Mr Alan Kyeremanten, minister of trade, industry and president's special initiatives (PSI), on wednesday announced that plans were afoot to establish a small-and medium-scales enterprises bank (SME Bank) to adequately take care of the financial needs of SMEs in the country.
He noted that though SMEs provided a real anchor and base for the industrialisation and economic development of the country, not enough attention had been given to its development and promotion, saying that the Government was now ready to establish a bank exclusively dedicated to providing long term financing and capital for SMEs.
The minister said this in a speech read on his behalf by Mr Francis Osei Kusi, director of investment and finance at the ministry, during the press launch of a two-day SME fair being organised by the Ghana Industrial and Commercial Estates Limited (GICEL), a subsidiary of the Social Security and National Insurance Trust (SSNIT), in collaboration with the Ministry....
