New economy booster COVID-19 economic recovery programme comes to an end

The New Economy Booster programme (NEB), which has supported businesses focused on solving Covid-19 related socio-economic problems in Ghana, wrapped up on April 16, 2021.

Since its launch in September 2020, the social enterprise project has supported over 200 advanced and early-stage ventures, startups, non-profit organisations, and initiatives in Ghana.

NEB was designed by Impact Hub, lab of tomorrow and the German Federal Ministry of Economic Cooperation and Development to provide financial and logistics support, partnership opportunities, coaching and mentorship, networking opportunities, training, investor introductions, and expert assistance.

Over 200 companies, which belong to Agriculture, Healthcare, Manufacturing, Education, Tourism, and Hospitality, were accepted into the first phase of the program known as the incubation track. Later, 15 out of the 200 progressed to the acceleration track.

In attendance at the closing event at Impact Hub Accra were the founders and staff of the 15 businesses that reached the acceleration phase and Impact Hub and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) representatives.

The project leads, mentors and coaches of the project were also at the occasion.

In an interview, COO of Impact Hub Accra Victor Kelechi Ofoegbu mentioned it was essential for Impact Hub and partners to support businesses in these trying times, especially when these companies have been working on solutions towards collective economic recovery during the pandemic.