Small and Medium Enterprises fair slated for March

The government   in collaboration with the private sector will organise Small Medium Enterprises (SME’S) fair to find a lasting solution to the challenges confronting the sector.

The  event which is scheduled  between  March  16 and 17  will bring together  government and its agencies,   financial institutions,  insurance companies,  multilateral  agencies  and the private sector.

The fair, expected to be opened by the President, John Dramani Mahama would discuss crucial is-sues on SME financing.

This was announced by the Minister in charge of Private Sector Development and Public Private Partnership (PPP) Mr. Rashid Pelpuo at the SMEs’ stakeholders forum held in Accra on Tuesday.

Mr. Pelpuo said the fair was deemed as an excellent opportunity   for players in the industry to dialogue and share ideas on initiatives, products solutions and innovations aimed at promoting SMEs in a coherent manner.

He said the event was part of government’s medium-term strategy aimed at developing a thriving private sector with the capacity to create new jobs, improve livelihoods for the youth,poor, marginalised and the vulnerable in the society.

“There is the need to enhance the ability and capacity of SMEs in a sustainable way considering the fact that SMEs make up a significant portion of the private sector,” he said.

Mr. Pelpuo noted that, the government had pioneered various initiatives aimed at addressing unemployment through empowering entrepreneurs, the youth and  SMEs through the provision of  start-up capital and other funding opportunities.

He said despite the numerous financing opportunities available, the successful utilisation of these opportunities remained limited and access to finance still remained a major constraint on the growth of SMEs.

By Jemima Esinam Kuatsinu &

Suraju Jauharat

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