EDAIF supports SMEs to expand operations

•   The funds will go to SMEs in agro-processing business.

• The funds will go to SMEs in agro-processing business.

Sixty-eight (68) small scale and medium enterprises in the Brong-Ahafo Region have received a total of GH¢195,400.00 from the Export Development and Agricultural Investment Fund (EDAIF) to expand their operations.

The money was disbursed through the National Board for Small Scale Industries (NBSSI).

A Ghana News Agency (GNA) report said Anthony Akolbire, Regional Manager of the board, explained that this formed part of the five-year project to aid SMEs nationwide to become more viable, and create wealth and jobs for the people.

He was addressing the maiden “MTN Brong-Ahafo Business Fair” in Sunyani, held under the theme, “Enabling and inspiring growth in the SMEs sector.”

Mr. Akolbire said they were targeting agro-processors, those engaged in the marketing of agricultural produce — palm oil, cassava, maize and cashew.

He said apart from the credit facility, the NBSSI was providing business management training to enterprises to help them to adopt best practices.

So far, more than 10,501 businesses had benefitted from the programme, Mr. Akolbire added.

He encouraged SMEs, particularly those into export, to take advantage of the EDAIF facility and the NBSSI training programme to achieve optimal performance.

Mr. James Bukari Basintale, General Manager, Northern Ghana of MTN, said every effort must be made to strengthen local businesses to make them competitive on the global market.

They should be constantly exposed to developments and changing trends in international trade.

He said the fair was meant to showcase cutting-edge solutions developed to empower SMEs, and create a synergy for the development of customised business solutions.

He said “as a good corporate citizen, the company would continue to offer support to SMEs in various ways to facilitate accelerated national development”.

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