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Government urged to create a supportive environment for local businesses
Mr Jeroen Verheul
The Ambassador of the Kingdom of the Netherlands in Ghana, Mr Jeroen Verheul has tasked government to create a supportive environment for local businesses to thrive.
Speaking at the official closing ceremony of the SNV GrEEn Project in Accra, the diplomat said the reduction of inflation and interest rate must be tackled by the government to achieve this goal.
The SNV GrEEn Project is a four-year action plan implemented in the Ashanti and Western regions under the anchor of the Ministry of Local Government, Decentralisation and Rural Development.
The project was funded by the European Union in Ghana and the Embassy of the Kingdom of Netherlands.
Juxtaposing the results of the GrEEn Project, Mr Jeroen Verheul cited that such achievement “is a drop in the ocean” because Ghana would need 500, 000 jobs annually to help the population overcome the high rate of unemployment.
“We need 500, 000 jobs per year and SNV has produced 6, 000 jobs over four years, however we need to scale up through the support of the environment which is a key element for entrepreneurs to flourish,” he stated.
SNV Netherlands Development Organisation is a not-for-profit international development organisation creating a lasting difference in the lives of people living in poverty by helping them raise incomes and access basic services.
Since its commissioning in 2019, the Project aimed to enhance employability and entrepreneurship opportunities within Ghana’s green economy, contributing to the development of a climate-resilient local economy.
The primary objective of the Project was to address the root causes of irregular migration amongst Ghanaians, by promoting green and climate-resilient local economic development.
This initiative provided affordable financing aid to SMEs and micro businesses, especially in the sustainable and circular economy sector.
The Chief Executive Officer of Asaasepa Naturals, Mrs Matilda Stemn, noted that the project has aided her set up a factory and purchase some equipment to upscale her business.
However, Mrs Stemn, also a beneficiary of the Project, mentioned that accessing loans was a challenge for SMEs on increasing productivity despite the fact that they have the raw materials and machineries at their disposal.
Present at the ceremony were the Country Director of SNV Ghana, Mrs Barbara Nkoala amongst other dignitaries.
SNV specialises in three sectors: agri-food, energy and water systems and is present in over 25 countries.
By Yunusah Essandoh
The Chairperson of the Public Accounts Committee (PAC) Abena Osei Asare has expressed concerns about the failure of the Administrator of the Ghana Education Trust Fund (GETFund) Mr. Paul Adjei to honour invitation of the Committee to assist in dealing with abandoned projects cited in the 2024 Auditor-General’s report.
She emphasised that some of the projects have been abandoned for more than 20 years and it kept reoccurring in the Auditor-General’s report yearly, stressing that the GETFund Administrator could assist by prioritising these projects.
However, he has failed to personally appear before the Committee since the commencement of the Committee’s public hearing in the 9th Parliament.
According to the 2024 Auditor-General’s report on Pre-University Educational Institutions, nine (9) Institutions with 16 projects awarded by the GET Fund Secretariat had been abandoned/delayed for a period ranging between three (3) and 28 years.
Some of the affected schools include Adanwomoase Senior High School (Boys and Girls dormitory abandoned for 12 years), Atoa Senior High School (Home Economics Block abandoned for 27 years), Beposo Senior High School (Dinning Hall and Kitchen Complex abandoned for 10 years and lastly KNUST Senior High School (Three storey classroom block abandoned for 20 years).
The Parliamentary Select Committee on Energy continued its oversight responsibilities with a working visit to the National Petroleum Authority (NPA) yesterday.
Chairman of the Committee, Emmanuel Kwasi Bedzrah, said the visit formed part of efforts to familiarize members with the Authority’s operations and to explore ways Parliament could provide the necessary support.
He explained that the NPA’s work is focused on regulating Ghana’s downstream petroleum sector, a critical area for national energy security.
Mr. Bedzrah noted that the Committee is particularly interested in assessing whether the country has adequate petroleum stock to meet demand.
He noted that rising geopolitical tensions, including the ongoing US–Iran conflict, could have adverse effect on Ghana’s energy supply and pricing.
He further disclosed that the Committee intends to engage closely with the Authority on a proposed new petroleum bill.
According to him, a draft of the legislation will be reviewed and possibly presented to Parliament under a certificate of urgency.
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