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Rural Enterprises Project

Rural Enterprises Project

This project was the first phase of the ongoing Rural Enterprises Project. It helped reduce poverty by promoting the development of small-scale, non-agricultural enterprises. It built upon government economic reforms to help private rural entrepreneurs access technical, financial and business services and take advantage of the recently liberalized economy.

Assisted by the project, new and existing businesses stimulated additional economic activity. This reduced local unemployment and poverty. The project's training programmes in technology and business skills were particularly successful in creating viable new businesses and in improving existing ones. This led to higher incomes for entrepreneurs and expanded opportunities for wage employment.

Source: IFAD


Status: Closed

Country

Ghana

Approval Date

02 December 1993

Duration

1993 - 2002

Sector

Rural Development

Total Project Cost

US$ 9.3 million

IFAD Financing

US$ 7.67 million

Co-financiers (Domestic)

National Government US$ 1.18 million

Financing terms

Highly Concessional

Project ID

1100000466


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