Donors support Ghana's private sector


  1. Francis Ameyibor, Africanews reporter in Accra, Ghana
    Donors have renewed their commitment to help the private sector grow in order to play its role effectively as a partner in Ghana's economy, the Danish Minister for Development Assistance, Ulla Tornaes said on Wednesday.
    Ghana, Merchants in Accra. Photo: Pim de Wit
    She was speaking at a photo exhibition mounted by five Business Sector Advocacy Challenge (BUSAC) Fund beneficiaries in Accra. The fund helps small scale businesses to boost their production in Ghana. She said the fund would fold up by 2009. The second phase of the project would, however, run for another five years so that many more people would benefit.

    The occasion was also to afford the donors - US Agency for International Development (USAID), Danish International Development Agency (DANIDA) and British Department for International Development (DFID) - to ascertain beneficiaries’ achievements and challenges in their day-to-day operation.

    The beneficiaries include the Sunyani Market Association that engages in variety of trading activities, Ghana Agricultural Input Dealers Association, which provides support to farmers in Ashanti Region and Sunbariwa Shea Butter Producers Association from the Upper West, which is engaged in the processing of sheanuts.

    Others are Spinnet Textiles and Garments Cluster in the Greater Accra region, Akpokpe Kente Weavers Association and Suame Magazine Industrial Development Organization (SMIDO) from the Ashanti region.

    Tornaes noted that there was room for further deepening of cooperation between development partners.

    Commendation

    The Director of US Foreign Assistance and Administrator for USAID, Henrietta Fore, applauded Ghana's advocates who had worked at the local, regional and national levels for legal and regulatory changes in improving the business environment in Ghana.

    She noted that creating an environment for re-enforcing a competitive vibrant business community was essential to building a robust economy.

    The Grants Manger for BUSAC Fund, Laurencia Tettey, said Ghana's private sector faced a number of challenges, which limited the potential of businesses to contribute effectively to economic growth.

    These include access to productive resources, systems and procedures for sustaining business profitability. She said that this led to the establishment of BUSAC. She asserted BUSAC had embarked on advocacy activities that would influence public policies and create dialogue.

    Beneficiaries

    Tettey said the BUSAC Fund had provided grants for over 300 advocacy actions by different associations especially those in the agricultural and the manufacturing sector, and service providers.

    Jane Mensah, Secretary, Sunyani Market Women Association, noted that advocacy action offered by BUSAC had enabled its members to pay their taxes promptly. According to her members who kept evading tax collectors were able to dialogue and pay them according to their profit margin.

    Felicia Akowuah of the Ghana Agricultural Input Dealers’ Association said her association had been able to sensitize farmers on the adulteration of chemicals on the market.



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