Audio By Carbonatix
The Local Enterprises and Skills Development Programme hopes to recover all money invested in businesses of its beneficiaries.
LESDEP was introduced by President Mills’ government as part of initiatives to reduce unemployment.
Seven thousand people in seven regions of the country have so far received training in various trades and given tools to set up their businesses.
National Coordinator, Adem Gariba says LESDEP is determined to change the culture of low loan recovery associated with government social intervention programmes.
Beneficiaries have at least two years to repay the cost of equipments supplied under LESDEP.
About 10 thousand skilled Ghanaians who are unable to afford the cost of start-up tools are expected to benefit from 25 modules of LESDEP.
Beneficiaries have a minimum of two years to pay for the equipment such as trucks, beauty care sets, sewing machines and ovens.
Sekyere East and Kumawu Afram Plains Districts are the first in the Ashanti Region to benefit, with 94 trainees with 200 more expected to graduate in June.
There are concerns about government agencies unable to retrieve public funds advanced to promote micro businesses.
The Micro and Small Loans Centre currently has 81 million Ghana cedis to collect from its beneficiaries.
Speaking at a graduation ceremony at Kumawu, Mr. Gariba touted LESDEP’s success and said its regime is different from the others.
“We will provide business management and entrepreneurialship skills for beneficiaries so that once you go out; you are going to run it along the line and principles of purely business”, he explained.
According to Mr. Gariba, more emphasis is being placed on monitoring to ensure money invested do not go waste.
“To be able to reduce the rate at which people will default, we want to support them so that they succeed.
“We are targeting 100 per cent but at worse, not less than 90 minutes,” he emphasized.
Finance Minister, Dr. Kwabena Duffuor, says government has allocated 84 million Ghana cedis for LESDEP’s activities.
He says this is in fulfillment of President Mills’ dream of creating employment for all Ghanaians.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
UG Corporate Football League: Match Week 8 recap, Group A
12 minutes -
Anlo MP raises concerns over $150m coastal project spending on workshops and consultancy
15 minutes -
Accra U17 scouting session set for April 23
15 minutes -
‘Fix things or we won’t win’ – Kuffour warns over Black Stars struggles
23 minutes -
Anlo residents reject relief items, demand permanent solution to coastal erosion crisis – MP
32 minutes -
National Security operatives allegedly assault retired police officer in Ashanti region
35 minutes -
Auditor-General retracts error that linked Frank Oliver Kpodo to GH¢427m payroll scandal
56 minutes -
Roger De Sa agrees deal to join Carlos Queiroz as Black Stars assistant coach
1 hour -
Total revenue falls marginally in 2025; total expenditure also declined by 13% – BoG
1 hour -
MP for Dome-Kwabenya Akurugu supports BECE Candidates with Maths sets
1 hour -
Ghana’s domestic debt increased by GH¢24bn to GH¢333.8bn in December 2025
1 hour -
New Asawase Kusasi Chief urges youth to choose peace after predecessor’s killing
1 hour -
Over 50 Volta communities could be submerged by July if erosion crisis persists – Anlo MP warns
1 hour -
‘Prioritize prudent stores and inventory practices for value-based procurement’
2 hours -
When truth moves faster than trust: Journalism in the age of instant information
2 hours