CAPE C: 32 small-scale industries in C/R benefits from EDAIF Fund
Mr. Noah Aguh, a Senior Research Officer at the Export Development and Agricultural Investment Fund (EDAIF), on Wednesday announced that the Fund since its establishment has supported about 32 small-scale industries in the Central Region with GH¢11.78million.
He said the package, which is an expansion of the Export Development and Investment Fund (EDIF), provides financial support to non-traditional export traders through grants and credit facilities with very low interest rates.
Mr Aguh asked registered businesses with business plans that needed financial assistance to start or expand their businesses to be able to make good use of the Fund.
He asked those who have already benefited from the loans to repay on time to enable others to enjoy the package.
Mr Aguh was speaking at day’ outreach programme, organized by the Ministry of Trade and Industry (MOTI) for its stakeholders and a cross section of the public, to increase their awareness and knowledge about the Ministry’s activities and programmes, in Cape Coast.
The event was attended by more than 100 participants, including those from the Ghana Union of Trade Association, market women, business men and business women, farmers as well the members of Association of Tailors and Dressmakers, in Cape Coast.
The programme sought to promote positive attitudes and canvas the support and commitment of stakeholders, particularly the private sector for the Ministry and its activities in order to develop a strong and good working relationship with them.
Addressing the gathering, Nii Ansah-Adjaye, Chief Director of the MOTI, said the Ministry strengthens trade and industry growth by building the capacity of the private sector to become globally competitive, enhance their efficiency and productivity capacity as well as facilitate access to external markets.
He noted that the Ministry has the responsibility of ensuring that all policies, programmes and activities were brought to the door steps of its stakeholders, to increase their level of awareness and enable them to better appreciate and understand these initiatives.
Nii Ansah-Adjaye asked participants to help develop and implement good programmes to enhance economic growth and development, create jobs, facilitate revenue generation, ensure good health and safety as well as improve the livelihoods of Ghanaians.
Mr. Kofi Addo, official at the Industry Directorate of the MOTI, said the Directorate attracted the needed investment into the Small and Medium scale Enterprises in order to make them more productive.
He said that increased productivity results in more jobs, which could help improve the country’s socio-economic status.
Mr Addo said more entrepreneurship development and training was needed for those working industrial set up.
Other presentations were made by representatives from the Ghana Standards Authority, Micro Small and Medium Enterprises, Central Regional Development Commission, Gratis Foundation and the Trade Directorate.
Osabarima Kwesi Atta II, Omanhen of Oguaa, called on the participants to upgrade the skills and knowledge to be able to compete globally.