|Approval Date||27 Apr 2014|
|Signature Date||26 Nov 2014|
|Planned Completion Date||31 Dec 2020|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||32130|
The Business Linkage Program (BLP) is a three-year training and mentorship initiative designed to assist small and medium enterprises to fast track their businesses from locally good to globally competitive. The project will mainly upgrade Ghanaian SMEs skills, governance and operations, enabling them to be effectively integrated into the value chains of multinational corporations as suppliers, and be eligible for financing from partnering banks such as UT Bank Ghana and Ecobank. It is expected that this program will increase economic activity and development of trade through increased demand for locally produced goods and services, translating into additional income and employment generation. It includes the five following components: (i) Developing the African Partner Pool (APP): this will be Ghana’s first online directory of independently validated local SMEs across major sectors ; (ii) Core Competency Training: Consisting of entrepreneurship training and SME business planning ; (iii) Business Diagnostics: a comprehensive diagnostic review will be conducted for each participating SME resulting in the development of an appropriate implementation plan for building improved SME businesses ; (iv) Management Skills Development: this will involve training and coaching of SMEs to develop identified gaps in management skills of participating SMEs ; (v) Building SME Production Capabilities: participating SMEs will be assisted to build their production capabilities to meet quality requirements of large companies.
The overall goal of this technical assistance program is to help local SMEs in Ghana access new markets and access finance, ultimately supporting inclusive private sector growth in Ghana. The specific objectives are as follows: (i) Capacity building of at least 120 SMEs as a process of enabling them to meet large company’s supplier criteria; participating bank requirements for finance; and also have potential to access export markets. (ii) creation of a minimum of 50 business linkages between large companies and SMEs. (iii) Elaboration of a framework for the sustainability of the business linkage program.
The BLP will directly benefit 120 Ghanaian SMEs which will receive business linkage support.
Fund for African Private Sector Assistance
Invest In Africa (Ghana)
|Last Update||05 Dec 2020|