The Chief of Staff, Mr. Julius Debrah, has made it clear that every bank taking part in the recently launched government-backed program, known as the “Kwahu Business Forum,” is anticipated to assist at least five new, profitable businesses this year, with intentions to continue doing so every year.
According to him, this strategy is expected to support President Mahama’s goal of establishing a strong and welcoming business environment by generating more than 600 businesses by the conclusion of the four-year tenure.
Through this admirable initiative, the Ghanaian government underlined its commitment to supporting the business sector, with the goal of establishing more than 600 new businesses by the conclusion of the present term of President John Dramani Mahama.
“At least each of the banks that will show up is going to pick five projects, five bankable projects for this year. And they expect that next year, when we return to Kwahu, they will invite those five people whom they helped or assisted to come and testify.”
“So if this continues for the next five years, each bank will take a minimum of five people, five enterprises to support. The following year, doing the same. I’m sure by the end of his four-year tenure, we’ll have over 600 enterprises that we can pinpoint and see that these are things that President Mahama started,” the Chief of Staff noted.
The Kwahu Business Forum, which is set for Saturday, April 19, 2025, and aims to promote interaction between financial institutions and the private sector to investigate investment prospects and policy assistance, is directly related to this program.
Speaking to reporters on Monday, April 14, 2025, the Chief of Staff emphasized the forum’s capacity to create long-term jobs and bring money into the economy.
He clarified that the program will boost regional economies, generate employment, raise tax receipts, and aid in the expansion of the country.
The Kwahu Business Forum is intended to act as a strategic forum for communication between private sector participants and financial institutions, encouraging cooperation to improve Ghana’s business climate.
It seeks to unite interested parties to talk about creative funding schemes and tactics to improve the nation’s economic environment.
“A lot of funds are going to come into the economy. Because once a business starts, it stimulates the local economy where the company will be situated, and people get employed.”
“They get money, and they pay their taxes, they buy other products from other people, and then our economy is stimulating and growing. And so I think what he intends to achieve is that he wants to grow businesses,” he stated.
Mr. Debrah asserts that President Mahama wants to be known for one thing: that, if nothing else, he invited businesspeople to start something during his administration, started the conversation, and encouraged banks to provide them with the support they needed to advance our country.
Source: newsthemegh.com