• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

GEA supports 270 MSMEs with GHS 35m grants to catalyze economic transformation

2 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
77
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

GEA supports 270 MSMEs with GHS 35m grants to catalyze economic transformation

The Ghana Enterprises Agency (GEA) has launched an ambitious initiative, kickstarting the distribution of GH₵35 million in grants to a carefully selected cohort of 270 micro, small, and medium enterprises (MSMEs).

Championed under the Technical Assistance and Grant Programmes of the Ghana Economic Transformation Programme (GETP), these grants promise to fortify businesses across sectors, reinforcing machinery acquisition, bolstering working capital, and enhancing last-mile infrastructure investments.

The Ghana Economic Transformation Project, funded by the World Bank, fuels this paradigm-shifting endeavor, segmented into three pivotal categories – Youth in MSME, Women MSME, and SME High Growth Programmes. Each facet amplifies the country’s commitment to facilitating grassroots enterprise growth and cultivating an ecosystem that incubates sustainable economic expansion.

Speaking from the grant-signing ceremony in Accra, the Minister of Trade and Industry, Kobina Tahiru Hammond, underscored the government’s dedication to fostering local businesses. He highlighted that these initiatives stand as strategic underpinnings for the overarching goal of transforming MSMEs into formidable drivers of economic growth.

Minister Hammond emphasized, “Our roadmap aligns with the broader objective of positioning Ghana as a hub for diverse industries. This entails cultivating competitiveness within local MSMEs and positioning them to harness opportunities emerging from global and regional trade avenues – exemplified by the African Continental Free Trade Area (AfCFTA).”

The Chief Executive Officer of GEA, Kosi Yankey-Ayeh, articulated the ongoing success of the Ghana Economic Transformation Project, revealing that nearly GH₵65 million had already been deployed to nearly 800 SMEs between September 2021 and January 2023 under the GETP. Importantly, a substantial portion of this funding, almost 40 percent, uplifted women-owned enterprises.

RelatedPosts

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

Ms Yankey-Ayeh highlighted the multi-faceted interventions that have yielded commendable results, noting, “The SME High Growth Programme, a cornerstone of our strategy, encompasses intensive business management training, mentoring, and capacity upgrades. This high-impact initiative has garnered over 90 percent satisfaction based on a comprehensive survey.”

A nuanced approach, spanning the Youth in MSME Programme and the Women MSME Programme, prioritizes the empowerment of young entrepreneurs and female-led enterprises respectively. Additionally, the grant programmes traverse sectors as diverse as agriculture, ICT, manufacturing, and tourism, strategically amplifying the nation’s diverse economic potential.

As Ghana charts a path towards a more resilient and prosperous economy, this infusion of targeted grants symbolizes a formidable stride toward sustainable growth, echoing the country’s unwavering commitment to harnessing its entrepreneurial prowess.

Tags: GEA supports 270 MSMEs with GHS 35m grants to catalyze economic transformationGhana Economic Transformation Programme (GETP)Ghana Enterprises Agency (GEA)MSMEs
No Result
View All Result

Highlights

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

Banking Sector Soundness Remains Robust in 2024 Amid Strong Profitability, Adequate Capital Buffers

Sha’Carri Richardson Withdraws from US Trials Following Arrest

From Singuluma to El Kaabi: Can CHAN 2024 Unleash the Next Hat-trick Hero?

Ghana to Welcome King’s Baton Relay on August 8 Ahead of 2026 Commonwealth Games

Trending

Features

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

August 2, 2025

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes Parliament has adjourned...

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

August 2, 2025

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

August 2, 2025

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

August 2, 2025
Bank of Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

August 2, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.