• About
  • Advertise
  • Privacy Policy
  • Contact
Monday, August 4, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

MTN Foundation Empowers Ghanaian MSMEs with GHC 1 Million Investment

April 25, 2024
Stephen M.Cby Stephen M.C
in Vaultz Business
0
MTN Foundation Empowers Ghanaian MSMEs with GHC 1 Million Investment

In a boost to Ghana’s entrepreneurial landscape, the MTN Ghana Foundation has taken a significant stride by supporting 140 micro, small, and medium enterprises (MSMEs) with a total investment of GHC 1 million.

This investment not only includes financial aid but also comprehensive training aimed at enhancing the capabilities and competitiveness of these businesses.

Under the inaugural edition of the MTN Ghana Foundation’s Enterprise Support Program, 140 MSME owners have successfully completed specialized training modules tailored to address their specific needs.

RelatedPosts

MTN Ghana’s Profit After Tax Surges by 55% in H1 2025

BoG Data Shocker: 54% of Mobile Money Agents Now Inactive Despite Sector Boom

GSA Vows Tough Sanctions as BoG Enforces New Forex Rules to Curb Arbitrary Shipping Charges

The training, coupled with a capital injection of up to 10,000 cedis per beneficiary, marks a crucial milestone in the journey of these businesses towards sustainability and growth.

One of the highlights of this initiative is the enrollment of participants onto the MTN Momo Market, an innovative e-commerce platform. With access to this platform, beneficiary businesses gain a valuable opportunity to showcase their products and services to a vast audience of over 20 million customers. This digital marketplace not only expands their reach but also opens doors to new avenues for sales and revenue generation.

Meanwhile, the training for the beneficiaries included Bookkeeping, Business Model Innovation, Financing your Business, Business Cost and Pricing, Design Thinking, Branding, Sales and Marketing, Business Management, Financial Literacy, Digital Marketing, and Customer Service.

The training went beyond technical knowledge for business growth and sustainability; it also provided an experiential approach with peer-to-peer teaching and learning as well as networking opportunities.

The Impact of the Program

Commenting on the project, the Chief Corporate Services and Sustainability Officer of MTN Ghana, Adwoa Wiafe, said, “We are pleased with the impact that this program has had on the livelihoods of the beneficiaries in the first year of this five-year program”.

“We will continue to improve its implementation and monitoring in the second year to enhance its impact on the beneficiaries and their businesses. The program is MTN Foundation’s way of helping to address a significant challenge faced by micro and small-scale enterprises in the country – access to capital. In providing this much needed support we are complementing the government’s efforts to build a sustainable livelihood for business owners from low income communities.”

Adwoa Wiafe

Speaking about the project, one of the beneficiaries said, “I thoroughly enjoyed the training. I learned about the benefits of proper branding, customer experience, marketing, communication, and branding which I will apply to improve the way I do business.”

Another beneficiary, who is a person living with a disability, said, “I liked everything about the training. The trainer taught us in Twi, so we understood it well. We can now manage our business, maintain our customers, and attract new ones.”

The MTN Enterprise Support Program is a legacy project of MTN Ghana and was established in celebration of its 25th Anniversary in 2021. The initiative was launched in 2023 and is being implemented in partnership with the Innohub Foundation.

The second year of the project will be launched in April 2024, where another group of MSMEs from three regions will be invited to submit applications.

The shortlisted MSMEs will be given the opportunity to pitch for the grant, and the successful beneficiaries will be selected for onboarding for the 2024 edition.

What sets this initiative apart is its focus on inclusivity and empowerment. The Enterprise project targets youth, women, and differently-abled led MSMEs, recognizing the diverse talent and potential within these demographics. By providing tailored support to these groups, the MTN Ghana Foundation aims to foster a more inclusive entrepreneurial ecosystem where all individuals have the opportunity to thrive.

The MTN Ghana Foundation has set ambitious goals for the Enterprise project. Over the next five years, they aim to extend support to a total of 500 MSMEs across Ghana. This long-term commitment underscores the foundation’s dedication to nurturing sustainable businesses that contribute to economic growth and social development.

