GH¢245m already deployed for on-lending by PFIs
GH¢1bn underway in 6-months
10 partnerships undertaken
5 partner financial institutions
Ensuring competitively priced medium-to-long-term financing to support the small and medium-sized enterprises (SME) sector, the Development Bank Ghana (DBG) is leveraging on its capacity and partner financial institutions (PFIs) to de-risk...
The Marketing Queen, a network marketing entrepreneurship pageant aimed at helping mitigate graduate unemployment among females in the country has been launched at the Longrich International office in Accra.
Developed by PGW-GH,a leading marketing partner of Longrich International, a consumer product manufacturing conglomerate, the Marketing Queen pageantry (MQP) is a...
Five women-owned startups in the Technical and Vocational Education and Training (TVET) space have been awarded seed capital of GH₵150,000 to scale-up.
The five startups were selected as winners among 12 finalists from three regions - Greater Accra, Ashanti and Western - as part of the ‘Invest in Her’ TVET...
connecting businesses with investors
Deal Source Africa, a platform dedicated to connecting businesses with investors, has initiated measures aimed at addressing the significant gap in financing for small and medium-sized enterprises (SMEs).
With an aim to facilitate capital-raising for businesses outside traditional banking channels, the platform acts as a matchmaking...
…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...
…a cause for concern
Ghana's recent ranking as the 9th most financially secretive country in Africa, according to the Tax Justice Network's Financial Secrecy Index (FSI) 2022, brings to light the complexities surrounding financial secrecy and its impact on global financial systems. The FSI utilizes a combination of qualitative and...
The resurgent Venture Capital Trust Fund is not only providing financing that ensures the commercial growth and sustained viability of beneficiary SMEs; it is actually establishing a new financial industry that enables SMEs to access equity finance rather than inordinately expensive debt finance. TOMA IMIRHE examines the potential for...
The Bank of Africa (BOA)-Ghana, in partnership with the International Finance Corporation (IFC), a member of the World Bank Group, focused on the private sector in emerging markets, has launched an innovative project to train about 1000 Small and Medium-sized Enterprises (SMEs) across Ghana, with a special focus on...
The Ecobank Group and the African Union Development Agency (AUDA-NEPAD), under its 100,000 MSMEs by 2021 (100K MSMEs), have launched the MSME Academy to provide easy access to practical training and resources on financing opportunities in various countries; how to build a digital presence for businesses; and how to...
… 400,000 businesses seek over GH¢2bn support
Data from the National Board for Small Scale Industries (NBSSI) have revealed that 400,000 businesses seeking a total sum of over GH¢2billion applied to benefit from the NBSSI and Mastercard Foundation Nkosuo loan scheme, whereas only GH¢90million is available to 25,000 Micro, Small...