Skip to main content

DANIDA, USAID support BUSAC

By Kofi Ahovi
The Danish International Development Association (DANIDA) and the United State Agency for International Development (USAID) have signed a delegated cooperation agreement to support the Business Sector Advocacy fund II (BUSAC) with a total of US$12 million.

The agreement allows DANIDA to act as lead donor on behalf of the delegating donor, USAID to reduce transaction cost between the two institutions as well as for BUSAC. The European Union is expected to join very soon.

The Head of Develpment of DANIDA, Jan Poulsen during the signing ceremony in Accra last week said, the signing of the agreement is a landmark that signifies the strong commitment by USA and Denmark to increase harmonization and aid effectiveness in Ghana.

The BUSAC fund is a project set up to strengthen the advocacy capacity of private sector business groups and associations. The second phase of the fund was designed drawing lessons from the first phase.

The BUSAC fund II is a five-year extension to BUSAC fund I and is intended to consolidate the gains made in during the first phase of the fund and to further spread the concept and practice of advocacy to all sectors of the economy in all regions and districts of Ghana. Activities of the fund will support private sector development objectives of government as defined in the Private Sector Development Strategy II.

BUSAC fund II is a competitive, demand-driven mechanism. It allows for a transparent selection of advocacy actions identified by Private Sector Organisation (PSOs) for grant support with special emphasis placed on sustainability of advocacy actions by PSOs

The goal of the project is to support the PSOs to upgrade their capacity and generate assets to undertake advocacy actions such that they will no longer need external support when BUSAC fund II ends in 2014.

The BUSAC fund was started by DANIDA in 2004 as part of its commitment to private sector development in Ghana. USAID and the Department for International Development (DFID) later joined to support the first phase, which was completed in 2010.

During the first phase of the fund, about 362 grants worth US$8 million were provided to business associations, trades unions, and media houses across the country. The multiplying effect of the support is estimated to have reached more than 4.8 million Ghanaians.

Comments

Popular posts from this blog

Nestlé Ghana Limited Wins Overall Best Industrial Company Of The Year at 13th AGI Industry & Quality Awards

  Nestlé Ghana Limited has been honored with four prestigious awards at the 13th Association of Ghana Industry and Quality Awards ceremony. The event, held in an esteemed setting, gathered prominent figures from Ghana’s industrial sector. Amidst the anticipation, Nestlé Ghana emerged as one of the evening’s notable winners, securing accolades in several key categories. This recognition underscores Nestlé Ghana’s relentless pursuit of excellence and innovation, marking a significant milestone that highlights the company’s substantial contributions to the manufacturing industry in Ghana. Nestlé Ghana's exceptional performance was acknowledged with the following awards: Overall Best National Quality Award, Diamond Category (Food) Overall Best Practices in Sustainable Manufacturing Best Company (Food Sector) Overall Industrial Company of the Year, affirming its status as a leader not only within the food sector but also across Ghana's entire industrial landscape. This success is a ...

Anglogold Ashanti Obuasi Mine tops 2024 Sustainability & Social Investment Awards

 AngloGold Ashanti Obuasi Mine has confirmed its status as sustainability champions by sweeping nine awards, the most won by a company at the 2024 Sustainability & Social Investment Awards (SSI) held at Movenpick Ambassador Hotel in Accra. The feat comes on the heels of a dominant performance in last year's event where AngloGold Ashanti Obuasi Mine swept seven awards. The SSI Awards organised by Ianmatsun Global Services recognizes the most outstanding sustainability, Corporate Social Responsibility (CSR), Environmental, social, and governance (ESG) initiatives in the country and beyond as well as the best teams and individuals who brought them to life. This year's event, which was the 8th edition, was under the theme "Climate Action Now: Accelerating Decarbonization and Building Resilience". The awards won by AngloGold Ashanti on the night include SSI Company of the Year, Best Company in Women Empowerment (project), SSI Company of the Year ( Environment), Best Co...

Zoomlion Advocates Community & Gender inclusive waste management for Climate Action at COP 29

 Africa's waste management giant, Zoomlion Ghana Limited has advocated for an integrated approach to waste management that considers the interest of community members, women and vulnerable groups. James Deku, a Communications Officer of Zoomlion Ghana Limited made this call at the 29th session of the Conference Of Parties (COP 29) of the United Nations Framework Convention for Climate Change (UNFCCC) at Azerbaijan, Baku whiles speaking on the topic "Community-Driven and Gender Inclusive approaches to waste management for Climate Action ". He said the waste sector is a major contributor of methane emissions which is a potent greenhouse gas causing climate change hence the need to manage waste in a manner that considers the interest of all stakeholders. Zoomlion's waste management model is designed and operated in a manner that considers the interest of all stakeholders. Through a Public Private Partnership (PPP) model, local authorities engage community members in clea...