Students from selected universities and polytechnics across the country would be deployed to help micro and small enterprises in financial and marketing management under a “Case Manager Programme”
The program, an initiative of the FFI Business Network in collaboration with the Institute of Entrepreneurship and Small Business Development (IESBD) is set to start in August and would deploy five students to each micro business.
The goal is to give the students practical experience of managing businesses while tapping from their knowledge from the classroom to help formalise these micro businesses which are largely informal.
Team Lead for the FFI Business Network, Joshua Mensah, disclosed these at the start of a 3-month capacity building programme for micro and small enterprise owners in Accra.
Mensah noted: “The aim of this programme is to get businesses from sole proprietorship to limited liability companies and get them listed on the Ghana Alternative Exchange, GAX.”
Within the next three months, participants will benefit from topics relating to how to infuse innovativeness into the informal sector businesses as well as access to funding.
A business plan would also be drawn for each with the benefit of advertising in a magazine and accessing the Pesewa App on their android phones for same.
Personnel from the Ghana Revenue Authority, GRA, will also address participants on the need to be tax compliant while the Ghana Stock Exchange, GSE, will be on hand to explain the requirements and processes for listing on the Alternative Market.
As part of the training, each participant would be given a task to generate a stated amount of income over a period after which excelling ones would be enlisted into a business incubator for further training.
Sixty businesses are expected to be awarded out of the participating number of 200.
By Godfred Tawiah Gogo