The IB/IGB Lansdcape Study

The German Agency for International Cooperation (GIZ) (link to page 5.5) commissioned a landscape study on Inclusive and Green Business in Ghana. The study 

• (a) clarifies the IB/IGB concept in the Ghana context, 
• (b) identifies and profiles companies with IB/IGB business lines, 
• (c) develops strategic recommendations to establish a support program for such firms, and (d) builds ownership and commitment to institutionalize the support program. The study is in cooperation with the Ghana Enterprises Agency (GEA) (link to page 5.6). 

It is conducted between November 2023 and January 2025 by a consulting team under CDC Consult (Nana Yaw Amponsah Boadu and Babilo Mahamma, Juanita Djoleto, Lord-Lucas B. Vodzi) and an international expert (Dr. Armin Bauer). 

On the company side, 15 companies were identified for the first IB/IGB accreditation. They had in  2023 a consolidated revenue of GhC 988 million and a total social reach of 1.9 million poor and low-income people (2.7 million people in total). By 2030 the companies are projected to grow their revenue to GhC 1.883 million and their social reach to 2.9 million BoP (and 4.5 million in total) people. Imagine how much more can be achieved for the poor and for Ghana, when the IB/IGB initiative is upscaled.

On the policy side the consultant team interviewed 38 organizations from government, business associations, impact investors, business facilitators and development partners,  held four stakeholder workshops and various seminars (link to page 5.2), and developed recommendations for a strategic program (link to page 4.1) to create a better enabling environment in support of IB/IGB . The program was discussed in the first Ghana IB/IGB Forum (link to page 5.3),

For institutionalizing IB/IGB support GIZ and the Association of Ghana Enterprises (AGI) (link to page 5.4). concluded a Memorandum of Understanding to do the first IB/IGB accreditation and award, as well as help institutionalizing the program (link to page 4.2) and building further ownership with government and business associations. AGI will also be the proposed chair of the Secretariat for implementing the IB/IGB program from 2025 onwards.

The study will be published in February 2025 and you can download it here (we will establish the link once published).