‘SMEs are engine of growth’

Small and Medium Enterprises (SMEs) has huge potentials to propel Ghana’s economy to appreciable height if effectively supported, Nelson Sulemana Nyadia, a Senior Grant Officer at the Skills Development Fund (SDF), has said.

He said the training of masons, carpenters, electricians, plumbers, mechanics, among others, could create a number of jobs for the youth.

According to a report, Mr Nyadia said this during a training workshop on, “Innovation Grants Outreach”, organised at Bolgatanga Polytechnic in the Upper East Region.

The programme which attracted stakeholders from the polytechnic, universities, incubating institutions such as the GRATIS Foundation and other technical schools, was aimed at exposing the stakeholders to procedures and criteria on how to access grants under the phase two of the SDF which is opened and expected to end by February 8.

Mr Nyadia explained that it would help address some of the challenges that the SDF with support from the Danish International Development Agency (DANIDA) and the World Bank offered encountered after skills training in the Technical, Vocational Education and Training (TVET) for the informal and some formal sectors from 2000 to 2011.

He said $55 million US dollars was disbursed under the phase one of the SDF to institutions for the training of people engaged in small and medium enterprises.

Mr. Nyadia said these selected institutions were supported to develop economic and demand driven skills training programmes which focused on practical training leading to three-fold improvements in the productivity of beneficiary enterprises in the country.

The Senior Grant Officer encouraged the institutions to apply for the second phase of the SDF, disclosing that the government had received $14 million US dollars from DANIDA to support in the skills training programme which covered both the informal and formal sectors.

He noted that the support would also focus on sustainable energy, agro-business and agro-processing and the training content would require industries that would ensure the continuity of productivity and competitiveness.

The Vice Rector of the Bolgatanga Polytechnic, Dr Samuel Alnaa lauded the management of the SDF and its funding agencies for the support and entreated the participants to take advantage of the opportunity provided to grow their businesses.

 

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