{"id":140866,"date":"2024-01-19T08:46:03","date_gmt":"2024-01-19T08:46:03","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/01\/19\/10-subsidised-interest-rate-for-women-owned-companies-under-afcfta-ashanti-regional-director-of-moti\/"},"modified":"2024-01-19T08:46:03","modified_gmt":"2024-01-19T08:46:03","slug":"10-subsidised-interest-rate-for-women-owned-companies-under-afcfta-ashanti-regional-director-of-moti","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/01\/19\/10-subsidised-interest-rate-for-women-owned-companies-under-afcfta-ashanti-regional-director-of-moti\/","title":{"rendered":"10% subsidised interest rate for women-owned companies under AfCFTA \u2013 Ashanti Regional director of MoTI \u2013"},"content":{"rendered":"<p><\/p>\n<div>\n<p><strong>The Ashanti Regional Director for the\u00a0Ministry of Trade and Industry\u00a0(MoTI), Mamuda Osman, has revealed that\u00a0women-led\u00a0businesses\u00a0that register under the\u00a0African Continental Free Trade Agreement (AfCFTA), will receive a 10 percent subsidy on bank loans interest payment.<\/strong><\/p>\n<p>This, according to Mr. Mamuda, is part of\u00a0government\u00a0efforts to facilitate women\u2019s participation in exporting their goods and services to other African markets under the AfCFTA programme.<\/p>\n<p>Mr. Mamuda stated that the next\u00a0Africa\u00a0Union (AU) gathering will see to it that specific protocols earmarked for women are enacted. He was giving the keynote lecture at the Ghana National Chamber of Commerce\/GIZ Trade Hub conference for GNCCI Women in\u00a0Kumasi.<\/p>\n<p>\u201cThe AfCFTA agreement recognises the important role that women-led businesses play and the challenges most of these women face in their day-to-day activities. Therefore, a special protocol has been created for Women and\u00a0Youth-led businesses that have been negotiated to facilitate trade for women and youth. It will be adopted in the next AU meeting for operationalisation,\u201d said Mr. Mamuda.<\/p>\n<p>He emphasised the need for more women to become entrepreneurs and to be willing to explore virtually any kind of\u00a0business\u00a0opportunity.<\/p>\n<p>\u201cTheir role is vital because advances in economic development require business activities exhibiting both dynamism and stability \u2013 which are characteristic of successful women entrepreneurs in Ghana. Above all, it is important to recognise that the success of one female-owned business has a positive bearing on the success of many other lives.<\/p>\n<p>\u201cIt is therefore worth the call for a deliberate effort to include women in making AfCFTA work. This, I believe, will have a strong positive impact on our country\u2019s socio-economic development. This is because successful women-led businesses can help reduce female dropouts in school and women\u2019s over-reliance on men for daily survival,\u201d he explained.<\/p>\n<p>According to Mr. Mamuda, for businesses to compete more successfully in the continental and international markets, they must pursue excellence, build core competencies, and gain confidence in this period of intense\u00a0competition\u00a0mixed with aspects of globalisation and liberalisation.<\/p>\n<p>The first vice president of the Ghana National Chamber of Commerce and Industries (GNCCI), Victoria Hajar, on her part, emphasised the importance of prioritising\u00a0inclusivity\u00a0and sustainable socio-economic development to fully realise the benefits of increased intra-African trade under the AfCFTA.<\/p>\n<p>She recognised a few ongoing issues that women in business continue to confront, such as discrimination, limited access to trade information and resources, and limited access to education. She did not, however, hesitate to remark that the AfCFTA had tremendous potential for utilising women\u2019s strengths.<\/p>\n<p>To this end, the Chamber dedicated 2023 to ensuring gender inclusivity while highlighting the significance of realising gender-related policies under the AfCFTA.<\/p>\n<p>3news.com<\/p>\n<p><!-- AI CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Ashanti Regional Director for the\u00a0Ministry of Trade and Industry\u00a0(MoTI), Mamuda Osman, has revealed that\u00a0women-led\u00a0businesses\u00a0that register under the\u00a0African Continental Free Trade Agreement (AfCFTA), will receive a 10 percent subsidy on bank loans interest payment. This, according to Mr. Mamuda, is part of\u00a0government\u00a0efforts to facilitate women\u2019s participation in exporting their goods and services to other African [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":140867,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-140866","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>10% subsidised interest rate for women-owned companies under AfCFTA \u2013 Ashanti Regional director of MoTI \u2013 - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/01\/19\/10-subsidised-interest-rate-for-women-owned-companies-under-afcfta-ashanti-regional-director-of-moti\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"10% subsidised interest rate for women-owned companies under AfCFTA \u2013 Ashanti Regional director of MoTI \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The Ashanti Regional Director for the\u00a0Ministry of Trade and Industry\u00a0(MoTI), Mamuda Osman, has revealed that\u00a0women-led\u00a0businesses\u00a0that register under the\u00a0African Continental Free Trade Agreement (AfCFTA), will receive a 10 percent subsidy on bank loans interest payment. 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