Through the partnership, grant support of US$20 million (cedis equivalent) has been earmarked for the flagship SME High Growth Programme, targeting SMEs nationwide for general training, capacity upgrades, consulting, and financing. The Grant Programme’s support is expected to help 2,000 SMEs to become investment ready, capable of attracting both local and foreign capital into their businesses, increase sales and more importantly build their capacities to export and culminate into job creation and job sustainability.
“It is designed to provide training and capacity building necessary to lead to the operational efficiency of the enterprises, boost their competitiveness and scale up their operations for further job creation,” Mrs Kosi Yankey-Ayeh, Chief Executive Officer of GEA said at the launch.
She said the programme would provide the SMEs with all the relevant tools in Business Development, including digital marketing tools necessary to enable them to take advantage of the African Continental Free Trade Area.“This makes the programme design very relevant to the vision of His excellency Nana Addo Dankwa Akufo-Addo for SMEs through the GEA, that is to optimize their potential to enable them to contribute meaningfully to the growth and development of the national economy and poverty reduction.
The main objective is to provide these SMEs with liquidity to enable them to readjust and bounce back to profitable businesses that contribute meaningfully to Ghana’s overall economic growth.
The Minister reiterated the Government’s commitment to fully implement all initiatives under the Ghana Economic Transformation Project, including the Grant Programme, for the full benefit of SMEs across the country.
She encouraged all beneficiaries to use the grant received for the intended projects to grow and expand their operations.
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