AFRICAN SME NETWORK FOR EXCHANGE AND TRADE IN-KIND GRANT SCHEME FOR SMES
AFRICAN SME NETWORK FOR EXCHANGE AND TRADE
IN-KIND GRANT SCHEME FOR SMES
The Association of Ghana Industries (AGI), with support from the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), and within the framework of the Special Initiative "Decent Work for a Just Transition" (brand name: Invest for Jobs), is implementing the African SME Network for Exchange and Trade (AfNEXT) project in Ghana.
The AfNEXT project seeks to support SMEs through a combination of 1) Technical and 2) Financial Assistance; 1) it offers business development trainings and highly customized consulting services to improve business performance and market access; 2) it provides support for the procurement of equipment to increase production capacities (in-kind Grant Scheme).
The maximum grant amount is EUR 7700. All succesful applicants who become the beneficiaries of the AfNEXT project must commit to contribute 15% co-financing (EUR 1358 in case of the maximum grant amount) or higher if the required equipment is more expensive than EUR 9058 (maximum grant amount + mandatory 15% co-financing + top-up by beneficiary).
The Association of Ghana Industries (AGI) is a not-for-profit
business organisation established in 1957 and incorporated
in 1958 by a group of indigenous manufacturers in Ghana. Today, AGI is recognised as the leading
voice of the private
sector in Ghana.
Our mission is to carry out proactive support services to the industrial sector with the view to contributing substantially to the growth and development of industry in Ghana.
In the immediate post-independence era, Ghana embarked on an import-substitution industrialisation policy with the active involvement of the state. The development of the manufacturing sector was thus spearheaded by the state with support from multi-national companies and a few emerging Lebanese and Indian industrialists.
WHO CAN APPLY?
- Is your business registered in Ghana?
- Is your business engaged in export or need support to export?
- Is your annual turnover at least GHS 130,000?
- Are your processes aligned with environmental and social sustainability efforts?
- Do you have a minimum critical staff of 10, with a significant number of the staff being women and/or youth?
- Are you seeking equipment and technical assistance to improve your current production capacities, and thereby generate new and decent jobs?
- Are you ready to contribute? The maximum grant amount that can be awarded is Euros 7,700 and at least 15% co-financing with your own funds is mandatory.