Chairman-Krif Ghana Limited, Rev. Kennedy Okoson, has reiterated that credit cost remains a critical impediment to the growth and expansion of small and medium-scale enterprises (SMEs) in the wholesale/retail and supply chain industry. To overcome the credit crunch challenge facing local businesses, he underscored the need for supplier credit -...
The National Board for Small Scale Industries (NBSSI) has launched an incubator programme in partnership with the Strategies to Promote Innovative Networks (SPINnet)—Garment and Textiles Cluster to groom and accelerate entrepreneurs and small-scale businesses in the garments and textiles sector. The NBSSI/SPINnet Incubator Programme will train existing and potential start-ups...
The US$50million Oasis Africa Venture Capital Fund has officially been launched to support Small and Medium Enterprises (SMEs). The fund has the capacity to invest between US$500,000 to US$5million in one investee. At a short but impressive ceremony, Matteew Boadu Adjei, Chief Executive Officer of Oasis Capital, a growth capital...
The National Board for Small Scale Industries (NBSSI) says one of the challenges it has faced since commencing distribution of the stimulus package under the Coronavirus Alleviation Programme (CAP) business support scheme is complaints of funds’ shortfalls. According to the NBSSI, a quick investigation into the complaints revealed that the...
A total of 83 agricultural entrepreneurs from the Ashanti and Western Regions have graduated from a General Agriculture Certification programme at Kwadaso Agricultural College (KAC) in the Ashanti Region. The beneficiaries are beneficiaries of SNV Ghana’s Basic and Advanced Skills training under its Opportunities for Youth Employment (OYE) Programme, which...
…targets to reduce unemployment by providing 1 million jobs Government has opened the portal for the YouStart Ghana Jobs and Skills programme as part of its agenda to build an entrepreneurial nation. The ambitious GH¢10 billion programme seeks to support young entrepreneurs to gain access to capital, training and technical...
Addressing the funding gap for small and medium sized enterprises (SMEs), the Development Bank Ghana (DBG) is prepared - based on an innovative model - to provide competitively priced loans through partner financial institutions for on-lending, Chief Executive Officer (CEO) of the Development Bank Ghana (DBG), Kwamina Duker, has...
As the year 2022 came to a turbulent end globally, 2023 started on the same or an even higher note - and the International Monetary Fund (IMF) has warned of a global recession hitting more than one-third of the world’s economy in 2023 amid tougher economic times. In Ghana, the...
Th continues to extend its unflinching support to growth of the Ghanaian Micro, Small, Medium Enterprise (MSME) sector, providing over GH¢28million to 89 SMEs under the COVID-19 Response Grant Programme. They are the third batch of beneficiaries under the programme, which is a component of the Ghana Economic Transformation Project...
Owing to the growth prospects of tech-focused start-ups, they will increasingly remain an investment bright spot, Vice President responsible for Legal and Strategy at the Ghana Fintech and Payments Association, Richard Nunekpeku, has observed. Despite estimates by management consultant Mckinsey and Company that Ghanaian fintech revenues could reach US$18.6-billion by...