Chief Executive of the Venture Capital Trust Fund, Daniel Duku says new strategies are being adopted to ensure that a lot more small and medium sized enterprises access the fund.
The fund which was set up to support SMEs grow and also build their capacity has made some giant strides in the year under review with a total committed capital of about US$60 million.
Some of the SME’s who spoke to Joy Business during the climax of the Venture Capital Trust Fund Road show in Accra, complained about the difficulty in accessing the funds.
They said the process of accessing the fund us laborious and cumbersome.
Some complained of problematic clauses, which they say can be scary.
Mr. Duku said a lot more is been done in terms of education to ensure that SME’s are schooled on the benefits of venture capital.
Trade Minister Hannah Tetteh who gave the keynote address, implored SMEs in the country to be professional in the way they manage their businesses.
She said they must recognize that they money made available to them is not supposed to end with them but they have to make it available for others to benefit from.
Source: Joy News/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
Vice President Jane Naana Opoku-Agyemang is recuperating – Mahama
5 minutes -
Offer good governance and improved development – Ahafo Minister tells MMDCEs
9 minutes -
Daily Insight for CEOs: Customer-centric transformation – Competing on experience, not just product
17 minutes -
University of Cape Coast Lecturer praises government’s ‘One Million Coders’ Initiative
23 minutes -
Ghana’s Free Sanitary Pad Programme: 6 lessons from Kenya
32 minutes -
SHS 2 students to choose a foreign language in new curricula – Education Minister reveals
40 minutes -
Tema Traditional Council expresses displeasure over non-indigenous MCE nominations
45 minutes -
NACOC intercepts 73 slabs of suspected cocaine bound for the Netherlands, 4 arrested
49 minutes -
34-year-old taxi driver arrested for allegedly killing his 23-year-old girlfriend
1 hour -
Deliver or step aside – Mahama warns Ministers
1 hour -
Adom Brands commiserates with Akumaa Mama Zimbi over mother’s demise
1 hour -
TTH doctors’ demands are not far-fetched, an apology is justified, but … – Minority
1 hour -
One dead, others injured in military-civilian clash at Nyinahini
2 hours -
Old Tafo MP files injunction against suspension of Chief Justice
2 hours -
GEXIM deepens relations with US Exim Bank
2 hours