Accra to host SME Financing Fair

A two-day fair on financing of small and medium sized enterprises (SMEs) will be held in Accra from Tuesday April 26, with the aim of creating a platform for a comprehensive discussion of measures for improving access to finance by SMEs.

About 300 SMEs and financial institutions are expected to showcase their products at the fair, which is aimed at bridging the financial gap hindering the growth of SMEs.

It is being organised by the government of Ghana through the Minister of State in charge of Private Sector Development and Public Private Partnership together with other relevant state institutions.

Slated for the Accra International Conference Centre, the fair is expected to provide a boost to initiatives aimed at developing incentives towards the growth of SMEs.

According to a statement signed by Dr. Rashid Pelpuo, Minister of State in charge of Private Sector Development and Public Private Partnership, the lack or inadequate access to finance has been the bane of the SME sector.

By improving access to funding facilities, the government believes, it would help SMEs to expand and create more jobs for the youth, as well as support the national economy.

“There will also be other fora with the aim of bringing together various players and stakeholders to discuss crucial issues and challenges fording on the SME financial space,” it said.

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