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Jun 1, 2012

$184m for Phase 3 of REP

Mr. Kwasi Atta-Antwi, the National Programme Director of the Rural Enterprises Programme (REP), has announced that a $184 million to be committed in implementing the third phase of REP, with the objective of improving the livelihood and income of the rural folks, micro and small entrepreneurs, starting from this year to 2020.

He said the main purpose of the workshop is to educate the participants on the new REP and also enable them share and exchange ideas on its interventions.

Mr. Atta-Antwi disclosed this in Sunyani, giving the overview of the REP at a zonal startup/sensitization, explaining that over the years, the REP has advanced an effective model for rural MSE promotion, based on three building blocks.

He said the Government of Ghana (GoG) has contributed $83.5 million, with the African Development Bank (AfDB), also contributing $70 million, whilst International Fund for the Agricultural Development (IFAD), has provided $31 million to finance the programme, which is now being sealed up to cover the entire country.

Additionally he said the new REP, will also increase the number of rural micro and small enterprises (MSEs), that generate profit, growth and employment opportunities in the participating Municipalities and Districts.

Furthermore, the programme is expected to benefit 200,000 clients, including at least 100,000 women, whilst facilitating the establishment of 36,000 new businesses and strengthening 70,000 businesses that will generate 100,000 jobs.

The three building blocks are access to business development services, technology transfer, technical skills training and demonstrations, and MSEs’ access to rural finance.

In attendance were Municipal/Districts Chief Executives (MDCEs) and their Co-ordinating Directors, Managers of Business Advisory Centres (BACs) and other key stakeholders of the programme from the Brong Ahafo, Ashanti and Western regions.

Source: ISD