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GEXIM supports SMEs through capacity building programme
The Ghana EXIM Bank (GEXIM), has announced a support package for Small and Medium Enterprises(SMEs) through its capacity programme.
This falls under the SME Growth and Opportunity programme launched by the Ministry of Finance which offers a comprehensive package of financial and technical support, including capacity-building sessions, to address the critical funding constraints faced by SMEs.
Speaking at the Ghana EXIM Bank Stakeholder Session with SMEs on Thursday September 26, at the Trade Fair House in Accra, Rosemary Beryl Archer, Deputy Chief Executive Officer of Ghana Exim Bank, said, the government’s 10 points industrialization agenda has SME development at heart.
She said, on Tuesday July 16, 2024, the President of the Republic, His Excellency Nana Addo Dankwa Akufo-Addo launched the SME Growth and Opportunities Programme in Accra.
According to her, it is a ground-breaking initiative which seeks to assist Ghanaian SMEs to scale up and build their capacity to make them sustainable and compete favourably in the international marketplace. The Bank is a strategic partner.
She further noted that “Today, we want to share with you our plan for Micro and SMEs on our special initiative under the SME GO Programme to strategically position your businesses and take you to the next level. We want to share ideas and identify ways of supporting your businesses to grow. We are here for you, so please feel free to engage with us.”
She added that they want to develop them to grow into the international market, adding that if they contribute 70 percent of the GDP, then there is the need for them to be supported.
According to her, the mandate of the Bank is to support and develop trade between Ghana and other countries, overseas investments by Ghanaian Companies and eliminate critical market failures in the Ghanaian economy thereby making Ghana competitive in the global marketplace.
The deputy CEO of GEXIM Bank noted that financing from the Ghana EXIM Bank aims at key benchmarks derived from development instead of commercial objectives. These are employment creation, value addition through production, efficiency and foreign exchange revenue potential.
The Head of SME Banking at GEXIM, Bright Darko said as part of the programme some funds have been set aside under Capacity Building for some micro and small businesses who will need grants to support their operations.
He said it was why they met those businesses to try and explain to them what the programme was all about as well as how they could apply in line with the requirements.
He said as a department, they have seen access to finance as the main challenge of the SMEs because the commercial banks shy away from them.
Against this backdrop, Mr.Darko said, this facility has specially been put together to assist SMEs struggling to get funding from the commercial banks, adding that they are critical to the economy.
Additionally, he said, they would put in place monitoring systems to ensure that the grants are put to good use.
He also announced that the bank is on course of setting up a processing facility by June, 2025
After the meeting an application form was made available for them to start applying.
The application will run from now till the end of October, and within a period of 30 days of application, one is expected to get the fund.
The participants expressed appreciation to the government and the bank for coming to their aid to enhance their capacity.
They promised to put the support to good use,
By Edem Mensah-Tsotorme
News
GFP founder Akua Donkor passes on
Akua Donkor
The founder and leader of the Ghana Freedom Party (GFP), Madam Akua Donkor, has passed away.
She died at the Greater Accra Regional Hospital on Monday, October 28 at 72.
Reports gathered by The Spectator indicated that she was diagnosed with respiratory issues at the Nsawam Government Hospital and was referred to the Greater Accra Regional Hospital where she died.
Known for her spirited presence in Ghanaian politics, Akua Donkor was a staunch advocate for the rights of farmers and women.
Her bold and outspoken demeanour enabled her to capture public attention and significantly impact the grassroots communities she aimed to represent.
Throughout her political journey, she distinguished herself by running for the presidency multiple ti mes, demonstrating remarkable resilience despite financial challenges.
Akua Donkor was listed as the third candidate on the ballot for the upcoming 2024 presidential election.
Her political career began with her election as the Assemblywoman for Herman in the Ashanti region, and she made her first bid for the presidency in 2012 as an independent candidate.
She was, however, disqualified by the Electoral Commission in 2012 and 2016 for the reason that she did not meet the eligibility requirements.
News
Stop using breast enhancing creams …they expose females to breast cancer
Mrs Enyonam Abiti making a presentation
Women have been cautioned to stop using of breast enhancing creams which is said to contain estrogen, predisposing them to the breast cancer disease.
Using such creams over time increases estrogen levels in patrons of such products thereby exposing them to the disease.
Estrogen is a type of sex hormone responsible for development and regulation of female reproductive system and secondary sex chart.
Mrs Enyonam Abiti, a medical officer at Madina Pentecost Hospital, said this at a day’s seminar and breast cancer awareness creation day at Sunyani in the Bono Region.
The programme, organised by the Bono Regional office of COCOBOD, forms part of activities to mark this year’s World Breast Cancer Day celebrations held every year in October.
Some staff of COCOBOD and women in cocoa farming used the opportunity to have their breast screened.
Mrs Abiti during a presentation revealed that one in every eight women was diagnosed of breast cancer while 1 from 1,000 men contract the disease.
She noted that early detection and regular screening was the surest way to salvage the situation.
She mentioned that habits such as excessive smoking and alcohol intake predisposes women to breast cancer.
Moreover, she added that people advanced in age, past history, past ovarian cancer case as well as young girls that menstruate early, among others stands the risk of contracting the disease.
The Bono Regional Administrator of COCOBOD, Michael Paddy Kwesi Asumanu, stated that the decision to organise the breast screening was to ensure that women in cocoa farming were healthy at all times to go about their farming activities in order to increase productivity.
“We don’t want a situation where our women in cocoa farming are infected with breast cancer disease to jeopardise the cocoa sector,” he said.
According him, the Regional Office of COCOBOD in partnership with the Bono Regional Teaching hospital would organised screening for about 4,000 women on October 31, 2024 at Goaso in the Ahafo Region.
The move, he said, was part of their corporate social responsibility towards women as the world mark breast cancer awareness creation this month.
Some of the women who spoke to The Spectator commended COCOBOD for the gesture and called on other institutions of state to emulate the example.
The organisers later held a float on the principal streets of Sunyani to create awareness on the breast cancer disease.
From Daniel Dzirasah, Sunyani
