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Presidential Business Support 3rd Window:GH₵50m soft loan for 5,000 start-ups
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Five thousand business startups are to benefit from a soft loan facility totaling GH₵50million under the third window of the Presidential Business Support Programme (PBSP) which opens across the country today.
The beneficiaries would be selected from 26,000 entrepreneurs from all districts whose capacity would be built in marketing and business management as part of the programme.
Launched by President Nana Addo in 2017, the PBSP is aimed at assisting Ghanaian businesses with capacity building, money and funding for young entrepreneurs and start-ups.
At the launch of the new window in Accra yesterday, Minister of Business Development, Dr Ibrahim Mohammed Awal said 19,000 startups supported under the previous windows had created 90,000 jobs.
This, he said, was a testament of the need to support the youth to be job creators instead of job seekers since only two per cent of the nearly 250,000 young people who graduate get jobs in the formal sector.
“The rest must find jobs in the private sector hence the president’s commitment to entrepreneurship to train them, equip them, fund them and build capacity so that they can create jobs and employ more people,” he said.
According to Dr Awal, the country was largely a youthful population with three per cent of the young people below 30 years and that the government was determined to use the programme as a resource to enhance national development and create wealth for the people.
On his part, John Kumah, the Chief Executive Officer (CEO) of the National Entrepreneurship and Innovation Programme (NEIP), the agency coordinating the programme, said this year’s edition had been extended from 19,000 beneficiaries to 26,000 and GH₵40million to GH₵50 million to support more people.
He said 100 beneficiaries would be selected from each of 260 districts across the country and given loans ranging between GH₵5,000 and GH₵50, 000 with 10 per cent interest.
The interest, he said, was to sustain the pool of fund and support other people as well as incorporate the culture of loan repayments to enable them approach banks for loans in the future.
This year, he said, application had been decentralised and not done exclusively online, in response to concerns raised by prospective beneficiaries in the rural areas that internet access was an impediment.
He assured all prospective applicants of a fair and selection process as private consultants would be in charge of the selection after which the Monitoring and Evaluation department of the ministry would follow up.
“It is a very fair and transparent process. I urge all to apply through their district assemblies, every Ghanaian with a business idea is qualified,” he said.
On the recovery of loans, Mr Kumah, said it was about 70 per cent but the COVID-19 had slowed down recovery rate.
BY JONATHAN DONKOR
President John Dramani Mahama will be joining African heads of state, business leaders, investors and innovators shaping Africa’s next chapter, at the inaugural Alamein Africa Forum scheduled to take place from 2nd to 4th October 2026 in the historic city of Alamein on Egypt’s Mediterranean coast.
The three-day Alamein Africa Forum is established as a permanent African Business Forum to convene biennially in Egypt.
It is to become the continent’s premier gathering where political power meets entrepreneurial prowess, bridging the established engines of African growth with the new sectors defining its future.
Co-organised by the Government of Egypt, African Export – Import Bank (Afreximbank), the African Union and AUDA-NEPAD, it is expected to bring together more than twenty (20) heads of state and government representatives alongside business leaders, bankers and development institutions.
Ghana’s President, who on 23rd September 2026 declared Ghana is open for business in New York after ringing the ceremonial closing bell at the Nasdaq Stock Market will be leading the Ghanaian delegation, to include the Minister for Trade, Agribusiness, and Industry, Elizabeth Ofosu – Adjare, to the forum.
Other members of the Ghanaian delegation are the Head and Presidential Advisor for Ghana’s 24-Hour Economy and Accelerated Export Development Programme, Hon. Augustus Goosie Tanoh, Ghana’s Special Envoy to the Alliance of Sahel States, Colonel Larry Gbevlo – Lartey alongside key Ghanaian private sector players.
Bringing together leaders in politics, business and policy from across the continent, the Alamein Africa Forum will provide a unique opportunity to shape Africa’s growth agenda by aligning policy and investment priorities, mobilising partnerships for implementation and strengthening financing and investment pathways.
The private sector must become an integral part of Agenda 2063, the African Union’s strategic fifty-year masterplan to transform the continent. The private sector is the core economic engine required to turn the African 2063 from an aspirational government roadmap into realized infrastructure, jobs, and value-added trade.
By Chris KONEY
News
Contractors move to site to begin construction of 120-Bed Trauma Hospital at Bole – Felix Kwakye Ofosu
Minister for Government Communications, Felix Kwakye Ofosu, has revealed that contractors have moved to site to begin construction of a 120-bed Specialised Trauma and Emergency Hospital at Bole in the Savannah Region.
According to the Minister, the 16,000 square metre facility will be equipped with modern medical infrastructure to provide emergency and trauma care.
The hospital will have a 24-hour Accident and Emergency Unit, trauma resuscitation bays, emergency operating theatres, an Intensive Care Unit (ICU) and a High Dependency Unit (HDU).
It will also include specialised trauma wards, a burns treatment unit, orthopaedic and surgical units, as well as imaging and diagnostic facilities, among others.
By Edem Mensah-Tsotorme
