News Archives

Sep 11, 2013

Government to support manufacturers in agribusiness

Government would from next year select five manufacturers in agribusiness every year for support.

The support is to help the entrepreneurs expand and produce quality products to compete favourably in the world market, Nii Lante Vanderpuye, Deputy Minister of Trade and Industry, said on Tuesday.

He said this in Ho at the second in a series of “planned regional programmes” aimed at creating public awareness of the Ministry’s policies, activities and achievements over the years.

Mr Vanderpuye said the initiative was to create jobs and help develop the Ghana branded products and appealed to entrepreneurs to take advantage of the opportunity.

He said just as Dubai had become the hub of international trade even without oil, the Trade Ministry was working to market Ghana in a way that it would not depend on its oil.

“We are determined to use trade and industry to transform the country. The world revolves around trade, so we will use trade to market Ghana,” Mr Vanderpuye said.

He said the target was to focus on the sub-region as well as capture 25 per cent of the world’s market and appealed to entrepreneurs to make their products locally acceptable with appeal for international market.

Mr Francis Kusi, Project Coordinator of Micro, Small and Medium Scale Enterprises (MSME), said though SMEs were accepted as drivers of economies worldwide, many SMEs in Ghana were not taking advantaging of financial opportunities put in place for them.

He cited the case of the Volta Region, where only two SMEs registered with the MSME and benefiting from financial opportunities from Export Development and Agricultural Investment Fund (EDAIF).

Nana Akrasi Sarpong, acting Director, Communication and Public Affairs, Ministry of Trade and Industry (MOTI), said it was a pity that many entrepreneurs were not taking advantage of EDAIF.

Mr Emmanuel Nyarku, Volta Regional Director of the National Board for Small Scale Industries (NBSSI), said his outfit linked eight SMEs to access GH¢ 69,000 Social Investment Fund (SIF)since January this year.

Source: GNA