The success of this initiative lies not only in the financial support provided but also in the holistic approach towards capacity building and market access. By addressing the specific needs of beneficiaries through tailored training modules and offering them a platform to showcase their products, the MTN Ghana Foundation is laying the groundwork for a more vibrant and resilient MSME sector in Ghana.

READ ALSO: Prof. Opoku-Agyemang, A True Reflection Of A Leader

Tags: digital marketingMSMEsMTN Enterprise Support ProgramMTN FoundationMTN Momo Market
Please login to join discussion
Previous Post

Prof. Opoku-Agyemang, A True Reflection Of A Leader

Next Post

SML Saga: MFWA Requests Full KPMG Report

[mc4wp_form id="1264"]

Related Posts

Pakistan, Iran Ink Deals Across Various Sectors
Asia

Pakistan, Iran Ink Deals Across Various Sectors

August 3, 2025
President John Dramani Mahama, With Minister Bianca Odumegwu-Ojukwu, Ghana, Nigeria
General News

President Mahama Dispels Nigerian Deportation Fears After Viral Video

August 3, 2025
DSTV Pricing under scrutiny
General News

MultiChoice Grilled On DSTV Pricing 

August 3, 2025
Newmont Finalises $770M Sale of Akyem Mine to Zijin Mining 
Extractives/Energy

Newmont Finalises $770M Sale of Akyem Mine to Zijin Mining 

August 3, 2025
Ghana’s Minister for Communications, Digital Technology and Innovations, Hon. Samuel Nartey George
General News

Sam George Rejects DStv’s Proposal, Insists on Price Reduction

August 3, 2025
New Wave Of Violence Displaces Thousands In Mozambique
Africa

New Wave Of Violence Displaces Thousands In Mozambique

August 3, 2025
Pakistan, Iran Ink Deals Across Various Sectors
Asia

Pakistan, Iran Ink Deals Across Various Sectors

by Comfort AmpomaaAugust 3, 2025
President John Dramani Mahama, With Minister Bianca Odumegwu-Ojukwu, Ghana, Nigeria
General News

President Mahama Dispels Nigerian Deportation Fears After Viral Video

by Silas Kafui AssemAugust 3, 2025
DSTV Pricing under scrutiny
General News

MultiChoice Grilled On DSTV Pricing 

by Lilian AhedorAugust 3, 2025
Newmont Finalises $770M Sale of Akyem Mine to Zijin Mining 
Extractives/Energy

Newmont Finalises $770M Sale of Akyem Mine to Zijin Mining 

by Prince AgyapongAugust 3, 2025
Ghana’s Minister for Communications, Digital Technology and Innovations, Hon. Samuel Nartey George
General News

Sam George Rejects DStv’s Proposal, Insists on Price Reduction

by Evans Junior OwuAugust 3, 2025
New Wave Of Violence Displaces Thousands In Mozambique
Africa

New Wave Of Violence Displaces Thousands In Mozambique

by Lawrence AnkutseAugust 3, 2025
Pakistan, Iran Ink Deals Across Various Sectors
President John Dramani Mahama, With Minister Bianca Odumegwu-Ojukwu, Ghana, Nigeria
DSTV Pricing under scrutiny
Newmont Finalises $770M Sale of Akyem Mine to Zijin Mining 
Ghana’s Minister for Communications, Digital Technology and Innovations, Hon. Samuel Nartey George
New Wave Of Violence Displaces Thousands In Mozambique
[/vc_row_inner]

Recent News

  • Pakistan, Iran Ink Deals Across Various Sectors
  • President Mahama Dispels Nigerian Deportation Fears After Viral Video
  • MultiChoice Grilled On DSTV Pricing 
  • Newmont Finalises $770M Sale of Akyem Mine to Zijin Mining 
  • Sam George Rejects DStv’s Proposal, Insists on Price Reduction
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.