
Audio By Carbonatix
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
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
-
‘I’m Obroni in every country’ – Coco Blasian on music, survival and making Accra home
19 seconds -
IMANI wants NIC to probe possible conflicts of interest in reinsurance arrangements
12 minutes -
First Atlantic Bank strengthens balance sheet as net interest income surges 67%
16 minutes -
Choplife Gaming donates to Korle Bu Radiotherapy unit for Women’s Week 2026
18 minutes -
Would President Mahama have reduced cocoa prices if this were an election year ? – Annoh Dompreh asks
21 minutes -
Climate change, pollution and overfishing push White Volta fishermen to the brink
21 minutes -
IMANI demands review of SIGA directive steering SOEs toward SIC placements
27 minutes -
Climate change and pollution threaten livelihoods of White Volta fishermen
34 minutes -
First Atlantic Bank targets regional growth and digital expansion in 2026
38 minutes -
Bond market: Turnover surges 559.42% to GH¢2.49bn
41 minutes -
Dagomba line residents begin rebuilding after Easter Monday inferno
42 minutes -
ECG substation upgrade exercise: parts of Accra to experience power outages
46 minutes -
IMANI petitions Mahama over alleged procurement breaches in state insurance placements
51 minutes -
First Atlantic Bank posts strong 2025 results as profit surges 30.5%
54 minutes -
Maguire signs contract extension with Man United
56 minutes