• View
    262
  • More

G
Ghana
All Posts in Ghana (3)

How to Access Export-Specific Grants and Subsidies in Ghana

As an entrepreneur in Ghana looking to start or grow an export business, there are several government programs and grants that can provide valuable funding support. Here are the key steps to access export-specific grants and subsidies in Ghana:

  1. Register your business: Your company must first register with the appropriate authorities before applying for any grants. This involves filing an incorporation certificate with the Registrar General’s Department and registering with the Ghana Revenue Authority to obtain a Tax Identification Number (TIN).
  2. Obtain an exporter code: Apply for an exporter code from the Ghana Export Promotion Authority (GEPA). This unique identification number is required for subsequent applications and paperwork related to your export business.
  3. Register with GEPA: In addition to applying for specific export grants, businesses should register with the Ghana Export Promotion Authority. By registering, you can access various tools, initiatives and incentives the government offers to support Ghanaian exporters.
  4. Identify eligible export grant programs: Research the different government grant programs to determine which ones you may qualify for based on your export business. Some key programs to consider:
  • Export Development and Agricultural Investment Fund (EDAIF): Provides financial resources for the development and promotion of Ghana’s export trade
  • USAID West Africa Trade & Investment Hub: Offers co-investment grants up to $2 million for West African export businesses
  • Ghana Tourism Development Project Site Upgrade Grant: Grants for tourism-related businesses
  1. Prepare a strong business plan: Most grant programs require a detailed business plan as part of the application. Highlight how your export business aligns with the objectives of the specific grant.
  2. Complete the grant application: Provide all requested information in the grant application, including financial statements, legal documents, and product details. Submit the application according to the program guidelines and deadlines.
  3. Follow up and comply with requirements: After submitting your application, follow up with the grant provider to check the status. If approved, be sure to adhere to all reporting and compliance requirements of the grant.

In addition to government grants, Ghanaian export businesses can explore other funding options like bootstrapping, angel investors, and crowdfunding platforms. Staying informed about the latest export financing opportunities and trade agreements can help position your business for growth in international markets.

Useful links for more information: