The Deputy Minister for Trade and Industry has commended businesses, particularly Small and Medium Enterprises (SMEs) that operate in the country
Delivering a keynote speech at the Ghana Social Enterprise Forum on Friday, Herbert Krapa said that SMEs are the core drivers of the economy.
"Businesses, and in particular SMEs here in Ghana, are the core of our economy," he said.
According to him, although hit by challenges and a number of limitations, they continue to impact the lives of Ghanaians.
“They create employment; they fuel economic development; they export, they develop skills; they expand our tax base; they drive innovation and industrialisation, and they do so much more. Yet, owing to systemic challenges, these small businesses are rather the most vulnerable in challenging times,” he added.
As a result, he advocated for SMEs to be invested in, adding that SMEs will continue to deliver more outcomes when supported.
“We have a responsibility today, to advance an economic agenda that is broad enough to capture everyone in its way.
"We have close to two million Small and Medium Enterprises, who significantly generate about 70% of GDP, accounting for approximately 80% of all employment.
"But, under the wrath of conflict and pandemic, most of these firms have faced the most difficulty surviving," he lamented.
Latest Stories
-
GPL: Berekum Chelsea beat Medeama to go fifth
37 seconds -
Debt Restructuring: Government to reach agreement with IPPs in May
18 mins -
It’s time for Ghana to move from NPP and NDC – Abu Sakara insists
25 mins -
NCCE launches 2024 Annual Constitution Week in Kumasi
28 mins -
Dumsor: Yvonne Nelson criticises Akufo-Addo for taking Ghanaians for granted, proposes another vigil
30 mins -
GFA appoints Zito, Preko and Amadu to take charge of newly created male national teams
38 mins -
Government committed to enhancing the condition of roads in Kumasi – Asenso-Boakye
1 hour -
Today’s front pages: Tuesday, April 23, 2024
1 hour -
Siblings remanded over alleged missing penis
1 hour -
174 countries to gather in Ottawa for pivotal talks on plastic pollution
1 hour -
6 tiny tricks that make you immune to disappointment
1 hour -
Dumsor: Energy sector needs a leader, says Nana Amoasi VII
1 hour -
Reality zone with Vicky Wireko: Ending malaria: Optimism as world marks Malaria Day
1 hour -
Frema Opare supports Asanteman queen mothers with GH¢200k donation
5 hours -
Government is committed to connecting every region with rail line – Peter Amewu
5 hours