THE GOVERNMENT of Ghana is set to roll out a major economic initiative aimed at establishing over 600 new businesses by the end of President John Dramani Mahama’s current term, according to Chief of Staff Julius Debrah.
This ambitious drive forms a central theme of the upcoming Kwahu Business Forum, slated for Saturday, April 19, 2025. The event is positioned as a strategic platform to deepen engagement between financial institutions and private sector players, with the goal of unlocking investment opportunities and accelerating business growth nationwide.
Speaking ahead of the forum, Chief of Staff Debrah emphasized the broader economic impact of the initiative, highlighting its potential to inject fresh capital into local economies, create sustainable jobs and boost government revenue through increased tax contributions.
“A lot of funds are going to come into the economy,” Debrah said. “Once a business starts, it stimulates the local economy, people get employed, earn income, pay taxes, and support other businesses. This is how we grow the economy.”
The forum will see each participating bank commit to funding at least five bankable projects in 2025, with plans to continue this support annually. This collaborative approach is expected to yield more than 600 new enterprises by 2028, reinforcing the government’s commitment to private sector-led growth.
“He (President Mahama) wants to grow businesses,” Debrah noted. “He wants to be remembered for creating a movement – one that brought businesspeople together, challenged financial institutions to support them and left a legacy of real economic development.”
Debrah also revealed that the forum will serve as an accountability mechanism, with supported entrepreneurs returning in subsequent years to share their success stories. “We expect the banks to help five businesses each this year. By next year, when we return to Kwahu, those beneficiaries will be invited back to testify.”
With this bold vision, the government hopes to lay a strong foundation for inclusive and sustainable development, driven by innovation entrepreneurship, and strategic financial support.
Source: Nationaltyme.com
