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Business fund supports 695 enterprises
Posted on: 07-Jun-2013         Source: Daily Graphic
Six hunderd and ninety five private enterprises throughout the country have been supported by the Business Sector Advocacy Challenge (BUSAC) Fund with GH¢29,077,234.97 in grants from 2004 to December 2012, under its phase one and two programmes.

The grants were channelled into natural resources, tourism, transport and the manufacturing sectors of the economy.

The rest are general business, services, trade and agriculture.

Addressing the opening session of a three-day meeting for public officials in the Central Region, the Capacity Building and Training Specialist of the BUSAC Fund, Mr Kofi Asante-Frimpong, stressed the need to encourage the private sector to enhance its capacity to provide employment .

Mr Asante-Frimpong reminded public sector officials of their roles to make advocacy actions successful and to ensure that businesses flourished to boost the economy.

He asked them to listen to the business associations and give appropriate responses that would help them to overcome their challenges.

In an address read on his behalf, the Chief Director of the Central Regional Coordinating Council, Mr Kwame Oppong, also stressed the need to address the obstacles to the growth of the private sector.

Mr. Oppong said since the private sector in the region was weak, it needed serious attention to enhance its operations and growth and pledged the support of the RCC to initiatives, as well as interventions, for their sustenance.

The Central Regional Chairman of the National Board for Small-Scale Industries, who chaired the function, exhorted entrepreneurs to adhere to time to maintain the confidence of their clients.

In a response to a question, Mr. Asante-Frimpong said BUSAC was currently supporting advocacy by the Chamber of Mines for the recognition and training of small-scale miners to enhance their operations.

A participant, Mr Emmanuel Baisie, the Co-ordinating Director of Ekumfi District Assembly, called on BUSAC to extend the workshop to the districts promoting local economic growth and development.