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Africa Development Bank to
support small-scale enterprises
Agona Swedru, March 21, GNA- The Africa Development Bank (ADB)
in collaboration with the Government of Ghana will give
credit to operators of small-scale and medium-scale
enterprises in the Agona Swedru District towards poverty
reduction in the area.
The project expected to take off in May this year, will be
executed under the Urban Poverty Reduction Project and would
compliment government's efforts at reducing poverty in urban
communities.
It was also aimed at achieving the Millennium Development
Goals to promote good governance and human resource
development.
Dr Yero Baldeh, a Socio-Economist of the ADB in Ghana,
announced these at a meeting with the Agona District Chief
Executive, Mr Ben Mensah, heads of decentralised
departments, non-governmental organisations, operators of
businesses, at Agona Swedru.
He said committees have been formed to supervise, monitor
and evaluate the project scheduled.
Yashreg Dejene, Gender expert of the ADB praised the
Ghanaian media for effectively informing the people about
the Urban Poverty Reduction Project, which formed part of
the Social Investment Fund Programme.
Mr Isaac Tettey, Agona District Planning Officer, said the
project would revolve around capacity building for poor
people, revenue generation of women undertaking economic
ventures and effectiveness of revenue collection machinery.
He said social capital investment support and socio-economic
infrastructure to improve the standards of living of people
in urban communities would also be provided.
Mr Tettey said under the programme, people below the extreme
poverty line would receive social inclusion transfer money
to serve as grant.
He said the operators of small-scale enterprises would also
be given financial assistance for job creation through
partnership with the ADB.
Mr Tettey said about 4000 households in 12 district capitals
selected nation wide to serve as pilots would also benefit
from the assistance.
GNA
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