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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 ...