Government through the Ministry of Trade and Industry, says it will support the Small and Medium Scale Enterprises (SME’s) with loans to improve on their businesses.
This assurance was given by the Minister for Trade and Industry, Dr. Spio Gabbrah on the need to add value to their products. He challenged business operators to work hard in adding value to their product.
He said, government has secured over $200 million to support the industry.
Business Operators have welcome the news with joy, and say it will go a long way to help them.
A financial analyst, Mohammed Kamaal-Deen, says, government is trying to encourage the small scale enterprises to make them do more.
“We have had a few challenges with our finances and we always complain about capital, so it is a move in the right direction”, he said.
But in order to make judicious use of the capital, he said, SME’s have over the years been accuse of poor management of funds, so it will be imperative that, before the funds are disburse to the operators, they should be taken through some basic book keeping training and other. For them to differentiate between their profit and capital.
He added that, for SME’s to add value to their products from raw material to the finish product, government must give more training to them.
credit: Alexander Semordzi (GhanaClass)