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The Chief Executive Officer of the National Entrepreneurship and Innovation Programme-NEIP is admonishing stakeholders in the entrepreneurial ecosystem to dopt tactics that can create jobs for the youth of Ghana.
According to Mr. Kofi Ofosu Nkansah, Ghana’s population is growing and we are producing more graduates who will need jobs, it is therefore the duty of all stakeholders in the entrepreneurial ecosystem to make job creation the metric that will measure the efficiency of their programmes.
He said NEIP under his leadership, will soon meet all the actors in the entrepreneurial space to hold discussions geared towards job creation.
Mr. Ofosu Nkansah said this when he received a delegation from Delliote touche and programme specialists under the World Bank’s Ghana Economic Transformation Programme-GEPT
The Ministry Of finance-MOF as the lead Ministry of the world Bank’s project under the Ghana Economic Transformation Programme-GEPT through competitive bid has selected Delloitte Touche for the consulting services of developing a 5 year strategic plan for the National Entrepreneurship and Innovations Programme-NEIP
Today marked the inception meeting for the project.
The Government of Ghana with the support of the World Bank, have developed the proposed Ghana Economic Transformation Project (GETP).
The Project seeks 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), while also creating quality jobs and raising incomes.
The Project will be implemented jointly by the Ministry of Finance as the lead agency and other implementing agencies (Ministry of Trade and Industry (MoTI), National Entrepreneurship and Innovation programme National-NEIP, Ghana Enterprise Agency (GEA), Ghana Free Zones Authority (GFZA), Ghana Investment Promotion Centre (GIPC), Ghana Standards Authority (GSA), Venture Capital Trust Fund (VCTF) and the Registrar General Department (RGD).
The proposed project will be implemented through the Ministry of Finance. Based on preliminary assessment the following World Bank Environmental and Social Safeguards Policies are applicable to the implementation of the project.
The National Entrepreneurship and Innovation Programme-NEIP among other agencies have been selected for component three(3) under the Ghana Economic Transformation Programme-GETP. Accelerating Entrepreneurship and MSME growth, will support entrepreneurship and MSME growth in non-resource-based sectors, addressing specifically the limited development of the MSME and entrepreneurship support ecosystem, including early stage financing
This project has four components.
Component (1) – Enabling investments, will focus on improving the enabling business environment, investment attraction capacity and the quality infrastructure support system for companies that want to invest and grow their businesses in Ghana.
Component (2) – Crowding-in investments: Promoting spatial and industrial planning and development, will focus on enhancing the Government’s programs in investment promotion and spatial development (including Special Economic Zones), thereby addressing the constraint to access quality industrial land in the country.
Component (3) – Accelerating Entrepreneurship and MSME growth, will support entrepreneurship and MSME growth in non-resource-based sectors, addressing specifically the limited development of the MSME and entrepreneurship support ecosystem, including early stage financing.
Component (4) – Project Management and Evaluation, will finance project management activities including fiduciary responsibilities, procurement, communication and dissemination, as well as monitoring and evaluation of project implementation and its impact.
This will include capacity building for the Project Coordinating Unit (PCU), the Economic Transformation Unit and the Resource Mobilization and Economic Relations Division (RMERD) within the Ministry of Finance (MOF).
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