Dubbed ‘Escaping Poverty (EP)’ it targets 7,600 households in 14 districts in the Ashanti, Brong Ahafo, Northern and Upper East regions.
The project is being implemented by Innovations for Poverty Action (IPA) and Heifer Project International Ghana, both non-governmental organisations, to support beneficiaries with livestock and funds.
Speaking at a ceremony to commence the project, Country Director of IPA, Mr. Loic Watine, noted that various components of the project included offering a one-time asset transfer, consumption support, technical training and regular coaching to beneficiaries.
Beneficiaries would be given GH¢28 weekly for six months, to prevent them from selling their stock.
They would benefit from free National Health Insurance Scheme (NHIS) in addition.
He said many programmes designed to provide households with either credit or training to alleviate poverty had not been successful due to lack of capital.
That, he said, had compelled many international and local non-governmental organisations to renew their support for the programme which fostered a transition to more secured livelihoods.
Roland Kanlisi, Country Director of Heifer Project International, said the method of selecting the poorest members of the beneficiary communities were based on their wealth.
He said the project team conducted a participatory wealth-ranking on the lives of residents in communities to ensure that the right people benefited from the project.
Mr. Kanlisi said IPA would lead the research component, while the livelihood component would be led by Heifer Project International.
By Bernard Benghan & Dinah Twumasi