Location
Ghana
Topic
Social Economy, Women's Economic Empowerment
Beneficiary
Social Enterprise Ghana
Status
Ongoing
Year
2023
According to a British Council report in 2016 [1], around 100 social enterprises in Ghana have created a total of around 1,000 jobs, have impacted the lives of more than 100,000 beneficiaries and have generated a combined turnover of £1.4 million (almost 8 million cedis) in a year. Nearly 40% of all the social enterprise leaders are female, almost three times the mainstream business. The biggest barrier to social enterprise development is obtaining grant funding, debt or equity capital, resulting from limited access to investor networks and various other factors. Due to gender bias and family responsibilities, women in Ghana are more likely to have financial difficulties when looking to start a business.
Social Enterprise Ghana, as the national representative body for social enterprises, has an important role to play in addressing the financial challenges faced by social enterprises and is working to develop and advocate for an ecosystem that is fit for purpose. Building on previous work through the ICR Facility to finalise a national Social Enterprise Policy [2], SE Ghana is now seeking a feasibility study on establishing a social enterprise and innovation fund, with particular emphasis on supporting women and green start-ups.
The objective of the intervention is to assess the feasibility and operational needs of a social enterprise fund in Ghana to support gender- and green-related outcomes.
The study will be undertaken in two stages. The first stage will include the following:
At the second stage, upon agreement with SE Ghana and British Council, the following components will be analysed:
It is expected that the results of the feasibility study will be presented to and validated by a group of relevant stakeholders from the public and private sectors.
[1] Survey: social enterprise in BGD, GHA, IND & PAK | British Council
[2] Social Enterprise Ghana: Business Environment Reform for Social Enterprises | ICR Facility (icr-facility.eu)
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