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Ghana - 26 November, 2021
Ten people with sustainable green business ideas have been selected under the Mobilizing More for Climate (MoMo4c) programme for further development. This was after a business call was opened to invite green business ideas/proposals that take into consideration innovative climate actions which seek to address some identified Key Landscape Challenges (KLC). The call for green business ideas/proposals focused on the following;
• Initiatives that build adaptive capacities or climate resilience
• Initiatives that can help curtail cocoa-related deforestation
• Initiatives that promote crop and income diversification
• Initiatives that seek to promote value addition and sustainable production value chains
The call was advertised on three major local radio stations and information centers throughout the Sefwi Wiawso, Juabeso, and Bia landscape. Flyers were developed with the details on the green business call and shared on the various social media platforms of Tropenbos Ghana. Hard copies of the application forms were made available at the Business Advisory Centers (BAC) in the various district assemblies (Sefwi-Wiawso, Juabeso, and Bia West). The application form was also downloadable from the Tropenbos Ghana website.
A total of 140 applications forms were picked up by applicants, 120 were completed and submitted (114 hard copies and 6 online). Out of the 120 applications received, 22 came from women. A landscape-level selection panel constituting all BAC heads and a business expert was put in place to screen all the applications. Twenty-Four (24) green business ideas/proposals were pre-selected. A second round of pre-selection was done to enable the applicants and the landscape-level selection panel to meet face to face to discuss and understand their business ideas/proposals. A total of 15 promising green business ideas/proposals were pre-selected by the landscape-level selection panel for further assessment.
Further, a business expert panel was constituted to select the 10 most promising green business ideas/proposals based on priority climate action initiatives that target agriculture/forestry (cocoa-related deforestation), sustainable value chains/productions, sustainable energy usage, and efficiency, and climate-smart finance. The selection was based on the following minimum criteria;
• The legality of the business
• Sustainability of the business
• Involvement of women and youth
• Social acceptability/legitimacy
• Sustainability of sources of raw materials
The 10 selected business ideas/proposals are;
All the above business ideas/proposals will go through business case development and also, bankable business plans are being developed to assess economic feasibility and profitability.