• About Us
  • Contact Us
Account
GTB
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
Account
Ghana Talks Business
No Result
View All Result

Small-scale businesses and start-ups to receive GH¢200 million in 2021

29/09/2020
Reading Time: 2 mins read
Small-scale businesses and start-ups, ghanatalksbusiness.com

Dr Ibrahim Awal, Minister for Business Development

405
SHARES
Share on FacebookShare on TwitterShare on WhatsApp
During the ‘Forty under 40’ awards ceremony held at the Kempinski Hotel in Accra, Dr Ibrahim Awal Mohammed announced government’s plan through the Ministry of Business Development to make available GH¢200 million to small-scale businesses and start-ups next year.



According to him, small-scale businesses and start-ups will receive this financial aid to help in capacity building, as part of government’s commitment to reducing the unemployment rate.



“Within the next one year, government through the Ministry of Business Development is going to roll out a GH¢200 million support programme for start-ups and small businesses in the country to expand. This money will go into capacity building and funding for young, small businesses to grow. We know that small businesses and start-ups constitute about 82% of all businesses in this country and they contribute immensely to the economy. We therefore cannot miss an opportunity to help them,”

Dr Ibrahim Awal Mohammed said.


This announcement comes in support by the success of the government’s initiative to provide young entrepreneurs with funding ranging between GH¢10,000.00 to GH¢100,000.00 for their business growth.

In an interview monitored by Ghana Talks Business, Dr Ibrahim Awal Mohammed offered further insight into the initiative when he said “we are working together with some banks – to build their capacity and serve as seed funding. Part of the programme will involve attaching them to some established businesses within and outside the country and over the course of three years monitor their progress.”

He further urged young entrepreneurs to take charge and leverage on the opportunities that the African Continental Free Trade Agreement (AfCFTA) has to offer.

Forty under 40 awards


The Forty under 40 awards is designed to “identify, honour, and celebrate a cross-section of the nations most influential and accomplished young business leaders under the age of forty from a wide range of industries…who are committed to business growth, professional excellence and community service and have risen up the ranks of their companies or industries at a relatively young age.”

Categories
The categories cover a wide range of industries which include:
• Banking and Finance
• Theatre and Arts
• Journalism
• Fashion
• Agriculture
• Energy
• Health
• Technology, among others.


Eligibility
To be eligible for the award, candidates must
• be Ghanaian living and doing business in Ghana
• be under the age of 40 by event date
• an entrepreneur, CEO, Co-Founder, COO of a company


.

Previous Post

World’s five largest asset management companies hold $22.5trn in assets, more than US GDP

Next Post

Monetary policy rate maintained at 14.5% for the second time – BOG

Related Posts

aliou cisse: football management, ghanatalksbusiness.com

How you Know a Good Manager, Lessons from football

17/05/2022
AWIEF awards 2022

Nominations open for the Prestigious AWIEF Awards Celebrating Women Entrepreneurs

16/05/2022
Climate change in Africa

Three steps for Africa to combat climate change

16/05/2022
win customers, ghanatalksbusiness.com

Why your Customers are better strategists than Managers

16/05/2022
Compassionate manager

How to Be a Compassionate Manager in a Heartless Organization

10/05/2022
business ideas to pursue, ghanatalksbusiness.com

The Right Way to Get Your First 1,000 Customers

09/05/2022
Next Post
Policy rate at 14.5%, ghanatalksbusiness.com

Monetary policy rate maintained at 14.5% for the second time - BOG

cocoabod syndicated loan, ghanatalksbusiness.com

What the US$1.3 billion loan signed by COCOBOD has to offer

  • About Us
  • Disclaimer
  • Privacy Policy
  • Advertising
  • Contact Us

© 2021 Ghana Talks Business

No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
  • Login

© 2021 Ghana Talks Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In