Out of this amount, $1.5 million will be provided to the MSME sector while $1.3
million will go to the renewable energy sector.
To this end, a Memorandum of Understanding (MoU) has been signed by the managers of the fund, SNV, a Netherlands Development Organisation and its partners, the Association of Ghana Industries (AGI) and Ghana National Chamber of Commerce and Industries (GNCCI).
Nana Owusu Afari, President of the Association of Ghana Industries (AGI), who welcomed the development said, 'For us at AGI, this is a day of significance as 90 percent of industries are in the MSME sector. It will help spread industries to the other regions.'
He noted that AGI's motive is to establish offices in all the regional capitals to help develop rural communities.
Eric Agyare, a representative of the GNCCI, for his part, explained that their mission is to help assist small and vibrant businesses to thrive, stressing that they will provide capacity and skills training for them alongside the provision of the fund.
He emphasized that the strategy is to work together and expand the reach of BDS.
Bernard Coes, a Fund Manager, entreated entrepreneurs to join the programme and access funds to strengthen their businesses.
The main objective of the fund is to provide technical assistance to support MSMEs to improve their operations and competitiveness.
The BDS Fund is funded by the World Bank under the MSME project of the Ministry of Trade and Industry.
It is currently being managed by Triodos Facet BV of Netherlands and SNV Ghana.
The BDS Fund will provide matching grants to MSMEs to pay for services that will make them more competitive both at home and abroad, reach more markets and enable them access loans from banks and other funding agencies.
A maximum cumulative value of $200,000 is expected to be approved for interested micro, small or medium enterprises.
By Charles Nixon Yeboah
To this end, a Memorandum of Understanding (MoU) has been signed by the managers of the fund, SNV, a Netherlands Development Organisation and its partners, the Association of Ghana Industries (AGI) and Ghana National Chamber of Commerce and Industries (GNCCI).
Nana Owusu Afari, President of the Association of Ghana Industries (AGI), who welcomed the development said, 'For us at AGI, this is a day of significance as 90 percent of industries are in the MSME sector. It will help spread industries to the other regions.'
He noted that AGI's motive is to establish offices in all the regional capitals to help develop rural communities.
Eric Agyare, a representative of the GNCCI, for his part, explained that their mission is to help assist small and vibrant businesses to thrive, stressing that they will provide capacity and skills training for them alongside the provision of the fund.
He emphasized that the strategy is to work together and expand the reach of BDS.
Bernard Coes, a Fund Manager, entreated entrepreneurs to join the programme and access funds to strengthen their businesses.
The main objective of the fund is to provide technical assistance to support MSMEs to improve their operations and competitiveness.
The BDS Fund is funded by the World Bank under the MSME project of the Ministry of Trade and Industry.
It is currently being managed by Triodos Facet BV of Netherlands and SNV Ghana.
The BDS Fund will provide matching grants to MSMEs to pay for services that will make them more competitive both at home and abroad, reach more markets and enable them access loans from banks and other funding agencies.
A maximum cumulative value of $200,000 is expected to be approved for interested micro, small or medium enterprises.
By Charles Nixon Yeboah
Newer news items:
- 13/10/2011 01:00 - Ghana to participate in fourth annual global entrepreneurship week celebration
- 13/10/2011 01:00 - Inflation dropped to 8.40 per cent in September
- 13/10/2011 01:00 - Ghana Association of Bankers announces exchange rates
- 13/10/2011 01:00 - Ghana's provisional GDP estimates pegged at 13.6 per cent
- 12/10/2011 21:00 - NLA temporally withdraws two lottery products
Older news items:
- 12/10/2011 13:00 - Koforidua holds composite budge hearing
- 12/10/2011 13:00 - Glo unveils George Andah
- 12/10/2011 13:00 - Time to invest in Africa's capital markets -World Bank
- 12/10/2011 13:00 - GREDA TO HOLD LOCAL HOUSING EXHIBITION
- 12/10/2011 09:00 - GSE signs MOU with Fidelity Capital Partners Limited
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