Younger Ghanaians between the ages of 18 and 35 can now apply for loans for start-up companies starting from GH₵5,000 to GH₵500,000 beneath the federal government’s 24-Hour Financial system and Accelerated Export Growth Programme (24H+), with free digital abilities coaching and assured internships additionally on supply.
The Expression of Curiosity portal, accessible at 24hplus.gov.gh, is inviting younger folks alongside farmers, traders, merchants, and producers to register for a variety of alternatives spanning agro-ecological parks, pharmaceutical innovation, textile manufacturing, air cargo logistics, and artistic trade academies.
For youth particularly, this system provides free digital abilities coaching at Technical and Vocational Schooling and Coaching (TVET) facilities in all 16 areas, assured internships with 24H+ accomplice firms, and start-up enterprise loans starting from GH₵5,000 to GH₵500,000.
Concessionary financing can be accessible via the Growth Financial institution Ghana and fairness funding by way of the Enterprise Capital Belief Fund, with precedence accorded to cooperatives and commerce associations.
President John Dramani Mahama has described 24H+ as “a holistic, built-in multisectoral program that permits our producers to assault the important thing bottlenecks holding manufacturing again in agriculture, fisheries, manufacturing, and the inventive industries.”
Extra incentives for taking part companies, together with these run by younger entrepreneurs, embrace vital reductions in Company Earnings Tax for two-shift and three-shift operations, precedence entry to electrical energy and water, import tax exemptions on equipment and uncooked supplies not accessible domestically, VAT reduction for corporations in key sectors, export efficiency rebates, and geographic tax reduction with tax-free intervals within the early years of operation for younger entrepreneurs in manufacturing, ICT, agro-processing, and tourism.
Different alternatives open for registration embrace changing into a 24/7 Prepared! Enterprise, changing into an Anchor Farmer in an Agbledu Agro‑Ecological Park, establishing an agro‑processing facility, changing into a transporter on the Volta Lake, registering curiosity in a Wumbei Industrial Park, taking part within the Tamale Air Cargo Hub, becoming a member of the Akosombo Textiles and Clothes Park, participating within the Legon Pharmaceutical Innovation Park, and enrolling within the Nationwide Creators’ Academy.
To use, members of the general public are suggested to go to www.24hplus.gov.gh, navigate to the Contact Us menu, and choose the Expression of Curiosity Kind choice.
The 24H+ Secretariat has indicated that extra alternatives can be made accessible on the portal in subsequent phases.
