As part of efforts to help Ghanaian entrepreneurs have easy access to funds to expand their businesses, the Ghana Climate Innovation Centre Investor Directory, has launched an online portal that creates an avenue for entrepreneurs to examine a number of investors who may have interest in their businesses.
In an interview with Citi Business News, Consultant at the Ghana Climate Innovation Centre, Abdul Nasser Alidu, said the plan is to enable entrepreneurs have easy access to capital for their operations.
“It is a directory where entrepreneurs can go and find potential investors. One of the biggest issues that we found out in incubating entrepreneurs was the fact most of them do not go where to go for funding. When you ask them where to go for funding, a lot of them will mention the banks.”
“…But we know that in this country banks are very risk-averse and banks will not fund start-ups. So there are people who want to fund entrepreneurs and we ensure that they are able to find these investors,” Mr. Alidu explained.
The Ghana Climate Innovation Center (GCIC) was founded in 2016 to provide incubation services to entrepreneurs and small and medium-sized businesses that focus on creating innovative solutions to climate change challenges in Ghana. It’s hosted at Ashesi University College in partnership with SNV Ghana, PwC Ghana, and UNU-INRA Ghana.
Within five years, the Center aims to create an economic impact of $28.6 million through the work of 100 innovative green businesses that it will incubate and help grow.
Over ten years, the Center looks to generate — directly and indirectly— about 10,000 jobs, mitigate over 600,000 tons of CO2e, and increase the climate resilience for some 300,000 Ghanaians.
The GCIC was initiated by the World Bank – infoDev with the support of the governments of Denmark and the Netherlands.
Citibusiness
