An African American family has instituted a 5,000 dollar-micro credit scheme for Liberty Specialist Institute, a private vocational school in Koforidua.
The fund is to grant small loans to graduates of the Institute after they have completed their own businesses.
Launching the scheme, known as 'Adom Aba', US-based Ms Sharon Stewart, said the scheme was their contribution, as people with Ghanaians descent, toward the empowerment of women in the society.
She said her mother who suffered discrimination and had no access to formal education was the brain behind the scheme to ensure that women became economically emancipated.
Ms Stewart appealed to beneficiaries of the facility to pay back so that others would also benefit from it.
The proprietress of the Institute, Rev Mrs Edna Ametameh, noted that skills acquired by its products were not being put to use because of lack of capital money and commended the initiators of the credit scheme.
She advised the graduating students not to wait for formal sector jobs they should take opportunity of the credit scheme to start their own small businesses.
The out-going Eastern Regional Minister, Mr Yaw Barimah, said small businesses under the private sector was about 70 percent and there was the need therefore for micro loan schemes to facilitate those in that sector.
He said in recognition of that, the government had established the Micro Assistance and Small Loans Centre and other credit schemes to facilitate the small-scale enterprises.
He advised beneficiaries of the loan facility to use the money on income-generating activities to enable them pay back and to justify donors' trust in scheme.