The National Board for Small Scale Industries, NBSSI, says it is working to launch another SME-focused fund known as the SMEs Grant Support, after the 2020 general elections.
The launch of the fund comes on the back of several incidents of small businesses being destroyed by fire.
The recent was the wares destroyed by fire at the Pedestrian Shopping Centre close to the Kwame Nkrumah Interchange in Accra on November 18, 2020.
But, according to the Executive Director of the NBSSI, Kosi Yankey-Ayeh in a Citi News interview, the fund will help grow and accelerate Small and Medium Enterprises (SMEs) in the country.
She added that, the fund, which will provide financial inclusion, will also aid in strengthening SME institutions.
“I think it is important to note that, really we have, consolidated the gains of the work we are doing even taking into consideration our new Act, the Ghana Enterprises Agency, where there is a whole session of setting up a fund to support businesses in Ghana to provide financial inclusion. After the elections, we even have a fund we are launching, the SMEs grant fund. The goal is to build and accelerate the growth of SMEs in the country,” she said.
The Small and Medium Enterprises Grant Support for high growth is under the Ghana Economic Transformation Project.
Mrs. Yankey-Ayeh further indicated that her outfit will not relent on their efforts to assist businesses to grow beyond the borders of the country.Read Full Story