{"id":77591,"date":"2024-07-14T07:17:28","date_gmt":"2024-07-14T07:17:28","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/finance-minister-meets-banks-ahead-of-mid-year-budget-review"},"modified":"2024-07-14T08:37:51","modified_gmt":"2024-07-14T08:37:51","slug":"finance-minister-meets-banks-ahead-of-mid-year-budget-review","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/finance-minister-meets-banks-ahead-of-mid-year-budget-review","title":{"rendered":"Finance Minister Meets Banks Ahead of Mid-Year Budget Review"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>The Finance Minister Dr Mohammed Amin Adam has engaged banks ahead of the 2024 mid year budget review.<\/b><\/p>\n

During the meeting, he said among other things that the Development Bank Ghana is looking to channel close to GHS 1.4 billion through the financial sector for onward lending to viable Small and Medium scale Enterprises (SMEs).<\/p>\n

Dr Amin Adam stated that the government envisions SMEs being the cornerstone of the economic renaissance and will look to realise this ambition with the launch of the SME Growth and Opportunity Programme next Tuesday 16th of July.<\/p>\n

The Banks, he said, will be absolutely crucial to this initiative.<\/p>\n

\u201cThe Development Bank Ghana as part of the programme is looking to channel close to GHS 1.4 billion through the financial sector for onward lending to viable SMEs. Development partners such as the IFC are also looking to structure a $400 million package to complement this financial support and ensure we can close the financing gap for our SMEs over the medium term,\u201d he said.<\/p>\n

\u201cOur economy is at a pivotal juncture, and it is imperative that we work together to ensure sustainable growth and prosperity for all. This meeting is a testament to our commitment to transparency, inclusivity, and shared responsibility in shaping our economic policies.<\/p>\n

\u201cToday, we will discuss key strategies and policies that will impact our economy. We aim to address current economic issues and explore innovative solutions through your inputs. Your insights and feedback are invaluable, and I encourage open and constructive dialogue throughout our discussions,\u201d he said.<\/p>\n

He added \u201cWe are living in a time of rapid change and uncertainty, but also of great potential. By leveraging our collective expertise and resources, we can create a resilient and dynamic economy that benefits every citizen.<\/p>\n

\u201cThis requires us to be bold in our vision, pragmatic in our approach, and united in our efforts. To that end, Ladies and Gentlemen, the Government has set its sights on creating a viable SME ecosystem that ensures businesses with high-growth potential are given the technical capacity and financing support to scale and rapidly create impact.\u201d<\/p>\n

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

Africa-Press – Ghana. The Finance Minister Dr Mohammed Amin Adam has engaged banks ahead of the 2024 mid year budget review. During the meeting, he said among other things that the Development Bank Ghana is looking to channel close to GHS 1.4 billion through the financial sector for onward lending to viable Small and Medium […]<\/p>\n","protected":false},"author":84,"featured_media":77590,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[429],"class_list":["post-77591","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-ghana"],"yoast_head":"\nFinance Minister Meets Banks Ahead of Mid-Year Budget Review - Ghana<\/title>\n<meta name=\"description\" content=\"The Finance Minister Dr Mohammed Amin Adam has engaged banks ahead of the 2024 mid year budget review. 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