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Ghana Enterprises Agency disburses more than ₵700m to boost MSMEs

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By: Franklin ASARE-DONKOH

The Chief Executive Officer (CEO) of the Ghana Enterprises Agency, Madam Kosi Yankey-Ayeh, has revealed that her outfit has successfully disbursed over GH₵700 million to support Micro, Small, and Medium-scale Enterprises (MSMEs) in the country.

Speaking in an interview with Accra-based JoyNews, Madam Yankey-Ayeh stressed the significant impact of these interventions, highlighting that the funds have been instrumental in empowering and sustaining various businesses across different sectors during and after the COVID-19 outbreak.

When the host inquired about the adequacy of the fund disbursements, the CEO of Ghana Enterprises Agency responded, “In life, you should never be satisfied with what you get. So I would want more, and I think people should want more. The question therefore should not be, Is it enough? The question should be, How can we do more for people?”

She was emphatic that the governmnent is focused on continuous improvement and expansion of support for MSMEs.

The Ghana Enterprises Agency CEO remarked, “In this nation’s history, no government or agency has disbursed so much funds to the micro, small, and medium-scale enterprises in the way we’ve done. It’s unprecedented, never happened before.”

Madam Yankey-Ayeh stressed the importance of not just evaluating the adequacy of the funds but also recognising the unprecedented nature of the agency’s efforts in supporting small businesses.

She urged a shift in perspective, stating, “The question should not be, ‘Is it too small?’ Because it is not about that; it is about even making the effort.”

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