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November 22nd , 2024

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GOVERNMENT INFUSES ?520M INTO MSMES

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Government infuses ¢520m into MSMEs

CEO of the Ghana Enterprises Agency, Kosi Yankey Ayeh, has revealed that about ¢520 million have been put into the Micro, Small and Medium-scale ventures area over the most recent three years.

 

As indicated by her, this has had the option to raise some area players higher than ever of their organizations.

 

Talking at the send off of the 67 Business Resource Centers in Accra, she said, the mediations over the most recent couple of years have prompted an expansion in work for business visionaries arranged inside the SMEs.

 

The BRCs are a one-stop venture support focus at the region level intended to give an expansive scope of Business Development Services (BDS) to potential and existing business visionaries and endeavors. They have been laid out by the Ministry of Trade and Industry through the Rural Enterprises Program (REP).

 

"MSMEs, I accept you will concur with me that, the area is the foundation of the Ghanaian economy. Of the assessed 2.1 million organizations in the Ghanaian, around 1.7 million can be named miniature endeavors. These organizations utilize generally 2.5 million individuals or 30%, inferring a normal of one to two positions made by miniature endeavors."

 

"MSMEs additionally offer more than 75% of Ghana's GDP. This year through the work of the Minister of Trade and Industry, over ¢520 million have been infused into the MSMEs area with the acquaintance of numerous drives with help their activities and scale them up" she told the get-together.

 

The Minister of Trade and Industry, Alan Kyerematen, formally sent off the BRCs as an establishment of the Ghana Enterprises Agency, oversaw and worked under an establishment game plan.

 

The event was utilized to sign a Memorandum of Understanding (MOU between GEA as the franchisor and REP, the franchisee to regularize the tasks.

 

The production of the BRCs was mostly upheld by the African Development Bank, International Fund for Agricultural Development (IFAD) through the Rural Enterprises Program.

 

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