed that the Assembly has budgeted an amount of more than 350 thousand Ghana Cedis to support 650 youth in the municipality in apprenticeship training. This is aimed at equipping the beneficiaries with employable skills to be economically independent and productive. 

The Chief Executive Officer of the Private Enterprises Foundation, Nana Osei Bonsu, explained that the District Business Council concept seeks also to build the economic capacity of rural dwellers to take advantage of the many economic opportunities at their disposal to create wealth so as to curb the rural-urban migration phenomenon. He noted that so far, since the piloting of the concept, about 500 small scale businesses at Asante Mampong and 300 in Techiman have shown interest in working with the Councils to grow.

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