The Facility « Investing for Employment » launches its 1st Call for proposals in Ghana on 1 April 2021
The Facility « Investing for Employment » (IFE) aims to support the creation of decent employment opportunities in Africa. It does so by offering co-financing grants for new investment projects with a high job creation impact. IFE will officially launch its first call for proposals in Ghana on Thursday 1 April 2021.
The Facility « Investing for Employment » (IFE) 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.
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: Côte d'Ivoire, Egypt (in preparation), Ethiopia, Morocco, Rwanda, Senegal, Tunisia and Ghana.
IFE ambition is to promote the Ghanaian labour market by providing financial and technical support to project leaders in order to boost the economy, generate long-term jobs and encourage continuous training.
The first call for proposals in Ghana will be launched on 1 April 2021 at 5 pm CET, seeking applications for four types of projects:
- Public Infrastructure for job creation (covers up to 90 % of the cost)
- Common service for job creation (covers up to 75 % of the cost)
- Projects that foster direct job creation which have benefits/impacts more broadly than solely for the project owners (covers up to 50 % of the cost)
- Projects that foster direct job creation by companies (covers up to 25 % of the cost)
Green economy is also one of the key elements that applicants will have to take into account. Official statistics on green jobs in Ghana are not available, yet young people in this West African country have many creative ideas in this regard. The IFE aims to support the creation of green jobs in Ghana and to foster the initiation of projects in this area.
IFE grants range from 1 million EUR to 10 million EUR. The applicant is obliged to contribute own funds to complete the project finance.
IFE invites companies and other interested organisations, whether public or private, as well as consortia to submit concept notes as soon as the call for proposals opens on 1 April 2021 at 5 pm CET.MORE INFORMATION