Vision1 FM                       Light FM                         Light TV

Government to support manufacturing sector with $2bn

The Minister of Trade and Industry Alan Kojo Kyerematen has reiterated government’s commitment to support the manufacturing subsector with a sum of 2 billion dollars.

 

 

This, the minister says is to help in expanding their businesses.

 

President Nana Akufo-Addo has set up a 100 million dollar package to fund the National Entrepreneurship and Innovation Plan (NEIP) to support young entrepreneurs grow their businesses.

 

Speaking at the official opening of the Eastern Region 2017 Trade Fair and Exhibition in Koforidua the Mr. Kyerematen stated that Government is establishing a 2 billion Dollar Industrial fund to support entrepreneurs in the country.

 

He observed that the fund will support businesses in the manufacturing subsector.

 

“Government is going to establish a two billion dollar industrial development fund which will provide finances, particularly medium to long term financing to support those of you who want to engage in manufacturing and production” he told business owners.

 

Mr. Kyerematen assured that government is looking for a sustainable funding for businesses to help them compete and export their products.

 

“So within the next couple of years I can assure you that financing will be the least of your problems as entrepreneurs in this country” he added.

 

 

 

 

 

 

 

 

 

 

 

 

 

Source: citibusinessnews.com

More Lifestyle..

Here's a new North Korean hacking threat to worry about Here's a new North Korean hacking threat to worry about 2018-02-21 - Another group of North Korean hackers is now targeting major...
The best relationship of your life will be with someone ‘clingy’ The best relationship of your life will be with someone ‘clingy’ 2018-02-21 - The best relationship of your life will be with someone who asks...
World Bank Commends Ghana’s ‘Positive’ Economic Growth World Bank Commends Ghana’s ‘Positive’ Economic Growth 2018-02-21 - The World Bank has hailed Ghana’s economic growth for 2017,...
'Let the intimidation motivate you to beat CARA Club,' Yamoah Ponkoh urges Asante Kotoko 'Let the intimidation motivate you to beat CARA Club,' Yamoah Ponkoh urges Asante Kotoko 2018-02-21 - Former management member of Asante Kotoko Afrifa Yamoah Ponkoh...
EMERGING STARS EMERGING STARS 2018-02-21 - This article seeks to draw our attention to teams, managers and...