The recent conclusion of the West Africa Competitiveness Programme (WACOMP) has provided notable support to over 31,000 women-owned small and medium-sized enterprises (SMEs) in Ghana. Funded by the European Union with a budget of €6.35 million and implemented by the United Nations Industrial Development Organisation (UNIDO), this five-year initiative focused on enhancing the competitiveness of industries like cassava, mango, pineapple, cosmetics, and personal care. WACOMP not only facilitated market access but also connected over 500 SMEs to financial institutions, enabling them to secure credit up to GH¢4 million.
During the closing ceremony in Accra, the EU Ambassador to Ghana, Irchad Razaaly, highlighted the project’s impact on Ghana’s business landscape, stating it has set a foundation for sustainable growth and prosperity. This initiative has also strengthened local production standards, with new quality standards developed and ISO 17025 accreditation granted to Ghanaian institutions, paving the way for exports in sectors like cosmetics and food.
UNIDO’s Project Manager, Ebe Muschialli, praised the program’s outcomes, attributing success to partnerships with local entities and the Ministry of Trade and Industry.
