…as they advocate deliberate support A breakfast meeting that hosted numerous top chief executive officers (CEOs) and business leaders has successfully ended with participants advocating support for small and medium-sized enterprises, in a bid to fully unlock the sector’s untapped potential and spur the ongoing economic recovery process. More importantly, they...
In the landscape of Ghana's economy, Small and Medium-sized Enterprises (SMEs) are pivotal. As we approach the last quarter of the year, these enterprises stand at a critical juncture, poised to leverage the promises of the 2024 budget for sustainable growth and profitability. Harnessing Government Initiatives The 2024 budget, with its...
Fidelity Bank Ghana, the largest privately-owned financial institution in the nation, and the Food and Drugs Authority (FDA) have formalised their dedication to promoting a collaborative environment conducive to the growth and regulatory compliance of small- and medium-sized enterprises (SMEs). They achieved this by signing a Memorandum of Understanding...
…as they do not foresee positive impacts As the finance minister Ken Ofori-Atta readies to present the 2024 Budget Statement and Economic Policy of the government today, November 15, 2023, the general mood of small businesses and young entrepreneurs is that of hopelessness. One would have expected that businesses will be...
Experts have iterated the need for entrepreneurs especially those in the micro, small, and medium-sized enterprises landscape to formalise their businesses to enhance access to funding opportunities. Chief Executive Officer of Innohub, Nelson Amo, said entrepreneurs must prioritise proper documentation and prove financial viability as it is one of the...
The Managing Director of the West Africa Mills Company, (WAMCO), Frank Bednar, has encouraged Small and Medium Enterprises (SMEs) to make regulatory compliance and safety issues utmost in their production line. "Customers tend to trust such enterprises because they know they are following quality standards and are using materials that...
…Strategies for financial success in business Budgeting and expense control are two cornerstones of financial management that can significantly impact the success and sustainability of any business. Effective budgeting allows you to plan your finances, allocate resources efficiently, and achieve your financial goals. Expense control ensures that your business operates...
Twenty-two small and medium enterprises (SMEs) under the SNV Boosting Green Employment and Employment Opportunities in Ghana (GrEEn) project have ended a four-day tour to some industries in the Western Region. Dubbed the Business to Business (B2B) tour, it was supported by the Association of Ghana Industries (AGI) and Duapa...
Seven female-led micro, small and medium-sized enterprises (MSMEs) have successfully secured US$2million in funding from private high net-worth individual (HNI) investors. Announcing this during the Women Entrepreneurship for Africa (WE4A) project’s conclusion in Accra, Juanita Addo, CEO-Hyma Academy, revealed that four additional enterprises secured a €120,000 grant while ten more...
Small and medium scale enterprises (SMEs) have been urged to take advantage of the African Continental Free Trade Area (AfCFTA) by seizing external market opportunities. This, according to panellists at the recent 12th Ghana Economic Forum organised by the B&FT, will help boost local production and reduce overdependence on imports,...