1,000 Disabled Male Entrepreneurs receive GH¢2M Funding Support

One thousand (1,000) Disabled Male Entrepreneurs in the country have received funding support worth GH¢2 million from the Akufo-Addo led government.

The support under the Presidential Empowerment for Male Entrepreneurs with Disability (PEMED) initiative is expected to cushion the men in their various fields of specialization and improve their economic standard in the face of the Covid-19 pandemic.

“Fifty percent (50%) percent of the financial support offered were in the form of grants, whilst the other fifty percent (50%) were interest-free loans payable over a two year period.

The initiative which is the second held by the Akufo-Addo government is under the auspices of the Special Development Initiative.

Disabled Male Entrepreneurs receive GH¢2M Funding Support. Image / The Presidency

850 disabled Women Entrepreneurs received funding support last year

Last year, a similar project, Presidential Empowerment for Women Entrepreneurs with Disability (PEWED) saw some eight hundred and fifty (850) out of One thousand (1,000) disabled women entrepreneurs received financial support and training to build up their capacity, and enhance their competitiveness.

150 others would be presented with their package in two weeks’ time.

Image / The Presidency

My Government is committed to empowering Ghanaians

Launching the programme, yesterday, President Nana Addo Dankwa Akufo-Addo said the initiative demonstrate government’s commitment to financially empower persons with disability and help mainstream them into national economic activity.

According to him, all government policies and programmes introduced since it took over office were aimed at enhancing the productive capacity of Ghanaians and to enable them to contribute their quota to the socio-economic transformation of the country.

“You, the beneficiaries, have already undergone training in areas such as financial management, business management, risks, marketing, and operations. It is expected that you will be guided by the structured training you have undergone, to enable you scale-up your businesses, and create job opportunities for people,” he said.

The president noted that the Ministry of Business Development, through the National Entrepreneurship and Innovation Plan, will continue to provide mentorship, training, and monitoring, to ensure the successful execution of the businesses of the beneficiaries.