Myjoyonline News
 Home Page
 General News
 Business
 Politics
 Sports
 Health
 Education
 Articles/Features
 Science & Technology
 Entertainment
 Travel/Tourism
 Africa & International
 Nations Cup 2008
 
 
First Exporters Forum held in Accra
Previous Page
 
 
 
 
 
 
Government has released 108 million dollars towards the implementation of the Micro Small and Medium Enterprises (SMEs) project to provide strategic interventions to address major constraints that affect the sector.

The project seeks to provide requisite funding facilities and technical support to SMEs that would improve their area of work.

Deputy Minister of Trade, Industry, Private Sector Development and Presidential Special initiative, Mrs Gifty Ohene Konadu disclosed this at the first Exporters Forum in Accra on Wednesday.

The project with the support of the World Bank Group would demonstrate government commitment to meet critical production requirement of small companies she said.

This, she said, had become possible because evidence had shown that small companies were still not able to access funds due to poor record keeping, failure to meet repayment schedules among other challenges.

She appealed to exporters to improve their record keeping in order to meet the conditions required to access institutional funding and commended them for their contribution towards the export development in Ghana.

Mr Edward Collins Boateng, Executive Secretary of the Ghana Export Promotion Council assured the exporters of the Council's support in helping them penetrate the international markets as well as the growth of their industry.

Plans, he said, were ongoing to open a one-stop Ghana house in South Africa, where Ghanaians export their wares.

Mr Mawuli Agboka of Export Marketing and Quality Awareness Project (EMQAP) told the forum that rehabilitation of the 300 metric tonnes food shed at the Kotoka International Airport was near completion. The shed is about 4000 square meters and fully refrigerated.

He said it was yet to be commissioned because it needed a transformer for it operations, which was not yet available.

Funds for the project was made available from the Millennium Development Authority (MIDA), the authorized body for administering the Millennium Challenge Account (MCA).

MIDA was also in the process of releasing funds for the building of a perishable centre to augment the Food shed product.

Exporters at the forum asked government to remove bottlenecks that made their work difficult and frustrating.

They said most of the bottlenecks were purely administrative issues, which could be easily dealt with and ask that where necessary, the right things should be done to make their work easier.

Source: GNA



       

 
  Popular Stories


Search Our Website
 
 
 
OTHER BUSINESS STORIES
   Cargill Ghana cocoa plant to start in Nov
   Fishermen accuse government of deceit
   Ghanaian manufacturing sector is unprotected
   SSNIT demands social security for domestic servants and apprentices
   Barclays Bank appoints new MD
   AngloGold ordered to pay 275 transfered workers
   FDI up by 702%
   July Producer Price up 5.3%
   Tullow will boost investment 30% on Ghana project
   Ghana to host Aid Effectiveness Forum
   Fuel cost eases congestion
   Graphic outdoors new business paper
   NLA stings private lotto operators more - say GLOA's claim false
   Stock: Accra bourse index rises
   Fisheries Ministry denies foreign vessels engage in pair trawling