NEIP commences ambitious SME GO Project to Support Micro-Businesses
The National entrepreneurship and Innovations Programme has provide training and financial support to traders across the country under the government’s SME GO programme.
The SME GO programme is a joint initiative between the Ministries of Finance and Trade and Industry. It aims to leverage the existing institutional
framework of partnered agencies to provide build the capacity of MSMEs in the country and to provide the required financing to support their operations. The programme consist broadly of two major components: SME Financing Component, Micro Business Support Component and SME Financing Component.
The initiative seeks to support the development and scaling up of small businesses in the country, hence
Government has developed a sustainable financing framework that seeks to draw resources from the both the private and public sectors to support the growth and development of businesses in the country referred to as the SME.
Thousands of businesses over a month have been taken through capacity-building training by NEIP and are receiving funding to support their business.
Beneficiaries Included, petty traders, street hawkers and others who qualify under the micro business support scheme.
Beneficiaries applauded the government for the initiative to support them. They say they felt neglected because most times such support is rare to receive.
“I thank the president and the government for thinking about us because no government has ever done something like this for us. Even for remembering us, we very happy and feel proud as Ghanaians” Esther Nyarko, beneficiary in the Bono region said.
The president, Nana Addo Dankwa Akufo-Addo months ago launched the SME Growth and Opportunity (GO) programme, mobilising a total of GH₵8.2billion to provide financial and technical support to the sector in a major boost to small and medium enterprises (SMEs).
The initiative is aimed at strengthening the country’s private sector and propelling the nation toward its annual growth potential of approximately 5 percent.
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