Bawumia highlights 14 policy commitments under his presidency

Date:

Share post:

Vice President Dr Mahamudu Bawumia says his administration will pay particular attention to building a vibrant small-scale and medium enterprise (SME) ecosystem if elected President in the 2024 elections.

 
Building a robust SME space, he said, was the stimulus required for sustainable economic growth, job and wealth creation.

 
The Vice President, in a media interaction, in Accra, said the Government believed the private sector remained the engine of growth of Ghana’s economy.

 
The governing New Patriotic Party (NPP) promises to set up an SME Bank, if retained in the December 07 General Election, according to the Party’s manifesto.

 
The idea is to boost the funding base for SME activities, encouraging business start-ups and advancing innovative ideas.

 
It is estimated that SMEs account for some 92 percent of existing companies, 85 percent of manufacturing jobs and 70 percent of the country’s Gross Domestic Product (GDP).

 
Against this background, the Government recently launched an enterprising policy initiative to underpin private sector growth.

 
Dubbed, SME Growth and Opportunity Programme, the GHS8.2 billion project provides the platform for sustainable capacity-building, technical support, access to finance and developing innovative ideas to strengthen the private sector.

 
It is expected that the project will contribute to building a future economy shaped by enterprise and innovation, where the people could witness their ideas becoming a reality.

 
Vice President Dr Bawumia indicated that the Government had supported some 444, 000 SMEs in the country over the last seven years with funding estimated at about GHS1.6 billion.

 
He was emphatic that the creation of some 2.1 million jobs under the NPP rule would not have been possible without the immense contribution of the private sector.

 
Consequently, his administration will not relent in pursuing the overall Party’s vision relating to job creation anchored by a thriving SME ecosystem.  

 
 

Related articles

Effutu records 300 suspected cholera cases, 29 confirmed, two deaths

The Effutu Directorate of the Ghana Health Service has confirmed 29 of the 300 suspected cholera cases with...

Canada vows swift retaliation to ‘unjustified’ Trump tariffs

Canada will give a "firm and clear" response to the latest trade barriers planned by US President Donald...

‘Bayern stars desperate to make up for lost season’

Bayern Munich's club motto is not meant to come across as arrogant. Translated into English it means: "We...

A rivalry of our times – why Man City & Real are fighting for their lives

Real Madrid v Manchester City in a Champions League knockout match. It is becoming a classic rivalry of...