BUSINESS

Gov’t remains extremely committed to growth of MSME subsector – Trade Minister

Trade and Industry Minister, Alan Kyerematen, says the inclusion of the Development of the SME Sector as part of the Government’s Industrial Transformation Agenda is not just lip service but one that Government takes very seriously.

Trade and Industry Minister, Alan Kyerematen, says the inclusion of the Development of the SME Sector as part of the Government’s Industrial Transformation Agenda is not just lip service but one that Government takes very seriously.

READ ALSO: Alan Kyerematen never sold Komenda Sugar Development Company farmland: Ministry

To help achieve this objective, Government, through his Ministry has developed and launched the National Micro, Small and Medium Enterprises (MSME) Policy and also transformed the then National Board for Small Scale Industries (NBSSI) into the Ghana Enterprises Agency (GEA) as an apex body to regulate the entire MSME sub-sub-sector.

In addition, the Minister says another evidence of the Government’s attention on the MSME Sector is the strategic decision to support traders and micro enterprises through the provision of emergency liquidity support to the tune of GHS 600 million under the Coronavirus Alleviation Programme Business Support Scheme (CAPBuSS) when the whole world was struck by the COVID-19 Pandemic.

The Minister was speaking at Makola Market in Accra when he presented a cheque for the donation of an amount of Two Million, Twenty-Nine Ghana Cedis (GHC 2,029,000) as an emergency financial support by the Government to mitigate the effects suffered by the ninety-eight (98) enterprises as a result of the fire outbreak which occurred on Monday, 5th July 2021, gutting a three-storey market building with basement leading to the loss of about 300 jobs.

The Minister was full of praise for stakeholder organizations who provided support services to the victims, particularly the Ghana National Fire Service, the National Disaster Management Organization (NADMO), the Ghana Police Service, and the Accra Metro Assembly (AMA). He singled out the former Mayor of Accra, Nii Adjei Sowah for the leadership he exhibited during the crisis.

It would be recalled that on the 6th of July 2021, the Minister paid a working visit to the scene of the market fire and assured that the Government would provide support to the victims. To this end, he tasked the Ghana Enterprises Agency to liaise with other key stakeholders particularly the Ghana Union of Traders Association, Accra Metropolitan Association (AMA) and the National Disaster Management Organization (NADMO) to determine liquidity relief support to the affected victims. He also tasked GEA to work with the Ministry of Trade and Industry to ensure transparency in the disbursement of funds.

In all, Ninety (98) victims were identified as having suffered levels of losses as a result of the unfortunate fire incident. The Minister was hopeful that the support would go a long way to mitigate the adverse effects on businesses as a result of the fire incident.

Other dignitaries present at the event included the Mayor of Accra-Hon. Elizabeth Sackey, Mrs Kosi Yankey Ayeh (Chief Executive Officer of the Ghana Enterprises Agency), the Director-General of NADMO as well as Dr Ernest Ofori Sarpong of the Special Group of Companies.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Source: freedomradiogh

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