Final Batch Of Busac Fund Launched 19 Million Dollars

The third and final phase of the Business Sector Advocacy Challenge (BUSAC) Fund has been launched with a commitment of 19 million dollars from supporting development partners, DANIDA, USAID and the EU.

The first phase of the program ran between 2004 and 2010, providing some 362 advocacy grants to business groups and associations across the country.

More than 17 million dollars was granted to 435 private sector groups under the second phase ending last year.

In an address the fund manager, Nicholas Gebera maintained that BUSAC fund three which it is expected to end by 2020 is aimed at enhancing the advocacy capacity of private sector organisations and create effective Public Private Dialogue Platforms.

The Head of delegation of the European Union William Hanna said EU is committed to supporting the fund with 7 million Euros.

Still on the private sector, the Association of Ghana Industries AGI has received more than 200,000 Ghana Cedes in grant to support a a construction sector public private dialogue PPD platform.

The support forms part of the third phase of the Business Sector Advocacy Challenge BUSAC Fund.

Three other Private Sector Organisations received cumulatively more than 200,000 Ghana Cedes to support various advocacy activities.

Speaking to Business News at the sidelines of the reception, the President of the Tour Operators Union of Ghana, Nancy Sam said the 89, 250 Ghana Cedi Grant will help them better dialogue with policy makers to improve the industry.