New year start for $50m fund
IN JUST OVER three months, small and medium-sized enterprises will be able to access the $50 million fund earmarked by Government for their development, a move that has been welcomed by their representative body, the Small Business Association (SBA).
Minister of Commerce, Industry and Small Business Development Donville Inniss gave official word yesterday that January 1, 2017 was the projected timeline for the funding to become available, allowing time for the necessary systems to be put in place.
In making the announcement during a small and medium-sized enterprises (SME) stakeholders’ forum at the Accra Beach Resort, Inniss said he would be insisting there would be no slush fund mentality evolving in the system and there would be effective tools for measuring the success of the interventions. (WILLCOMM)
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