2018.2241.0

Programme for Sustainable Economic Development

Client
Bundesministerium für wirtschaftliche Zusammenarbeit u. Entwicklung
Country
Ghana
Runtime
Partner
Ministry of Finance
Contact
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Ausgangsituation:

Ghana’s economic development since the mid-1990s is a success story for sub-Saharan Africa. However, income and assets are very unevenly distributed. Furthermore, around 80 to 85 per cent of the population work in the informal sector. Many people find it difficult to secure employment due to their lack of qualifications.

The financial sector also went through a crisis from 2017 to 2019 and lost a lot of the population’s trust. Many small and medium-sized enterprises are barely able to access financial services. Although handling bank transactions via a mobile phone (known as mobile money) is gaining in significance, this requires an internet connection. Because this is lacking or people cannot afford it, digital services are hardly available, especially in rural regions.

As a result, many young people do not see any opportunities for themselves in Ghana and must be considered as potential migrants.

Ziel:

The conditions for humane, productive employment have improved.

Vorgehensweise:

The project works between the public and private sectors in both rural and urban regions.

Together with the management consultancy AFC, the project is stabilising the financial sector. It supports the regulatory authorities and develops financial products. This enables smaller and medium-sized enterprises to access financial services more easily.

The project’s activities also include improving training providers, developing curricula and organising teacher training courses. As a result, graduates have better employment opportunities. The European Union and the Swiss State Secretariat for Economic Affairs are cofinancing the engagement in the technical and vocational education and training sector, and the project is also cooperating with the management consultancy PLANCO in a consortium with GOPA Infra in this area.

Training for entrepreneurs combined with basic equipment gives potential migrants an alternative to emigrating. Furthermore, the Digital Transformation Centre Ghana works together with innovation actors and local offices to provide digital services for rural regions.

Last updated: July 2021 
Further Project Information

CRS code
24040

Cofinancing
  • Staatssekretariat für Wirtschaft (SECO) (1.92 m €)
  • Europäische Union (EU) (2.44 m €)
Policy markers

Significant (secondary) policy objectives:

  • Gender Equality
  • Democratic and inclusive governance
  • Trade Development
  • Climate Change: Adaptation

Responsible organisational unit
1600 Westafrika 2 und Madagaskar

Previous project
2015.2090.7

Follow-on project
2021.2274.5

Financial commitment for the actual implementation phase
42,111,176 €

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