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Third Phase of BUSAC Fund Launched

04.10.2017  15:42
The Danish International Development Agency (DANIDA), the European Union (EU), the United States Agency for International Development (USAID) and the Ghana government successfully launched the third phase of the Business Sector Advocacy Challenge (BUSAC) Fund


From left to right; the Danish Ambassador H. E. Tove Degnbol, the EU Ambassador H.E. William Hanna and the Mission Director of USAID Sharon L. Cromer after the signing of the cooperation agreement

Present at the meeting were the Danish Ambassador to Ghana, H.E. Tove Degnbol; the EU Ambassador to Ghana, H.E. William Hanna; and the USAID Ghana Mission Director, Sharon L. Cromer. The Minister for Labour and Employment Relations, Hon. Ignatius Baffour-Awuah; Chief Director of the Ministry of Business Development, Mr. Joe Tackie; Director, Ministry of Trade and Industry, Mr. Ebenezer P. Adjirackor were also present at the event.

A cooperation agreement signed by DANIDA, USAID and EU to commit an amount of USD 19 million to the third phase of the BUSAC Fund to support private sector business advocacy initiatives in Ghana. As a component under DANIDA’s Support to Private Sector Development Phase III programme, BUSAC III, will foster an improved business environment for the Ghanaian private sector until December 2020.

The Danish Ambassador to Ghana, H. E. Tove Degnbol in her speech said: “The BUSAC Fund has had a good history of harmonising expectations between the private sector and the Government and has generated a series of examples of what the government and the private sector can achieve together when they dialogue. One such example she mentioned is the Ghana Institution of Engineers, which engaged in the preparation of new legislation regulating the activities of building contractors, civil engineers, and mechanical engineers. The advocacy activities of the institution led to the Engineering Council Act in 2011, which has improved the standard of engineering and helped, eliminate unqualified practitioners in the sector."


The Danish Ambassador to Ghana, H. E. Tove Degnbol addressing participants at the event

She further mentioned that while this example represents national-level efforts to influence the legal framework, an example from the Upper West Region, where an association of 500 women; the House of Liberation for Empowerment, has worked to secure land rights for women is a refreshing example of what advocacy can do at the district and local levels. These women could not get individual title deeds, but they managed to get land rights as an association. In addition, the association advocated – and obtained - reduced interest rates for female businesses from two local banks.

Ambassador Tove mentioned:

“In November 2017, her Royal Majesty Queen Margrethe II of Denmark will visit Ghana to confirm Denmark’s commitment to collaborate with Ghana on themes and in sectors that are mutually beneficial to our countries. The Queen will be accompanied by a large business delegation, and it has come as a positive surprise that many more companies have signed up than we had dared to expect.”