FAPA supports inclusive private sector growth in Ghana
SMEs are the engine of Africa’s economy but quite a significant numbers of them are unable to sustain their operations. In Ghana, more than 85% of enterprises are SMEs and these SMEs contribute towards 70% of the country’s gross domestic product (ITC, 2016). Enabling Ghanaian SMEs to be globally competitive through skills development was a critical focus point of the Ghana Business Linkage program funded by FAPA.
This program also aimed at improving production technologies and linkages amongst businesses in Ghana. It was anticipated that at the end of the 3 year program (due on 31 December 2018), that about 120 Ghanaian SMEs would have benefitted from it.
The results of this program are quite encouraging as targeted metrics have gone beyond expectations.
Results achieved to date:
- Over 1,719 SMEs have registered on the the African Partner Pool (APP) Platform – a database of credible local suppliers.
- 267 Tenders valued at $706.2 million have been published on the African Partner Pool (APP)
- 104 SMEs have been trained
- 67 tenders have been won by SMEs
- 15 large companies are using the APP to source for goods and services.