The Food and Drugs Authority (FDA) has signed a Memorandum of Understanding (MoU) with an NGO, Campaign for Female in Education- Ghana (CAMFED-Ghana), to help females in entrepreneurship,
The MoU which was signed on Wednesday, the 26th of January 2022 at the FDA’s Head office at Shiashie-Accra would help women-led businesses and young entrepreneurs to duly register their products and fulfill the needed regulatory requirements through the FDA’s Progressive Licensing Scheme.
In a brief remark delivered by Mrs. Delese Mimi Darko, the Chief Executive Officer of the FDA said, the MoU would also provide training and technical support, to ensure effective processing of applications and grant market authorization to Micro, Small and Medium Enterprises (MSMEs).
Mrs. Darko also indicated that, it is a known fact that MSMEs play a major role in most economies, particularly in developing countries, with the World Bank reporting a representation of 90% of such businesses and more than 50% of employment worldwide.
She stressed that these statistics are even more significant in Ghana because the 2020 Mastercard Index of Women Entrepreneurs revealed 36.5% of businesses in Ghana are owned by women and ranked Ghana, third, among 58 economies assessed.
Mrs. Darko disclosed, that over the years, the FDA has continuously demonstrated its commitment to support government’s industrialization agenda by introducing several innovations including the PLS and the Kayayei to Entrepreneur initiative.
Since the launch of the PLS IN 2020 for instance, the Authority has licensed 1,034 facilities with registered 1,427 products which are primarily food, cosmetics and household chemicals.
The CEO of FDA reiterated that, nine (9) out of ten (10) local industries under its purview are MSMEs operated by women and young entrepreneurs in the food, cosmetics and household chemicals sector hence making this partnership with CAMFED-Ghana more relevant as the NGO aims to accelerate the livelihood of young girls and women.
On her part, the National Director of CAMFED – Ghana, Mrs. Sally Yeboah explained that the collaboration between CAMFED-Ghana and FDA is a rare opportunity that has the potential to promote efficiency in the operations of MSMEs in Ghana and yield wider developmental outcomes.