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    Gov’t must invest more resources into agriculture sector – Agribusiness Chamber

    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

    Farmers worried about possible unfair distribution of MoFA machines

    Bank of Ghana to widen its scope on cryptocurrency

    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

    Our cars to sell for cheaper soon- locally assembled automobile companies

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    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

    Bank of Ghana to widen its scope on cryptocurrency

    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

    GEXIM CEO is one of Ghana’s 100 most influential business leaders

    Zenith Bank Ghana wins premium quality West African banking brand of the year 2021

    GIPC and GSE sign MoU to attract more investment into Ghana

    Appolonia City unveils its first commercial building; Adumuah Place

    Dr. Ampabeng advocates consolidation of road taxes into fiscal policy

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    We’re ready to re-engage gov’t on acquisition of Vodafone shares – Telecel

    New deadline for SIM re-registration too short – MoMo agents association

    Extend SIM card re-registration exercise to January 2023 – MoMo agents

    Vodafone agrees sell stake in Ghana’s business to Telecel

    Telecoms Chamber and IIPGH advocate sustained coding education

    IIPGH to enter coding education partnership with Telecoms Chamber

    PayAngel joins Microsoft for Startups Founders Hub

    Node 8, HTU hold first edition of Node X in Ho

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

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    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

    Inflation, debt, and forex crisis is pushing many African economies to the brink – IMF warns

    African countries that could follow Sri Lanka into economic chaos

    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

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    Gov’t must invest more resources into agriculture sector – Agribusiness Chamber

    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

    Farmers worried about possible unfair distribution of MoFA machines

    Bank of Ghana to widen its scope on cryptocurrency

    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

    Our cars to sell for cheaper soon- locally assembled automobile companies

    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

    Ghana’s inflation rate rises again; hits 31.7% in July 2022

    Fitch downgrades Ghana’s credit rating from B- to CCC

  • Business
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    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

    Bank of Ghana to widen its scope on cryptocurrency

    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

    GEXIM CEO is one of Ghana’s 100 most influential business leaders

    Zenith Bank Ghana wins premium quality West African banking brand of the year 2021

    GIPC and GSE sign MoU to attract more investment into Ghana

    Appolonia City unveils its first commercial building; Adumuah Place

    Dr. Ampabeng advocates consolidation of road taxes into fiscal policy

  • TECHNOLOGY

    We’re ready to re-engage gov’t on acquisition of Vodafone shares – Telecel

    New deadline for SIM re-registration too short – MoMo agents association

    Extend SIM card re-registration exercise to January 2023 – MoMo agents

    Vodafone agrees sell stake in Ghana’s business to Telecel

    Telecoms Chamber and IIPGH advocate sustained coding education

    IIPGH to enter coding education partnership with Telecoms Chamber

    PayAngel joins Microsoft for Startups Founders Hub

    Node 8, HTU hold first edition of Node X in Ho

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

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    • Europe
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    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

    Inflation, debt, and forex crisis is pushing many African economies to the brink – IMF warns

    African countries that could follow Sri Lanka into economic chaos

    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

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Government pledges to boost SME sector through strategic partnerships

byEllen Dapaah
November 10, 2021
in Business, News, Top Stories
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The Ministry of Trade and Industry has pledged to strengthen partnership with the private sector to grow Ghana’s Small and Medium-sized Enterprises (SMEs) sector, which remains vital to the country’s economic outlook.

A Deputy Minister for Trade and Industry, Nana Ama Dokua Asiamah Adjei, speaking during the launch of the ACET Business Transform which aims to develop and accelerate carefully selected SMEs for the global market, stressed that the government “will extend needed partnerships and investments. We will build on the great successes we have had in the last four years by scaling up the technology to reach these and many other SMEs.”

“We continue to act with dispatch to add value to what we produce and also provide creative and high-tech opportunities for massive youth engagement in agro-processing, light manufacturing, recycling, among others. Our priority is for businesses to use their skills innovatively in a commercial environment that is regionally accepted.”

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In Ghana, SMEs account for over 90 percent of all registered businesses and generate more than 90 percent of employment.

SMEs are creators of jobs for Ghana’s rapidly growing workforce, as they have the potential to generate close to half a million jobs every year. Unfortunately, many of these businesses do not survive long enough to create these jobs.

The African Centre for Economic Transformation (ACET’s) Business Transform program aims to help SMEs successfully navigate the business development market to access the back and front office support they need to demonstrate their viability as companies.

The first edition of the program will see ten Ghanaian businesses benefit from the guidance of technical partners and the mentorship of well-connected business executives and global leaders.

Mavis Owusu Gyamfi, the Executive Vice President of the African Centre for Economic Transformation (ACET), speaking to Citi Business News on the sidelines of the event, outlined her outfit’s plans for the selected SMEs in the African Continental Free Trade Area.

“We want to build these companies to a level where they can compete in Ghana and tap into value chains. So for example, there’s a gentleman who’s providing industrial cassava. If we can help him to develop and grow, he can sell to North and East Africa and can really take advantage of the AfCFTA. It can even set up sub factories in these countries and tap into the natural resource base to expand,” she said.

Below is the list of the ten businesses that make up the first Business Transform cohort:

1. Big Bond Roofing Systems Limited
2. Groital Company Limited
3. Homefoods Processing and Cannery Limited
4. Maxtachem Limited
5. Melach Coconut Processing Farm
6. Nelplast Eco Ghana Limited
7. Saliscom Limited
8. Sky-3 Investment Limited
9. Skylink Agro Solutions
10. Solar Taxi Limited

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