Spy Ghana: Invest In Africa, AfDB On Oil And Gas (SME)

The African Development Bank (AfDB) says Small and Medium Scale Enterprises (SME’s) operating in the country must take advantage of Ghana’s local content policy in the oil and gas sector. The African Development Bank (AfDB) has signed a US$ 1million dollar grant with Invest In Africa (IIA) to support business skills training for SMEs in Ghana.

IIA is expected to use the grant to implement a Business Linkage Programme designed to upgrade the capabilities of selected SMEs registered on IIA’s recently launched African Partner Pool (APP) online directory. According to AfDB Ghana Resident Representative Marie – Laure Akin – Olugbade the programme will foster SME development and help build their competitiveness which will support the private sector growth in Ghana.

“We hope that to a large extend the programme will compliment the implementation of the policy, which seeks to guarantee the active participation of Ghanaian SME’s in oil and gas activities which will stimulate growth of indigenous capacity.”

The AfDB Ghana Resident Representative said their experience shows that successful business linkages programme are built on corporate commitment, dedicated team of mentors, a well planned and coordinated programme and support from various institutions.
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