Samaritan Angels, an entrepreneurship-focused social enterprise, has launched a GH¢ 10 million initiative dubbed “I AM INVESTIBLE” to support Small and Growing Businesses (SGBs) in Ghana.
The company aims to accelerate the growth of businesses and create jobs by providing access to funding, business advisory services and technical support. Beneficiaries will have access to up to GHS 50,000. A projected 200 enterprises will share in the GHS 10 million (GHS 3 million/year) grant, while 2,000 others will receive mentorship and technical support over the next three years.
Addressing the launch of the project, a Board Member of the Samaritan Angels, Nana Yaw Amponsah, said the project will empower small and growing businesses to contribute to the economic development of Ghana by creating jobs. He added that the board had set the target for beneficiaries to employ at least one individual in their enterprises after receiving the support.
Interested businesses can apply by submitting a 250-word pitch or video and pay a processing fee of GHS 150. A panel of experts comprising Dentaa Amoateng MBE (GUBA); Angelina Diyuoh Minski (IAI); Ekow Mensah (EMI Group Africa); and Tonyi Senayah (HORSEMAN) will assess the credibility and entrepreneurial skills of each applicant and successful participants will receive funding.
Source: Business Ghana
