The SME High Growth Programme is being carried out by the Ghana Economic Transformation Project (GETP) for Small and Medium-sized Enterprises, which is sponsored by the World Bank and run by the Ghana Enterprises Agency (GEA), an agency under the Ministry of Trade and Industry.
The program is also a component of the government’s aim to support private enterprise as a means of encouraging long-term job creation and economic expansion.
Small and medium-sized businesses in specific non-resource-based industries are the focus of the SME High-Growth Challenge Fund, which is a program of the GETP with the goal of boosting their productivity and competitiveness.
Mr Isaac Yankson, the Western Region Trade Officer, told the GNA in an interview that the SME High Growth Programme would focus on high-growth small and medium-size enterprises in selected sectors of the economy.
The SME High Growth Programme would also provide capacity building and financial assistance to boost the productivity and competitiveness of small and medium-size enterprises with high potential for scaling up their operations, increasing sales, and creating sustainable jobs.
He added that the Programme would focus strongly on youth and female-owned enterprises, enterprises owned by Persons Living with Disabilities as well as businesses that are into exporting.
Mr. Yankson encouraged SMEs to take advantage of and apply for the grant to shore up productivity and advance economic growth.