Ghana's economy strengthens

A recent release by the Monetary Policy Committee of the Central Bank has generated optimistic feelings in the banking and business sectors

GDM holds workshop for SMEs

A six-day capacity building workshop took place on Sunday in Accra for 111 small- and medium-scale entrepreneurs. The participants were individuals, SMEs and civil society organisations with innovative ideas to take up the challenge posed by the...

Small-and medium-sized enterprises bank to be established

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...

Lack of credit confronts SMEs

Lack of credit facilities has been identified as a major constraint confronting small- and medium-scale enterprises (SMEs) in the country. There is the need, therefore, to create an enabling environment that would ensure the provision of affordable...

ADF increases support to African SMEs

The African Development Fund (ADF) has strengthened its support of small- and medium-sized enterprise (SME) development in Africa through a new grant to the African Management Services Company (AMSCO). This grant, amounting to 1.6 million Units of...

Government secures $17m from Siftel to promote SME growth

The government has secured a $17 million fund from the SIFTEL Bank of the United States to support and promote the growth of small- and medium-sized enterprises (SMEs). Deputy Minister of Trade, Industries and Presidential Special Initiatives, Mr...

Government to address SMEs’ weak capital base

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...