The Newmont Ahafo Development Foundation has presented a total of GH¢845,000 to four residents of Ntotroso as start-up capital to support their businesses.
The support forms part of the foundation’s efforts to promote entrepreneurship and reduce unemployment within communities affected by mining activities.
Speaking on behalf of the Paramount Chief of Ntotroso during a brief presentation ceremony, Nana Asante Gyambibi said many people in the community struggle to secure capital to either establish or expand their businesses.
According to him, the gesture by the foundation comes as a major relief to residents and demonstrates the commitment of Newmont Ahafo Development Foundation to improving livelihoods in the area.
He noted that unemployment continues to be a challenge in the community despite the operations of Newmont Ghana Gold Limited, but expressed optimism that initiatives such as the business support scheme would help reduce joblessness over time.
Nana Asante Gyambibi also advised the beneficiaries to use the funds responsibly to ensure the sustainability of their businesses and encouraged the foundation to extend similar support to more residents in the future.
Some beneficiaries, including Akosua Gyemfua and Oheneba Adusei Yeboah, expressed gratitude to the foundation for the support.
They assured the foundation that they would comply with the conditions attached to the funds and make productive use of the capital to grow their businesses.
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