GH81bn To Support SMEs Is A Game Changer For Businesses And The Youth Ahiagbah

The Director of Communications of the New Patriotic Party (NPP) Richard Ahiagbah has described the GHcent;8.1 billion to support small and medium-scale enterprises (SMEs) as a game-changer.

Ahiagbah states that this is evidence that the economy will ‘persist’ to recover steadily.

“The planned investment of GHcent;8.1 billion to support SMEs is a game-changer for these businesses and the youth. This is evidence that the economy will persist to recover steadily."

"I commend H.E. Akufo-Addo for his vision and the Finance Minister’s drive to deliver. It’s possible with Bawumia-NAPO. Let’s work hard to achieve victory on December 7 because Ghana needs it,” he wrote on X.

The planned investment of GHcent;8.1 billion to support SMEs is a game-changer for these businesses and the youth. This is evidence that the economy will persist to recover steadily.

I commend H.E. Akufo-Addo for his vision and the Finance Minister's drive to deliver. It'shellip; er.com/JO3bcd8AbQmdash; Richard Ahiagbah (@RAahiagbah) July 17, 2024

President Nana Addo Dankwa Akufo-Addo on Tuesday July 16 unveiled the SME Growth and chance (GO) Programme at the SME Growth and chance Summit held at the Kempinski Hotel, Accra.

The thorough programme is backed by a GHS 8.2 billion funding package and aims to support small and medium-sized enterprises (SMEs), which are pivotal to the nation’s economic prosperity.

President Akufo-Addo emphasized the crucial role SMEs play in Ghana’s economy, highlighting that they constitute 92% of businesses and contribute 70% to the GDP. Despite their significant contributions, SMEs face countless obstacles, particularly in accessing finance, which hinders their potential for growth and innovation.

“The entrepreneurial spirit of Ghanaians has always been a driving force behind our economic transformation. Our SMEs are the backbone of our economy, and it is imperative that we support them to overcome the barriers they face,” President Akufo-Addo stated.