Business News of Saturday, 2 June 2018
Source: www.ghanaweb.com
An Associate Professor at Ashesi University, Dr Gordon Kwesi Adomdza, has said government’s Ghana Beyond Aid agenda would ensure trade opportunities are available to social enterprises to boost their businesses.
This, he said would allow social enterprises to rather advance strategies in order to effectively operate instead of looking aid outside Ghana.
“These developments, as we understand them, stem from the designation of Ghana as a lower middle country and hence does not technically qualify for Aid anymore. We have also heard that from 2020, Aid will become Trade,” he explained.
Speaking in an interview with Ghanaweb, Dr Adomdza said social impact organizations - NGOs and social enterprises have to find new business models in a ‘Ghana Beyond Aid’ or a Ghana where Aid becomes Trade.
He said, “Perhaps, these social-impact-focused organizations may have to innovate their business models to include more private sector support or ‘trading’ with development agencies.”
To achieve this, Dr Adomdza organised a field study with a class from North-Eastern University, USA to design models for social enterprises to pursue the ‘Ghana Beyond Aid’ agenda.
According to him, the student put into practice what they are being taught in class on the field.