{"id":680855,"date":"2019-08-14T11:46:02","date_gmt":"2019-08-14T11:46:02","guid":{"rendered":"<br><div>\n<p class=\"floatLeft\">Business News of Wednesday, 14 August 2019<\/p>\n<p class=\"floatRight\"><strong>Source: <\/strong>citibusinessnews.com<\/p>\n2019-08-14\n\n<div class=\"article-left\">\n<p class=\"article-image\"><img src=\"https:\/\/ghana-mma.com\/wp-co"},"modified":"2019-08-14T11:46:02","modified_gmt":"2019-08-14T11:46:02","slug":"close-to-gh%c2%a2100-million-spent-on-capacity-building-business-development-minister","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/08\/14\/close-to-gh%c2%a2100-million-spent-on-capacity-building-business-development-minister\/","title":{"rendered":"Close to GH\u00a2100 million spent on capacity building \u2013 Business Development Minister"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"floatLeft\">Business News of Wednesday, 14 August 2019<\/p>\n<p class=\"floatRight\"><strong>Source: <\/strong>citibusinessnews.com<\/p>\n<p>2019-08-14<\/p>\n<div class=\"article-left\">\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2019\/08\/93422958.295.jpg\" alt=\"Ibrahim Mohammed Awal9\" title=\"Ibrahim Mohammed Awal9\" width=\"295\" height=\"184\" \/><span class=\"image_caption\"><span>Minister for Business Development, Mohammed Ibrahim Awal<\/span><\/span><\/p>\n<\/div>\n<p style=\"clear:right\">The Minister for Business Development, Mohammed Ibrahim Awal has revealed that his ministry has so far spent about GHC 100 Million as part of its many initiatives to build capacity of entrepreneurs across the country.<\/p>\n<p>The Ministry has for the past two years implemented a number of initiatives including the Presidential Business Support, Green Business development, Capacity building for women and disabled entrepreneurs among others.<\/p>\n<p>Addressing the media while taking his turn at the Meet the Press Series, Mr. Awal said government is ready to spend more money to build the capacity of young entrepreneurs in order to give them a competitive advantage in the Era of the Africa Continental Free Trade Agreement.<\/p>\n<p>\u201cThe monies spent so far, that is the GH\u00a2100 Million, were used for capacity building and for funding. And we will be spending more to make sure our young people compete.\u201d<\/p>\n<p>The Minister went on to note that apart from monitoring to ensure effective development of the businesses under its initiatives, they were also making strides in retrieving the amounts given out as funds to young entrepreneurs, thereby ensuring that government\u2019s investments are not lost.<\/p>\n<p>\u201cWe\u2019ve so far had 70 % recovery for the loans we\u2019ve given out, that is for last years beneficiaries. Our target however is 90 %. We\u2019re going to continue using internal and external monitoring and evaluation resources to ensure that we are doing the right thing.\u201d<\/p>\n<p><b>Entrepreneurs Trained So Far<\/b><\/p>\n<p>The Minister for Business Development, Mohammed Ibrahim Awal told the gathering at the Meet the Press that so far they have managed train, 19,000 young entrepreneurs. Out of that number, 7 thousand were trained in 2018, while 12 thousand have so far been trained in 2019. Out of the trained number for 2018, 1,350 entrepreneurs have received funding from between GHC 10,000 to GH\u00a2100,000.<\/p>\n<p>The Ministry says it plans to increase its support to 3 thousand entrepreneurs for 2019 with funding at a rate of 10 percent.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Business News of Wednesday, 14 August 2019 Source: citibusinessnews.com 2019-08-14 Minister for Business Development, Mohammed Ibrahim Awal The Minister for Business Development, Mohammed Ibrahim Awal has revealed that his ministry has so far spent about GHC 100 Million as part of its many initiatives to build capacity of entrepreneurs across the country. The Ministry has [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":679960,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-680855","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Close to GH\u00a2100 million spent on capacity building \u2013 Business Development Minister - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/08\/14\/close-to-gh\u00a2100-million-spent-on-capacity-building-business-development-minister\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Close to GH\u00a2100 million spent on capacity building \u2013 Business Development Minister - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Business News of Wednesday, 14 August 2019 Source: citibusinessnews.com 2019-08-14 Minister for Business Development, Mohammed Ibrahim Awal The Minister for Business Development, Mohammed Ibrahim Awal has revealed that his ministry has so far spent about GHC 100 Million as part of its many initiatives to build capacity of entrepreneurs across the country. 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