Many organisations claim to be supportive of SMEs or “SME friendly” and yet in practice few actually understand the terrain and offer truly valuable assistance needed to grow businesses. These organisations provide much needed capacity building, funding and advocacy for businesses in Ghana.
Here are 5 of such organisations
1. Association of Ghana Industries (AGI)
The AGI focuses on promoting trade both internally and externally and can be a great resource for securing credible trade partners. They also provide training for members and conduct research that businesses will find useful in decision making.
2. Empretec Ghana Foundation
Empretec was set up to build businesses through training and also improve access to technology and financial services. They provide subsidized finance and technology consultancy services to SMEs as well as subsidized accounting and bookkeeping services for sme groups. They also offer loans to businesses in selected sectors.
3. Ghana Venture Capital Trust Fund
This is a government initiative to provide low cost funding for businesses. The GVCTF assists SMEs by making equity and quasi-equity investments in businesses. In addition they provide support for managerial and technical expertise to help businesses which are viable make the most returns.
With a strong focus on employment creation, poverty reduction and impacting societies, Technoserve provides training for capacity building, connecting different market players and providing funds.
5. Enablis Ghana
Enablis provides skills training and development, financing, coaching and networking opportunities for SME owners. They also have an annual business plan competition with cash awards to help business owners grow their business.