Major fund launched to reduce poverty in Ghana

Philip Le MayFrom RUSSELL ADADEVOH in Accra, Ghana
ACCRA, (CAJ News) – NON-GOVERNMENTAL organisations in Ghana are poised to benefit from the US$1 million Innovation Fund that the Resiliency in Northern Ghana (RING) project has launched.

The fund supports organisations that have creative and innovative ideas to support the RING project to improve the livelihoods and nutrition status of vulnerable households in the Northern Region.

The Innovation Fund, which is part of the Annual Program Statement (APS) of the RING project will fund proposals with new and improved ideas and innovations to develop and pilot new results for future inclusion in the RING project approved menu of activities with a funding support ranging between US$ 25 000 to a ceiling of US$100 000 for each proposal selected and approved.

RING Chief of Party (COP), Philippe LeMay said the announcement and provision of funds marked a special day in the history of the RING project, since it was the beginning of RING private sector initiative in support to the Government of Ghana to improve nutrition and reduce poverty in the Northern Region.

“Your presence here today is really the beginning of the engagement of the RING project with the private sector actors, since most of you are from NGOs and associations, but our partnership is also open to private sector organizations that are for profit under certain conditions,” LeMay stressed.

The Innovation Fund’s Madam Asooh said the scheme would support proposals that were highly innovative with direct impact on nutrition and hygiene for women and children and significant impact on the social and economic status of women of reproductive age and children under five.

“The Innovation Fund will support approaches that have the potential to be easily and successfully replicated by District Assemblies and implementing partners in the Northern Region and these innovations should be cost effective, results based and above all sustainable even after the closure of the RING project,” Asooh emphasised.

RING is a United States Agency for International Development (USAID) funded project focused on poverty reduction to improve the nutrition and livelihood status of vulnerable households in the Northern Region.

CAJ News

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Posted by on Aug 20 2015. Filed under Africa & World, Featured, Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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