Deadline: 30-Apr-21
The Facility « Investing for Employment » launches its first call for proposals in Ghana to support the creation of employment opportunities in Africa. It offers co-financing grants for new investment projects with a high job creation impact.
The Facility « Investing for Employment » is an investment mechanism for employment, providing competitive grants to co-finance public or private projects in its eight partner countries in Africa, including Ghana.
The selection of projects is based on a competitive application process, looking for an optimal allocation of available funding to projects with the highest plausibility of success and expected return in terms of the number and quality of new jobs created.
IFE is part of the Special Initiative on Training and Job Creation of the German Federal Ministry for Economic Cooperation and Development (BMZ). Operating under the brand Invest for Jobs, the Special Initiative aims to create good jobs and apprenticeships and to improve working conditions in its partner countries in Africa.
The Facility’s ambition is to promote the labour market in Ghana by providing financial and technical support to project leaders in order to boost the economy, generate long-term jobs and encourage continuous training.
This proposal seeks applications for four types of projects:
- Public Infrastructure for job creation – not-for-profit (up to 90 % of the cost)
- Common service for job creation – not-for-profit (up to 75 % of the cost)
- For-profit-projects that foster direct job creation, and have broader benefits/impacts that are not limited to the project owners (up to 50 % of the cost)
- For-profit-projects that foster direct job creation by the project owners (up to 25 % of the cost)
Funding Information
- Grants range from 1 million to 10 million euros per project.
- The applicant is obliged to contribute own funds to complete the project finance. The level of co-financing depends on the type of project.
Who is eligible?
- Individual applicants (legal entities registered in Ghana).
- Consortia (two or more legal entities, with at least one registered in Ghana).
For more information, visit https://invest-for-jobs.com/en/news/the-facility-investing-for-employment-launches-its-first-call-for-proposals-in-ghana