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Presidential Business Support 3rd Window:GH₵50m soft loan for 5,000 start-ups
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
FOR patrons at a special thanksgiving concert held in honour of parishioners, benefactors and friends at the St. Monica Catholic Rectory at Fan Milk, Accra, Rev. Fr Bonaventure Kweku Quaidoo will continue to be seen as a man of many parts.
Usually seen dressed resplendently in his cassock, Rev. Fr. Bonaventure is known by the faithful as a preacher of the word despite his background in music.
But on this auspicious occasion, the Rector, Rev. Fr Bonaventure Kweku Quaidoo, assumed the role of a conductor of the Central Ceremonial Band of the Ghana Police Service.
In front of the band wielding the conductor’s baton, Rev. Fr Bonaventure conducted the band as they gave a rendition of some of the spiritual hymns of the faithful, thrilling the audience in the event under the theme “An Evening of the Performing Arts in Thanksgiving to Beloved Parishioners, Benefactors and Friends.”
It was attended by the clergy, parishioners and invited guests for an evening that blended sacred reflection with artistic performance.
The Chaplain-General of the Ghana Police Service, DCOP Very Rev. Fr George Arthur, opened the programme with prayer, while the closing benediction was given by Very Rev. Fr. Isaac Ebo Blay, National Director of the Pontifical Mission Society.
A highlight of the evening was a classical performance by Dr Kyoung Ok Kim of the University of Ghana’s School of Performing Arts, who reinterpreted Ghanaian melodies to the delight of the audience.
Ordained in 1990, Rev. Fr Quaidoo is a trained musician and former member of the National Symphony Orchestra. Over the past 35 years, he has served in the dioceses of Tamale, Damongo and Accra, integrating music into his pastoral ministry.
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THE 41st Farmers’ Day was held last Friday in the Volta Region, honouring outstanding farmers that contributed immensely in the sustenance of the country’s food basket.
This year’s celebration was themed “Feed Ghana, Eat Ghana, Secure the Future”, reflecting the government’s emphasis on strengthening food systems, promoting local consumption, and building long-term resilience in the agricultural sector.
It was attended by the President, John Dramani Mahama, Minister of Agriculture, Mr Ernest Opoku, Regional Ministers and Paramount Chief of Asogli State, Togbe Afede XIV.
The week-long observance began on December 1, at the Ho Sports Stadium with the official opening of the 2025 National Agricultural Fair.
An 82 year-old farmer, Mr Opanin Abraham Kwaku Adusei from Kwawu Odumase in the Afram Plains District of the Eastern Region, was adjudged the 2025 National Best Farmer.
President Mahama commended the farmers for their dedication and pivotal role in advancing the country’s agricultural sector.
The Minister of Agriculture, Mr Eric Opoku, also attributed the current food glut to innovation and resilience of farmers.
Established in 1985, Farmers’ Day has grown into one of Ghana’s most significant national events—celebrating the enduring contributions of farmers and fishers to the nation’s development and economic stability.
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