March 18

USAID launches $4.2 Million Investment scheme to Support 5 local Companies in Ghana

The U.S Ambassador to Ghana, Stephanie S. Sullivan, has announced a new co-investment scheme by the U.S. Agency for International Development (USAID) totalling $4.2 million to support five companies operating in the country.

The five companies under the scheme would be presented with grants to help them expand their businesses and employ more people.

The  beneficiary companies are AMAATI Company Ltd, receiving a grant of $742,000, DTRT Apparel, $760,000 FreezeLink, $767,000 Maphlix Trust, $970,000 and Nuts 4 Growth, $980,000.

Ambassador Sullivan made the announcement during the U.S. Embassy’s Providing Opportunity for Women’s Economic Rise (POWER) programme for women entrepreneurs from Ghana and the North American diaspora.“These projects, leveraged with private sector funds, will help these companies scale up operations, develop export opportunities, and create jobs,” she said.

Photo courtesy of John O’Bryan.

Source: BusinessGhana (link opens in a new window)

business development, global development