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Press Releases of Monday, 26 February 2024

Source: Tullow Ghana

Tullow partners Innohub to support agribusiness in Ghana

Tullow Ghana Managing Director, Wissam Al-Monthiry Tullow Ghana Managing Director, Wissam Al-Monthiry

Tullow has entered a partnership with Innohub, a leading enterprise business support organisation, to empower small and medium-scale enterprises across Ghana’s agricultural value chain.

The multi-year partnership, known as “Tullow AgriVentures Program (TAP)”, aims to significantly improve employment opportunities, provide training for startups, and foster sustainable growth in the agribusiness sector.

With a focus on creating 1,500 direct and 4,500 indirect jobs, the TAP project will launch 600 new agribusinesses while supporting 30 existing ventures to expand. Through funding, strategic guidance, and skills development sessions, this initiative will also empower entrepreneurs and drive economic progress across Ghana.

In a country where nearly 40% of the population comprises young adults lacking formal education or employment, this initiative presents a unique opportunity for Tullow and Innohub to contribute significantly to Ghana’s high-middle-income transition using agriculture.

Announcing the partnership, Tullow Ghana Managing Director, Wissam Al-Monthiry said: “We are excited to be part of such a transformative project that will put smiles on the faces of many in Ghana. The agricultural value chain has always remained a significant contributor to Ghana’s economic growth, and this project will do a lot to sustain many livelihoods in the sector.”

Julia Ross, Director of People & Sustainability at Tullow, emphasized the transformative impact of collaboration.

"Our partnership with Innohub embodies our commitment to building a brighter future for Ghana. We believe in the power of working together to achieve our goals. The Tullow AgriVentures Programme, I believe, will be an example of a scalable and replicable model that can make Ghana the most innovative, diversified, and thriving economy in West Africa”, he said.

Nelson Amo, Chief Executive Officer of Innohub, echoed this sentiment, highlighting the programme’s focus on shared prosperity and sustainable economic development.

“Our partnership with Tullow is an example of an innovative and long-term
development programme that truly delivers shared prosperity and enhances employability and entrepreneurship for young people. It will also widen the talent pool needed for the growth of small businesses; and contribute to the expansion and development of the capabilities of local companies to generate higher levels of jobs, economic growth, and prosperity”, he said.

The TAP project is part of Tullow's new community engagement strategy, known as
“Accelerating Progress Through Partnerships”.

This involves supporting local communities across its footprints in Africa with relevant expertise, experience, and skills to create a better and sustainable life for the local regions.