Ghanaian businesses receive grants from the Private Sector Competitiveness Programme

Ten local enterprises have secured a total of GHC 12 million in grants under the Ghana Private Sector Competitiveness Programme (GPSCP) Phase II, a Swiss Ghanaian bilateral initiative to strengthen private sector development through strategic partnerships.

GPSCP Phase II will use three strategies to achieve its goals, one of which is the Development Partnership with the Private Sector. This modality provides grants to private entities, aiming to enhance processing, market connections, service delivery, industry associations, and skills development within the cashew and oil palm chains.

The 10 businesses received grants ranging from Ghc 300,000 to Ghc 3 million to boost their production levels. 

Some of the grantees shared their expectations.

“With this grant, we can expand and explore more innovative solutions to enhance efficiency. We will be able to bring in more equipment in our processing and reinvest our margins into creating more employment”; said Nii Smith, CEO of Agroking Ltd.

“We're currently processing two tons a day, and with this support, we'll surge to five tons. The grant will help improve efficiency and employ more people;” Portia Kumah, CEO N. H. Natural Foods Suppliers Ltd explained.

“The grant will help acquire additional equipment which will boost our production up to 30%”; Priscilla Asante, CEO Rosswood Company Limited.

The Swiss Ambassador emphasised the private sector's pivotal role in Ghana's economic transformation, urging grantees to maximise their funding opportunity.

“We expect the ten selected grantees, including six women-led enterprises, to deliver positive outcomes and foster a more competitive agribusiness environment in Ghana”: said HE Simone Giger Swiss Ambassador to Ghana.

The five-year programme is jointly implemented by Niras and Proforest Africa with support from the Swiss Government.