The government has invested over US$160 million in stimulus packages to cushion the country\u2019s micro, small and medium enterprises (MSMEs) from the devastating impact of the coronavirus pandemic, Chief Executive Officer (CEO) of Ghana Enterprises Agency (GEA), Kosi Yankey-Ayeh, has disclosed.<\/p>\n The government\u2019s prompt intervention, according to Mrs. Yankey-Ayeh, touched the lives of over 600,000 people. Describing the intervention as unprecedented, she said her outfit will not relent in efforts to continue offering support to businesses.<\/p>\n \u201cIt\u2019s no small thing. People come all the time to see what it is that we are doing. Our access to the finance portfolio has increased; we benefitted and touched the lives of over 600,000 people, something that has never really happened in this country before,\u201d Mrs. Yankey-Ayeh added.<\/p>\n Touching on the grant agreement signing, the CEO said GEA will be disbursing about GH\u00a27million to 74 businesses under the grant as part of the government\u2019s continuous efforts to build a resilient MSMEs sector.<\/p>\n \u201cThe funds are expected to hit the accounts of the various businesses within two to three weeks,\u201d she stated.<\/p>\n \u201cWe need to look at different ways of engaging the Ghanaian youth\u2026and that\u2019s supporting the private sector to create jobs. Because if you\u2019re successful, you will create the employment,\u201d she stated.<\/p>\n Building the capacity of 50,000 youth<\/b><\/p>\n Continuing, Mrs. Yankey-Ayeh said the government is further looking at building the capacities of over 50,000 small businesses across the country under the Ghana Jobs and Skills intervention.<\/p>\n The Ghana Jobs and Skills will also be used as a vehicle to support MSMEs to leverage and have access to financing to start or sustain their businesses, she stated.<\/p>\n But to achieve this, Mrs. Yankey-Ayeh said, it will be important for Ghanaians to support the government in its revenue generation efforts \u2013 which includes accepting the E-levy.<\/p>\n \u201cThe work is very big. Where will the government get funding? Through the E-levy to support the work we do. We need to rally support and see what the growth will be.<\/p>\n \u201cWe can\u2019t keep borrowing; we can\u2019t keep taking from other people. We, as a nation, need to work together to do it together.\u201d<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" CEO of the Ghana Enterprises Agency, Kosi Yankey-Ayeh The government has invested over US$160 million in stimulus packages to cushion the country\u2019s micro, small and medium enterprises (MSMEs) from the devastating impact of the coronavirus pandemic, Chief Executive Officer (CEO) of Ghana Enterprises Agency (GEA), Kosi Yankey-Ayeh, has disclosed. The government\u2019s prompt intervention, according to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[4174,3606,4175,290,3429,712,4176],"class_list":["post-975614","post","type-post","status-publish","format-standard","category-business","tag-cushioning","tag-impact","tag-invested","tag-million","tag-msmes","tag-pandemics","tag-us160"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/975614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=975614"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/975614\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=975614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=975614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=975614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"CEO](\"https:\/\/cdn.ghanaweb.com\/imagelib\/pics\/827\/82719894.295.jpg\" "\\"CEO")
CEO of the Ghana Enterprises Agency, Kosi Yankey-Ayeh<\/span><\/span><\/p>\n<\/div>\n