{"id":73499,"date":"2024-05-17T17:37:52","date_gmt":"2024-05-17T17:37:52","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/finance-minister-signs-mou-with-ebid-to-channel-200m-funding-to-smes"},"modified":"2024-05-17T18:05:07","modified_gmt":"2024-05-17T18:05:07","slug":"finance-minister-signs-mou-with-ebid-to-channel-200m-funding-to-smes","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/finance-minister-signs-mou-with-ebid-to-channel-200m-funding-to-smes","title":{"rendered":"Finance Minister signs MoU with EBID to channel $200m funding to SMEs"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>Minister for Finance, Dr. Mohammed Amin Adam, successfully concluded a one-day working visit to Lome\u0301, Togo, on Friday 10 May 2024, where he signed a strategic Memorandum of Understanding (MOU) with the ECOWAS Bank for Investment and Development (EBID), to provide USD 200 million in funding for Small and Medium Enterprises (SMEs) via concessional lending by the Ghana Exim Bank (GEXIM) and the Ghana Commercial Bank (GCB).<\/b><\/p>\n

The signing ceremony, held at the EBID headquarters, was attended by key stakeholders, including Dr. George Agyekum Donkor, President and Chairman of the Board of Directors of EBID, Mr. Lawrence Agyinsam, Chief Executive Officer of Ghana Exim bank, and Mr. Samuel Aidoo, Executive Director, Wholesale, and Investment Banking at GCB Bank PLC.<\/p>\n

At the signing, the Honourable Minister expressed his gratitude to EBID, stating, \u201cThis partnership with EBID marks a significant step towards driving sustainable economic growth and fostering resilience within our SME sector. The commitment of USD 200 million underscores our dedication to empowering SMEs, creating jobs, and catalyzing innovation for long-term economic prosperity.\u201d<\/p>\n

SMEs constitute 92% of manufacturing, 70% of growth and provide 80% of jobs in Ghana \u2013 Finance Minister<\/p>\n

Dr. George Agyekum Donkor emphasized the importance of collaborative efforts in driving regional development, stating, \u201cEBID is proud to partner with Ghana in this transformative initiative. This injection of funds will not only bolster the SME landscape but also contribute to overall economic growth and development in the region.\u201d<\/p>\n

The significant capital injection into Ghana\u2019s SME space is expected to boost growth, inject foreign exchange into the economy, stimulate job creation, and innovation. This development also aligns with Ghana\u2019s broader agenda of fostering entrepreneurship and sustainable development.<\/p>\n

During his visit to Lome\u0301, Dr. Amin Adam also met with his Togolese counterpart, Honourable Sanni Yaya. The two Finance Ministers discussed areas of economic co-operation towards sub-regional development.<\/p>\n

The partnership between Ghana and EBID sets a precedent for impactful regional collaboration, signaling a collective commitment to private sector-led growth, as a driver of sustainable development and shared prosperity within the ECOWAS region.<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. Minister for Finance, Dr. Mohammed Amin Adam, successfully concluded a one-day working visit to Lome\u0301, Togo, on Friday 10 May 2024, where he signed a strategic Memorandum of Understanding (MOU) with the ECOWAS Bank for Investment and Development (EBID), to provide USD 200 million in funding for Small and Medium Enterprises (SMEs) […]<\/p>\n","protected":false},"author":84,"featured_media":73498,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[5092,5096,429],"class_list":["post-73499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"\nFinance Minister signs MoU with EBID to channel $200m funding to SMEs - Ghana<\/title>\n<meta name=\"description\" content=\"Minister for Finance, Dr. Mohammed Amin Adam, successfully concluded a one-day working visit to Lome\u0301, Togo, on Frida ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/finance-minister-signs-mou-with-ebid-to-channel-200m-funding-to-smes\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finance Minister signs MoU with EBID to channel $200m funding to SMEs\" \/>\n<meta property=\"og:description\" content=\"Minister for Finance, Dr. Mohammed Amin Adam, successfully concluded a one-day working visit to Lome\u0301, Togo, on Frida ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/finance-minister-signs-mou-with-ebid-to-channel-200m-funding-to-smes\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-17T17:37:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-17T18:05:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/05\/sm_1715956240.567393.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/finance-minister-signs-mou-with-ebid-to-channel-200m-funding-to-smes#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/finance-minister-signs-mou-with-ebid-to-channel-200m-funding-to-smes\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Finance Minister signs MoU with EBID to channel $200m funding to SMEs\",\"datePublished\":\"2024-05-17T17:37:52+00:00\",\"dateModified\":\"2024-05-17T18:05:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/finance-minister-signs-mou-with-ebid-to-channel-200m-funding-to-smes\"},\"wordCount\":358,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/finance-minister-signs-mou-with-ebid-to-channel-200m-funding-to-smes#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/05\/sm_1715956240.567393.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"ghana\"],\"articleSection\":[\"all news\",\"Economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/finance-minister-signs-mou-with-ebid-to-channel-200m-funding-to-smes#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/finance-minister-signs-mou-with-ebid-to-channel-200m-funding-to-smes\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/finance-minister-signs-mou-with-ebid-to-channel-200m-funding-to-smes\",\"name\":\"Finance Minister signs MoU with EBID to channel $200m funding to SMEs - 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