Accra, Aug 8, GNA- The Institute of Statistical, Social, and Economic Research has recommended that the government provide funding for small and medium-sized enterprises (SMEs) with proven track records.
It advised the government to disburse funds based on the existing database of SMEs to prevent newly set-up SMEs with no track record from accessing the funds at the expense of existing ones with track records.
The institute made the recommendation in the mid-year budget review, which assessed the mid-year budget presented by the finance minister, Dr. Mohammed Amin Adam, to parliament.
The institute’s recommendations come against the backdrop of the government’s recent attempts to help SMEs.
The government’s assistance for SMEs is carried out through initiatives such as the SME Growth and Opportunity Programme, the Ghana Enterprise Agency’s Youstart Programme, and the Ghana Skills Development Fund.
Subscribe our newsletter to stay updated
Thank you for subscribing!
Subscribe our newsletter to stay updated
Thank you for subscribing!
