Ghana Launches First Inclusive Business and Inclusive Green Business Forum

Ghana has launched its first Inclusive Business and Inclusive Green Business (IB/IGB) Forum in Accra, aiming to unite key stakeholders to foster sustainable business practices. The event was organized by GIZ, the Association of Ghana Industries (AGI), and the Ghana Enterprises Agency (GEA), showcasing a comprehensive study that identified 15 companies meeting inclusive and green business criteria out of 300 screened businesses. These companies currently reach over 1.8 million low-income individuals across Ghana.

GIZ Ghana Country Director, Dr. Dirk Assmann, emphasized the significance of the initiative during the forum, stating, “This initiative is not just about identifying innovative business models but about creating a sustainable framework that empowers communities, enhances livelihoods, and protects the environment.” He highlighted the introduction of a Risk Reduction and Social Innovation Fund to improve financing access for sustainable businesses and a coaching program that has already assisted 35 companies in scaling inclusive business practices.

The study projects that women-led businesses will represent 40% of IB/IGB initiatives by 2026. Over 200 stakeholders, including government agencies, impact investors, and business associations, contributed to the study’s development. The forum marked the beginning of a three-part seminar series aimed at helping companies implement inclusive and green business models. GIZ, GEA, and AGI will continue supporting businesses in adopting sustainable practices as part of Ghana’s broader economic development strategy.

Funded by the German Cooperation through GIZ’s Support to the Private and Financial Sector Programme, the forum aimed to foster a collaborative initiative driven by the private sector, supported by government efforts, and implemented by multiple stakeholders. Dr. Assmann stated, “Our goal is to promote inclusive businesses and inclusive green businesses that not only thrive economically but also uplift low-income families.”

During the forum, the Chief Director at the Ministry of Trade and Industry, Patrick Yaw Nimo, underscored the growing importance of inclusive business worldwide. He noted that promoting inclusive and green business models aligns with the guiding principles of Ghana’s MSME policy, which promotes equity and focuses on gender, youth, and vulnerable groups. Nimo highlighted the event’s significance for the ministry as it provides a better understanding of IB and IGB, promotes evidence-based analysis, and fosters strategic partnerships.

The National MSME and Entrepreneurship Policy aims to address constraints faced by the MSME sector, which is the backbone of Ghana’s economy. The Ministry will continue collaborating with development partners to create a more favorable environment for inclusive businesses.