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The Inclusive Business Initiative in Ghana
In 2023-2024, the German Agency for Development Cooperation (GIZ) commissioned a landscape study on Inclusive Business (IB) and Inclusive Green Business (IGB). The study was undertaken by Dr. Armin Bauer, a development economist, and CDC Consult, a Ghanaian consulting firm. The study involved three (3) major components as specifically, finding, assessing, pre-rating and profiling companies with IB/IGB business lines; developing recommendation for a strategic program in support of IB/IGB companies; and assisting in institutionalizing the policy recommendations. The outcome of the study led to the development of a 10-Point Strategic Program for creating a better enabling environment for IB/IGB and created ownership and support for a private sector led, government owned, development partners supported and multi-stakeholder implemented strategic program in support of IB/IGB companies in Ghana
11 Accredited REAL Inclusive Businesses in Ghana
16 Accredited POTENTIAL Inclusive Businesses in Ghana
10 active Certified
Impact Drives Return (IDR) Business Coaches and Inclusive Business Consultants
Dr. Armin Bauer
Development Economist
Heinz Peter Faust
Entrepreneur
Evelyn Amofa Boateng
Consultant
Osah Thompson-Mensah
Entrepreneur & Strategist
Godfred Darko
Social Entrepreneur
Michael Ato Yorke
Consultant
Mary Magdalene Anwabiri
Entrepreneur
Stefan Engels
Entrepreneur
Theophilus Mensah
AGI
Winston Pappoe
Entrepreneur
IB/IGB Accreditation
48
Weighted Criteria
168
Benchmarks
Accreditation is based on a transparent composite rating tool with 48 criteria and 168 benchmarks, determines the company’s direct (no trickle-down assumption) attribution to social or environmental change in a society.
The composite rating for each company is determined by the average rating by a team certified inclusive business consultants, after which a recommendation is made to the Accreditation Committee. Companies with a scoring above certain eligibility thresholds would qualify as IB/IGB.
The Accreditation Committee makes the final determination for accreditation. Presentation of Accreditation is made during the annual AGI Ghana Industry and Quality Awards.
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Get Accredited
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Does your business have a strong strategic intent for BoP impact?
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is your business commercially viable?
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Do you have data to prove the economic or social or environmental Impact of your business for BoP ?
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Does your business have Innovations relevant to BoP?
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INCLUSIVE BUSINESS
SECRETARIAT
In July 2024, the Association of Ghana Industries (AGI) executed a Memorandum of Agreement with the German Agency for International Cooperation (GIZ) to help institutionalize the Inclusive Business/Inclusive Green Business initiative. A critical component of MoU is the establishment of the Inclusive Business / Inclusive Green Business Secretariat in AGI. The IB/IGB Secretariat is responsible for promoting and overseeing the implementing the of the 10-point strategic recommendations to create an enabling environment for the development of inclusive businesses (IBs) and green businesses (IGBs) in Ghana. The Secretariat together with its partners, is mandate to mobilise funding for the initiative; undertake accreditation for both companies and certified coaches; promote investments into inclusive business through the RRSIF; and lead advocacy for policy initiatives conducive for the development of IBs and IGBs. The activities of the Secretariat are supervised by an independent board composed of representatives government ministries, business associations and accredited inclusive businesses. The board is chaired by the CEO of AGI with the Ministry of Trade, Agribusiness, and Industry as co-chair.
ACCREDITATION COMMITEE
- Representatives of 8 public and private institutions
10-Point Strategic Framework
0 1
Strategic commitment endorsed by government and private sector.
0 3
IB/IGB awareness raising activities through business associations and other stakeholders.
0 5
Certification of Business Coaching and Mentoring facility under an impact-drives-return approach (IDR-BCM)
0 7
Smart and budget neutral incentives for including IB/IGB as dedicated features in existing investment incentives.
0 9
Impact monitoring and reporting at company, thematic and cross-sectoral, as well as program levels.
0 2
Oversight Board, Accreditation Committee, Business Coaching Committee, Investment Committee,
0 4
Official IB/IGB accreditation system, jointly implemented by government and business associations.
0 6
Target IB/IGB in existing SME promotion programs with concrete commitments from multiple stakeholders.
0 8
Risk Reduction and Social Innovation Fund for impact investors (RRSIF) championed by VCTF
1 0
Institutionalize an annual Africa-wide regional exchange between IB/IGB companies and programs in Africa.
Additional Reading
Download files for additional reading on the Inclusive Business (IB) and Inclusive Green Business (IGB) Initiative in Ghana