In a bid to support the country’s small and medium enterprises, the government is investing 8.2 billion Ghana cedis through the newly launched SME Growth and Opportunity Programme.
The initiative aims to provide targeted financial and technical assistance to high-potential SMEs, equipping them with the necessary resources to expand and thrive in a competitive market.
President Nana Akufo-Addo highlighted the modalities of the programme during its launch.
“The programme will be coordinated by the Ministry of Finance and the Ministry of Trade and Industry. Moreover, the Ghana Enterprises Agency (GEA), Ghana EXIM Bank, and the Development Bank Ghana (DBG) will be the principal implementing agencies for this programme. These institutions will offer support to programme beneficiaries directly and indirectly through PFIs.”
“Ghana Exim Bank will be supported with GHS 700 million to offer SMEs highly subsidised financial support for both capital and operating expenditures and offer capacity building to programme beneficiaries. A dedicated window for the One District One Factory initiative is also set up to ensure optimal synergies with this structural project.
“GEA, on the other hand, will be supported with GHS 230 million and target high-growth SMEs employing 100 persons or less with small-scale grants and loans of up to 2 years at highly subsidised rates.”
”Finally, DBG will contribute to the initiative through its newly created MSME Innovate and Grow Fund. Through financial institutions, it will provide loans for up to 5 years for MSMEs, with tailored repayment conditions to best support businesses. The loan amount will be decided on a case-by-case basis out of an envelope of GHS 1.4 billion,” he added.
Finance Ministry, Dr. Mohammed Anin Adam, also shared the vision of the programme.
“This ambitious Programme marks a big step toward strengthening the entire SME ecosystem in the medium term. I firmly believe that this initiative will unlock the full potential of Ghanaian SMEs, creating a new wave of entrepreneurs and business leaders who will drive our economy forward.”
“Indeed, this programme is the largest SME financing initiative in the history of our country; and perhaps in Africa. And we must acknowledge the contributions of our partners – Development Bank Ghana, International Finance Corporation, Ghana Enterprise Agency, and Ghana EXIMBANK. I would like to also commend the technical team in the Ministries of Finance and Trade and Industry who worked tirelessly with my colleague Hon. K.T. Hammond and me over the last 3 months from the conception of the initiative to its launch today.”
A beneficiary of the programme, Sadiq Abdullai who spoke to Citi Business News said “I am grateful for this opportunity. I am looking forward to using this capital to expand my business.”
The SME sector remains the cornerstone of the economy, representing approximately 90 percent of businesses in the country.
With approximately 850,000 SMEs, the sector represents about 90 percent of all businesses in the country. SMEs in Ghana contribute significantly to the economy, constituting around 70 percent of the country’s GDP and providing 80 percent of private sector employment.
Despite their significant contribution to the country’s economy, the sector battles several challenges, including access to credit.
![Minister for Foreign Affairs, Samuel Okudzeto Ablakwa, [right] Nigerian High Commissioner-designate of Nigeria to Ghana, Shehu ILU Barde [left]](https://www.citinewsroom.com/wp-content/uploads/2026/07/gh-naija-350x250.jpeg)
