The Ghana Economic Transformation Project (GETP) of the World Bank has met with the management of the National Entrepreneurship Innovation Programme (NEIP) to help strengthen the entrepreneurial ecosystem and support for entrepreneurs.

The proposed project was developed by the Government of Ghana with the support of the World Bank.

The project seeks to promote and strengthen a growth model that is conducive to economic transformation to achieve higher rates of investment and productivity growth across the economy while creating quality jobs and rising incomes. 

The project will focus on improving the enabling business environment, investment attraction capacity and the quality infrastructural support system for companies that want to invest and grow their businesses in Ghana. 

It also seeks to promote spatial and industrial planning and development by focusing on enhancing the Government’s investment promotion while addressing the constraint to access quality industrial land in the country. 

Additionally, there will be support for entrepreneurship and MSME growth in non-resource-based sectors, addressing specifically the limited development of the MSME and entrepreneurship support ecosystem, including early-stage financing. 

The initiative will delve into project management and evaluation of financial management activities such as fiduciary responsibilities, procurement, communication and dissemination, as well as monitoring and evaluation of project implementation and its impact. 

This will be implemented through the Ministry of Finance as the lead agency and other implementing agencies like (Ministry of Trade and Industry (MoTI), National Entrepreneurship and Innovation programme National-NEIP, Ghana Enterprise Agency (GEA), Ghana Free Zones Authority (GFZA), Ghana Investment Promotion Centre (GIPC), Ghana Standards Authority (GSA), Venture Capital Trust Fund (VCTF) and the Registrar General Department (RGD) based on preliminary assessment.

The Government of Ghana has urged all entrepreneurs to take advantage of the project so as to elevate their businesses.