Investment Fund to Be Established

The Minister of Trade and Industry, Dr. Kofi Konadu Apraku has said that a Ghana Investment Fund (GIF) will be established to provide additional financial resources to accredited investors.

He said this is to run along side the Export Development and International Fund (EDIF) which seeks to make available, financial resources for development and promotion of Ghana's export trade.

The sector minister said government's trade and industry policy objective is to increase productivity of the sector and create a vibrant, competitive and innovative industrial sector capable of competing in the global economy.Launching the MSE radio programme in Accra on Friday, Dr. Konadu Apraku observed that the New Patriotic Party government will spearhead any initiative that would make the private sector and Non-Governmental Organisations (NGOs) the engine of growth of the economy.

MSE Radio is a commercial radio programme for micro, Small and Medium Enterprises (MSMEs). It is an audience specific programme, which provides a voice for small entrepreneurs. The programme was initiated by the International Labour Organisation (ILO) under its In Focus Programme for boosting employment through small enterprise development- SEED.

In addition, MSE radio programme identifies obstacles in the way of small businesses, seeks solutions to problems by engaging the attention of the authorities and bringing together all the stakeholders so that Africa's much-neglected engine of growth can keep running.

He added that the SME sector therefore needs to change their attitude regarding the way they do things.

At the moment, Kapital FM in the Kumasi metropolis has started running its own programme for small businesses and would soon be followed by Choice FM, Obonu FM and Top FM in Accra. Others are Asta FM, Eastern FM, Shaft FM and Kapital FM.