Private Sector Development- Integrating Local Content SMEs into Global Value Chains

IATI Identifier: US-EIN-11-3803281-PSD-II
Published in IATI IATI
  • date_range Jan 01, 2020
  • autorenew Implementation (Status)

The World Bank, the Norwegian Agency for Development Cooperation (NORAD), and ACET are collaborating on a program to support private sector development and growth in G20 Compact with Africa countries, starting with Ghana. The project is on the manufacturing sector, given the relevance of manufacturing to economic transformation and the industry’s ability to generate sustainable, explosive growth. To support this agenda in 2020, the ACET program will focus on three work streams: (1) promoting the development of sustainable export processing zones (SEPZ) aligned with Ghana’s industrial policy; (2) supporting local content through the integration of small- and medium-sized enterprises (SMEs) in the global supply chain and value-chains of large enterprises; and (3) supporting the integration of local SMEs in the promotion of SEPZ. Q4 2020 LC-SME Development – Value Chain and Product Space Analysis: Phase one of the study on Product Space Analysis was completed and submitted by the project consultant to the PSD team during the December workshop. The study through the analysis of the product space of Ghana has identified five valuechain/economic activities that have the potential to move local qualified firms more towards backward participation in the global value chain analysis. We also began a Value Chain Analysis of production processes across countries. The field work including interviews started this quarter. LC-SME Development – Coaching/ Mentorship Program: Profiles of proposed mentors and PSD expert advisors were completed this period. The review and final acceptance and signing by senior management is planned for Q1 2021. A lead consultant for SME Support and Technical Assistance coordination for the development of the SMEs has also been engaged. Technical Assistance Partnerships and Research Partnerships: We have recruited a Technical Delivery Partner for firm diagnosis/due diligence and finalizing the plan for development of capacity, systems and structure for SMEs. Engagement with pilot SMEs will start in January 2021 pending full selection of SMEs for the program. ACET has also signed an MOU with the M10 Society to provide technical assistance and expert support. M10 is currently working with our lead consultant on SME Support and Technical Assistance Coordination to pilot the process with one selected SME. Final discussions are ongoing for a research partnership with Cornell University Law School to provide an in-depth study into regulatory provisions on local content, export/economic processing zones and other relevant regulations and their implications. The study will benchmark best practices and lessons from other jurisdictions to engage government and other stakeholders in discussions on policy improvements. The International Senior Lawyers Project (ISLP) has offered to provide expert review on the studies. SME Fund (New) One of the key outputs of the strategy retreat in Q3, was the development of an SME Fund to support SMEs and ensure long term sustainability of the fund. ACET is developing a concept note which expands on two main components of the fund - Technical Assistance and Impact Investment. M10 has been engaged to draft the Fund Thesis to be used to set up the Fund. Q1 2021 (1) Value Chain and Product Space Analysis: Following completion of the Product Space Analysis of the Ghanaian manufacturing sector in 2020, ACET continued with the Value Chain Analysis of production processes. The draft report is in progress. (2) SME Landscape Assessment: A brief assessment of Ghana’s SME landscape was developed to identify constraints to growth, their potential for job creation and assess the types of support available in the ecosystem. The draft report has been prepared and undergoing a final phase of editing. (3) LC-SME Development – Coaching/ Mentorship Program: The SME Mentorship program has been further defined into two sub-programs: • Business Incubator: The Incubator focuses on researching, developing and operationalizing business plans for new products/services to grow SMEs. The program seeks to develop 10 business plans around products and services, some of which will be chosen for scale up. • Business Accelerator: This program will target 10 companies to go through a series of management and technical interventions/support systems aimed at building capacity and investment readiness. We are targeting a higher percentage of brownfield companies, however some greenfield companies working in sustainable sectors such green energy and environment will be also given the opportunity to go through our accelerator programs. To-date the team has identified 28 potential companies and is planning an official launch to accept applications from a wider pool of companies in Q2. Ten companies will be selected to participate in the program. • Currently the team is in the process of procuring a program management firm and a management advisory firm to assist in the diagnostics, advisory and technical assistance of selected firms. SMEs will also have access to seasoned captains of industry and influencers in to inspire, challenge and help open doors for the SMEs in their growth journey. Identification of these mentors has begun.

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Sectors:
  • Reporting Organisation error
    Sector code:
    99 - Reporting Organisation
    Sector vocabulary:
    99 - Reporting Organisation

Participating Organisations

Organisation Name Organisation Type Organisation Role
African Center for Economic Transformation Academic, Training and Research Implementing

Transaction

Transaction Value Provider Receiver Type Date
24,866 USD (Valued at Mar 31, 2021) circle Provider N/A circle Receiver N/A Expenditure date_rangeMar 31, 2021
37,794 USD (Valued at Mar 31, 2021) circle Provider N/A circle Receiver N/A Expenditure date_rangeMar 31, 2021
2,390 USD (Valued at Dec 31, 2020) circle Provider N/A circle Receiver N/A Expenditure date_rangeDec 31, 2020
140 USD (Valued at Dec 31, 2020) circle Provider N/A circle Receiver N/A Expenditure date_rangeDec 31, 2020
2,512 USD (Valued at Dec 31, 2020) circle Provider N/A circle Receiver N/A Expenditure date_rangeDec 31, 2020
13,288 USD (Valued at Dec 31, 2020) circle Provider N/A circle Receiver N/A Expenditure date_rangeDec 31, 2020
9,051 USD (Valued at Dec 31, 2020) circle Provider N/A circle Receiver N/A Expenditure date_rangeDec 31, 2020
65,906 USD (Valued at Dec 31, 2020) circle Provider N/A circle Receiver N/A Expenditure date_rangeDec 31, 2020
13,025 USD (Valued at Sep 30, 2020) circle Provider N/A circle Receiver N/A Expenditure date_rangeSep 30, 2020
15,606 USD (Valued at Sep 30, 2020) circle Provider N/A circle Receiver N/A Expenditure date_rangeSep 30, 2020
33,421 USD (Valued at Sep 30, 2020) circle Provider N/A circle Receiver N/A Expenditure date_rangeSep 30, 2020
7,787 USD (Valued at Jun 30, 2020) circle Provider N/A circle Receiver N/A Expenditure date_rangeJun 30, 2020
19,112 USD (Valued at Jun 30, 2020) circle Provider N/A circle Receiver N/A Expenditure date_rangeJun 30, 2020

Budget

232,806 USD
26,630 USD (Valued at Jun 30, 2020) date_range Apr 01, 2020 - Jun 30, 2020
51,326 USD (Valued at Sep 30, 2020) date_range Jul 01, 2020 - Sep 30, 2020
92,350 USD (Valued at Dec 31, 2020) date_range Oct 01, 2020 - Dec 31, 2020
62,500 USD (Valued at Mar 31, 2021) date_range Jan 01, 2021 - Mar 31, 2021
access_timeUpdated on Jul 05, 2021 13:51:43
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