With insufficient capital investment in the financial market of Ghana’s economy, the government, through the Ministry of Finance and Economic Planning, is currently setting up a capital fund venture to address the weak capital formation in the country.
The fund, which is expected to form 25% of the national reconstruction levy and managed by a private fund manager, would offer small- and medium-sized enterprises (SMEs) with the needed capital equipment with which to develop.
The Minister of Private Sector Development, Mr. Kwamena Bartels, made the announcement when he opened a two-day regional workshop, organised by the African Leasing Association in collaboration with Africa Project Developing Facility (APDF), on the theme; “The role of leasing in small scale and medium enterprises financing for National Development”, aimed at providing adequate capacity-building and for over thirty staff from SMEs throughout the West African sub-region.
