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    African governments tasked to look within the continent in their bid for transformation

    COCOBOD closes purchases for 2021/2022 main crop cocoa season

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

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    6th Ghana CEO Summit to focus on digital leadership for the digital economy

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

    Government partners private companies to mine abandoned iron ore in Oti Region

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    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

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    Standard of cars assembled in Ghana will not be compromised – GSA assures

    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

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Solving funding needs of SMEs will curb unemployment in Ghana – Prof. Aryeetey

bycitibusinessnews
January 29, 2017
in Local Economy, Top Stories
Prof. Ernest Aryeetey

Prof. Ernest Aryeetey

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Former Vice Chancellor of the University of Ghana, Professor Ernest Aryeetey has advocated innovative measures in meeting the funding needs of Small and Medium Enterprises (SMEs) in the country.

Professor Aryeetey argues that the country could significantly reduce the alarming unemployment rate should SMEs grow and create more jobs for the teeming unemployed youth.

He made the remarks at the third Flamingo awards by the Institute for Financial and Economic Journalists (IFEJ) in Accra last Friday.

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“…SMEs, when well-developed, can fill the unemployment vacuum the country is currently saddled with,” Professor Aryeetey asserted.

WhatsApp Image 2017-01-29 at 08.37.56

Professor Aryeetey also a former Director of the Institute of Statistical, Social and Economic Research (ISSER) further made a case for Ghana to streamline the activities of the microfinance sector.

He argues that the regulation of the microfinance sector would be more workable if linked to larger financial institutions like banks, as practiced in other countries such as Sri Lanka and Kenya.

Famous Kwesi Atitsogbe was adjudged the Best Financial and Economic Journalist of the year.

WhatsApp Image 2017-01-29 at 08.37.53

He also won the awards for the Best in Tourism and Best in Microfinance/Rural Banking and SMEs.

Famous gets the opportunity to attend the World Bank Spring meetings in Washington DC, USA as part of his award for the overall best Financial and Economic Journalist.

He also received an Ipad.

WhatsApp Image 2017-01-29 at 08.37.55

Other winners at the awards ceremony were; Kwabena Adu Koranteng who took home the Best in Extractive and Rebecca Adwoah Awuah, Best Business and Manufacturing.

The rest are Maxwell Akalaare Adombila, who took best in Agribusiness, Adnan Adams Mohammed, Best in Finance, and Kwabena Adu Koranteng, Best Development.

The theme for this year’s awards ceremony was “Strengthening Micro Finance Institutions to enhance the growth of rural and micro enterprises.”

–

By: Jessica Ayorkor Aryee/Anita Arthur/citibusinessnews.com/Ghana

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