Business

NEIP gives GH¢50,000 to beneficiary to reinvest after completing repayment of loan

October 9, 2020 By 0 Comments

The Chief Executive Officer (CEO) of the National Entrepreneurship and Innovation Programme (NEIP), Lawyer John Ampontuah Kumah, has made a presentation of GH¢50,000 to Madam Akua Asaah Opare-Asare, CEO of Adinkra Trend, after she successfully repaid a NEIP loan support of GH¢10, 000 she received from the Presidential Business Support Programme, from His Excellency Nana Addo Dankwa Akufo-Addo.
Flanked by the Director of Operations of NEIP, Mr. Jonas Kofi Arhin, Lawyer Kumah made this presentation on Wednesday 7th October, 2020 at the NEIP office at Cantonments, Accra.
The presentation, made on behalf of Nana Addo Dankwa Akufo-Addo, was in fulfilment of the NEIP’s pledge to ensure that the government’s relentless commitment to support businesses in the country would always be paramount in its agenda to boost entrepreneurship and innovation, leading to the creation of jobs.
“Miss Opare-Asare is one of our 1,350 beneficiaries supported through the Presidential Business Support Programme of the NEIP in 2018. Having fulfilled her commitment of paying back fully her GH¢10,000 plus 10% interest given her in our initial support, she qualified for additional funding to scale up her business.
“Recently, she was awarded a contract to partner the Ghana Prisons Service to produce more boots and shoes. This was as a result of the training of prisoners through the reformation and rehabilitation of prisoners, as captured in the NRCD Regulation of 1972.
“She has, through this initiative, with the support of the programme, produced quality boots and shoes locally, and equipped the inmates with the necessary skills to help them integrate better into society after their time in prison.”
Making this presentation, the CEO of NEIP reiterated the President Akufo-Addo-led administration’s pledge to prioritise entrepreneurship, innovation and more employment opportunities for the youth of this country.
He acknowledged the request for additional funding was necessary as result of her organisation fulfilling the pledge of their contract with the NEIP, and trust that she will be able to pay back so as to enable the office continue its support for Ghanaian businesses.



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