The Ghana Investment Promotion Centre is warning the public against dubious business development and funding advertising on social media platforms.

In a statement, the GIPC said “the attention of the Centre has been drawn to a dubious funding programme for Small and Medium Scale businesses, as captured in a Google Docx file, making rounds on social media”.

It pointed out that the said programme, which encourages interested businesses to submit key company details for fund distribution, is claimed to have been initiated by GIPC in partnership with the Ministry of Finance and the African Development Bank.

“The Centre by this issue, wishes to inform the general public that it has not sanctioned any such arrangement to distribute funds under the tag ‘Business Development and Funding Program for SMEs’, as being spread”.

“For avoidance of doubt, all GIPC-initiated programs aimed at supporting/incentivizing businesses, such as the Youth Entrepreneurship Program and Ghana Club 100, are/will be rightfully communicated via the Centre’s official channels (website – gipc.gov.gh; social media – gipcghana on Instagram/Twitter/YouTube & Ghana Investment Promotion Centre; on LinkedIn and Facebook) We therefore advise the general public to disregard the dubious notice in circulation, and exercise caution in this regard”, it added.