Government has launched the Ghana Development Project Grant Scheme to cushion over 1000 industry players in the Tourism sector.
The Scheme which is under the auspices of the Tourism Arts and Culture Ministry will disburse over ¢9 million to Small and Medium-sized Enterprises (SMEs) in the sector.
Speaking at the launch of the Scheme, sector Minister Barbara Oteng Gyasi said the programme is expected to alleviate the plight of business, especially those in the tourism and art industry currently bearing the brunt of the devastating effects of the outbreak of the pandemic.
“This a project been implemented by the ministry and there is the grant component. Fortunately, the implementation of the grant component has coincided with the Covid-19 pandemic, which has imparted significantly our sector and most of our businesses are struggling.
"The disbursement of this facility will bring the needed support our businesses aside from the other interventions government is providing,” she said.
According to her, the Scheme will strengthen the tourism enabling environment, develop tourist sites and destinations as well as improving tourism enterprise support as the Scheme will be managed by a five-member grant committee.
The grant is also to support is in three components i.e. site upgrade grant, SMEs grant and capacity building grant.
Senior Minister Yaw Osafo Marfo who spoke at the same event revealed the first tranche of the grant has hit the account and additional funds and government is expecting additional funds soon.
“This the first time such a scheme is implemented in the history of this country to support business in this country. We got the good news that the initial capital of ¢9 million has hit the account. If you apply and everything is put in place there will be more money soon” he said.
Eligible applicants must be a Ghanaian, must have a registered business and be a member of a Tourism and Leisure Association.
Interested applicants can submit an expression of interest form on the Ministry of Tourism and Arts website from now to until July 8, 2020.
Funds are expected to be disbursed in few weeks after application review.
Latest Stories
-
We may all resort to vote buying if electorates prioritise such over development – Asiedu Nketiah
24 mins -
NDF engages mineral extraction communities in advocacy and litigation resolution
28 mins -
Adabraka in community A/R unites to combat electoral violence
35 mins -
Forestry Commission cracks down on endangered bush meat trade
36 mins -
Global GDP could plunge by 24% by 2,100 without urgent climate action
37 mins -
High Court dismisses lecturer’s bid to block Deputy IGP’s appointment
45 mins -
MTN records 35.5% growth in profit to GH¢3.76bn in quarter 3, 2024
1 hour -
Deloitte to hold training on navigating customs and excise duty Obligations
1 hour -
Akufo-Addo, Bawumia should have prioritised National Peace Campaign launch – Mahama
1 hour -
AGI works to clamp down on substandard foreign mattresses penetrating Ghanaian markets
1 hour -
Immigration Service intercepts 54 gallons of fuel
1 hour -
Ace Medical Insurance makes its mark at Ghana Club 100 Awards
1 hour -
Dafeamekpor takes Speaker to High Court to affirm vacant seats ruling
1 hour -
Government is not funding GMX music streaming platform – Director of Marketing
1 hour -
Energy sector not advancing enough – ACEP
2 hours