{"id":229773,"date":"2024-10-10T19:28:20","date_gmt":"2024-10-10T19:28:20","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/10\/10\/smes-support-initiatives-unveiled\/"},"modified":"2024-10-10T19:28:20","modified_gmt":"2024-10-10T19:28:20","slug":"smes-support-initiatives-unveiled","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/10\/10\/smes-support-initiatives-unveiled\/","title":{"rendered":"SMEs support initiatives unveiled"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.ghanaweb.com\/imagelib\/pics\/639\/63993538.295.jpg\" alt=\"The Minister of Finance, Dr. Mohammed Amin Adam speaking at an event\" title=\"The Minister of Finance, Dr. Mohammed Amin Adam speaking at an event\" width=\"295\" height=\"165\" \/> <span class=\"image_caption\"><span>The Minister of Finance, Dr. Mohammed Amin Adam speaking at an event<\/span><\/span><\/p>\n<\/div>\n<div style=\"-webkit-user-select: none; -webkit-touch-callout: none; -moz-user-select: none; -ms-user-select: none; user-select: none;\">\n<p id=\"article-123\">The Minister of Finance, Dr. Mohammed Amin Adam, at the second Quarterly Economic Roundtable, unveiled the GH\u00a28.2 billion SME Growth and Opportunity Programme (SME-GO), launched by President Akufo-Addo in July. <\/p>\n<p>He expressed confidence in Ghana&#8217;s economic recovery, highlighting significant milestones achieved in the government&#8217;s reform agenda.<\/p>\n<p>The minister said that following the ongoing disbursements targeted at supporting businesses across the country, the government has decided to include both SMEs and manufacturers in the initiative. This initiative, supported by strategic partnerships with the African Development Bank and the International Finance Corporation, aims to empower SMEs to leverage regional and global markets.<\/p>\n<p>The program also complements existing projects like the US$200 million Ghana Jobs and Skills Project and the US$200 million Ghana Economic Transformation Project.<\/p>\n<p>\u201cOur government has operationalized various private sector-focused interventions to boost SME growth, such as the Ghana Enterprises Agency, the National Entrepreneurship and Innovation Programme, and the Venture Capital Trust Fund,\u201d Dr. Amin Adam remarked.<\/p>\n<p>\u201cThese institutions are key to providing comprehensive support to SMEs, ensuring their resilience and growth.\u201d<\/p>\n<p>Dr. Amin Adam further highlighted recent milestones in Ghana\u2019s economic restructuring, including the successful conclusion of external debt negotiations, where the government secured over 98% consent from bondholders, surpassing its 65% target.<\/p>\n<p>The government launched the SME Growth and Opportunity (GO) programme, mobilizing a total of GH\u00a28.2 billion to provide financial and technical support to the sector in a major boost to small and medium enterprises (SMEs).<\/p>\n<p>The initiative is aimed at strengthening the country\u2019s private sector and propelling the nation forward.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Minister of Finance, Dr. Mohammed Amin Adam speaking at an event The Minister of Finance, Dr. Mohammed Amin Adam, at the second Quarterly Economic Roundtable, unveiled the GH\u00a28.2 billion SME Growth and Opportunity Programme (SME-GO), launched by President Akufo-Addo in July. He expressed confidence in Ghana&#8217;s economic recovery, highlighting significant milestones achieved in the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":227831,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-229773","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>SMEs support initiatives unveiled - 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\/10\/10\/smes-support-initiatives-unveiled\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SMEs support initiatives unveiled - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The Minister of Finance, Dr. Mohammed Amin Adam speaking at an event The Minister of Finance, Dr. Mohammed Amin Adam, at the second Quarterly Economic Roundtable, unveiled the GH\u00a28.2 billion SME Growth and Opportunity Programme (SME-GO), launched by President Akufo-Addo in July. 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