The MTN Ghana Foundation has announced plans to support 150 persons with disabilities, women, and young entrepreneurs operating small-scale businesses across the Bono, Bono East, and Ahafo regions. This initiative is part of the Foundation's Economic Empowerment pillar, which aims to provide financial support to entrepreneurs with viable businesses that require additional capital to expand. The program seeks to help beneficiaries grow their businesses, create jobs, and improve their livelihoods.
The MTN Ghana Foundation is implementing this program in partnership with InnoHub, and selected beneficiaries will receive financial support ranging from GH¢20,000 to GH¢50,000, depending on their business needs. The program targets small-scale enterprises, including farming, shoemaking, and food vending. According to Manager of the MTN Ghana Foundation, Mr. Robert Kuodzo, the initiative recognizes the crucial role of small businesses in driving local economic development and providing employment opportunities, particularly for young people.
The project is being implemented over a five-year period, with previous phases covering different parts of the country. The first year focused on Accra, Takoradi, and Kumasi, while the second year covered Cape Coast. The third year targeted the Northern, Upper East, and Savannah regions. The current phase focuses on the Bono, Bono East, and Ahafo regions. Mr. Kuodzo encouraged beneficiaries to use the financial support responsibly and channel it into activities that would enable them to expand their businesses and generate sustainable income.
The MTN Ghana Foundation's initiative is not simply about providing financial assistance but also about helping beneficiaries build stronger businesses capable of supporting themselves, their families, and, in some cases, creating employment for others. The program aims to strengthen small-scale enterprises in the three regions while providing opportunities for women, young people, and persons with disabilities to expand their businesses and become more economically independent.
The initiative has the potential to make a significant impact on the lives of the beneficiaries and their communities. By providing financial support and empowering entrepreneurs, the MTN Ghana Foundation is contributing to the country's economic development and promoting inclusive growth. The program's focus on vulnerable groups, such as persons with disabilities and women, is also expected to have a positive impact on their socio-economic status.
The MTN Ghana Foundation has a track record of supporting initiatives aimed at improving livelihoods, empowering vulnerable groups, and promoting inclusive economic development across the country. This program is a testament to the Foundation's commitment to making a positive impact on the lives of Ghanaians. The Foundation's partnership with InnoHub also highlights the importance of collaboration in achieving sustainable development goals.
The program is expected to achieve several outcomes, including the growth of small-scale enterprises, job creation, and improved livelihoods for beneficiaries. The MTN Ghana Foundation's support for entrepreneurs in the Bono, Bono East, and Ahafo regions is also expected to contribute to the country's economic development and promote inclusive growth.
Key points
- The MTN Ghana Foundation is providing financial support to 150 persons with disabilities, women, and entrepreneurs in the Bono, Bono East, and Ahafo regions.
- The program aims to help beneficiaries grow their businesses, create jobs, and improve their livelihoods.
- The initiative is part of the Foundation's Economic Empowerment pillar, which seeks to provide financial support to entrepreneurs with viable businesses.
