Audio By Carbonatix
Government has revealed plans to roll out a GH¢10 million fund for women entrepreneurs.
The fund which is under the supervision of the Ministry of Business Development is to serve as a source of funding for only women in entrepreneurship.
Entrepreneurs from all ten regions of the country will benefit from this fund. The maximum capital that can be acquired from the fund is GH¢10,000 with a maximum interest rate at 10 percent.
Speaking at the Women Entrepreneurship Conference organized under his ministry, Minister for Business Development, Ibrahim Mohammed Awal explained that women are often marginalized hence the creation of the fund.
‘‘Most women don’t have houses to show as collateral. So this fund is to help start-up businesses as well as already existing businesses. The main essence is to create more jobs through these entrepreneurs,” he said.
Also speaking at the conference, the Second Lady, Samira Bawumia called for more investments in women.
She said, “There is a need to focus on the contributions women make to accelerate development and inclusive growth. Women reinvest in their communities and families and empower people, therefore the need to empower and invest in them.”
Currently, the Ministry is assessing entries from several entrepreneurs across the country before it approves their loans.
The module of disbursement and assistance from the fund will be made known after the fund is launched in April this year.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
FWSC disputes GAUA’s claims over allowances, rejects comparison with lecturers
50 seconds -
Volta Regional Minister donates tricycles to HTH
9 minutes -
Akatsi South manages 608 hypertension cases amid rising NCD burden
13 minutes -
TMA asserts exclusive planning authority in Tema
18 minutes -
NRSA probes ‘aboboyaa’ link to Ofankor crash that killed 12
24 minutes -
Aksa Energy bribery scandal: Public inquiry will expose, shame culprits – Manhyia South MP
28 minutes -
CAPCOE rejects claims of deliberate bias against private schools in 2026 BECE
33 minutes -
Akatsi South records 177 teenage pregnancies in six months
33 minutes -
Dr Zakari calls for safe spaces to address youth mental health challenges
41 minutes -
Political parties urged to guard against foreign manipulation of information
45 minutes -
BoG Governor urges banks to deepen financing for SMEs, agriculture
51 minutes -
Nigeria faith leaders sign peace accord months after Trump remarks
1 hour -
If implemented to the letter, 24-Hour Economy will be a game changer – AGI
1 hour -
24-Hour Economy must go beyond slogans – AGI President demands concrete action
1 hour -
US says dozens of countries helped China dodge Trump’s tariffs
2 hours