SDF Supports Industries

The Skill Development Fund (SDF) of the Council for Technical and Vocational Education and Training (COTVET), yesterday, awarded over GHC15million to over 40 small, medium, large economic units and other educational research institutions in Accra.

The grant facilities included technology development grants for the development of innovative technology that solves major challenges of the formal and informal enterprises.

In an address delivered on her behalf at the 3rd award ceremony, the Minister for Education, Professor Naana Opoku-Agyemang said apart from the grant supporting the development of innovation technology for the growth of agriculture, SDF would also award a grant of GHC110.00 to micro and small scale industries and trade associates.

The trade associations, she said, would include the beauty and cosmetic sector, livestocks, textiles and the consumer electronics sector.

The Minister noted that Ghana‘s economic growth was driven by the private sector which comprised the formal and informal sector enterprises and stressed that a key challenge across both sectors was  limited access to skills and innovative technology that would enhance competitiveness in the fast changing global environment.

Professor Naana  Agyeman said the Biotechnology and Nuclear Agriculture Research Centre of the Ghana Atomic Energy  Commission would benefit from a GHC 327.00 grant to use local materials to develop and transfer an innovative technology to control the harmful effect of insects and flies on commercial fruit farms in Ghana.

She urged the project support units of COTVET to put in place a robust and efficient monitoring and evaluation system and framework to ensure that activities of grantees were closely monitored for optimum productivity and result.

In a presentation, the Project Support Manager of SDF, Mr kwamena Simpson, disclosed that the SDF had decided to give grants to over 80 industries in the second phase of the funding support.
He explained that the selected industries were considered because they expressed the genuine need for support in the proposal they submitted.

The Grantees included Cape Coast Soap Makers Association, National Association of Garrages, Yilo Krobo Mango Farmers Association and the Musicians Union of Ghana.

Source ISD (Nana Ama Bonnah & Loretta Naa Dei Ashie)