You are here: HomeSports2020 06 24Article 989395

Business News of Wednesday, 24 June 2020


Tourism Ministry launches US$9 million grant for SMEs

Small and Medium-Sized Enterprises in the tourism sector are set to benefit from a US$9 million dollar Grant Scheme, the Tourism Minister Barbara Oteng-Gyasi, has announced.

According to her, the scheme has been launched to strengthen the industry which has been severely hit by the COVID-19 pandemic.

She said the scheme is under the Ghana Tourism Development Project, a world bank funded project.

“There is the GHS 1 billion stimulus package launched by the President to support Micro, Small and Medium Scale Enterprises (SME) affected by the novel Coronavirus pandemic. There is also a GH¢3 billion Cedis facility for larger businesses. All these are available to our industry. So if you are a player in our industry you can apply to access these funds.”

One thousand Small and Medium Sized Enterprises are expected to benefit from the US$9 million dollar Grant Scheme.

The beneficiaries to be supported under the scheme comprise mainly Ghanaian indigenous businesses in the tourism value chain, including micro businesses that employ between 1 to 5 persons, small businesses that employ between 6 to 30 people, and medium businesses that employ 31 to 100 people.

Interested enterprises are to visit or to begin their application process for the grant.

Send your news stories to and features to . Chat with us via WhatsApp on +233 55 2699 625.

Join our Newsletter