
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
-
Ablekuma North MP donates relief items to flood victims
10 minutes -
AMA presents 997 school desks to improve teaching and learning in public schools
1 hour -
Beyond drains: Susan Adu-Amankwah prescribes lasting solution to Accra floods
1 hour -
GES, UMA-Subika hold reading competitions to boost literacy in Asutifi North
2 hours -
Ashanti Regional Minister, Zoomlion launch sustained sanitation campaign in Ashanti
4 hours -
Muzic Mensah earns four nominations at 2026 Ghana Music Awards USA
5 hours -
2026 U17 WWCQ: Black Maidens snatch late draw in first leg against Senegal
5 hours -
Flood mitigation should be continuous, not a one-off effort – Expert warns
5 hours -
From Tragedy to Triumph: Ghana’s path to flood resilience (A Story of Lessons Learned, Global Inspiration, and a Collective Commitment to a Better Future)
5 hours -
Kristo Asafo dispute centres on my father’s final directives, not inheritance — Adwoa Safo
6 hours -
Kristo Asafo saga: ‘My dad didn’t die intestate; he left a valid will’ – Adwoa Safo
6 hours -
New Eastern Regional Fire Commander tours stations, identifies key operational challenges
6 hours -
Government fully responsible for Accra flooding crisis – Miracles Aboagye
6 hours -
Successive governments have failed to address flooding crisis – Susan Adu-Amankwah
7 hours -
No one can hold title on Ramsar sites – Inusah Fuseini warns against encroachment
7 hours