The enhancing development in New organizations (ENGINE) Programme has organised an investment dialogue for entrepreneurs within the Northern vicinity to facilitate the access to a more cost effective source of funding for his or her companies.
The programme, organised in collaboration with the Ghana stock exchange (GSE), was held in Tamale on the theme: ‘raising Capital on the Ghana substitute Market.’
The communicate used to be co-funded via the African progress financial institution (AfDB) through the Ministry of Finance and the division for global development (DFID).
The programme used to be organised more often than not to make clear the problems with regards to list on the Ghana substitute Market (GAX) and the way it could help to furnish a reasonably cheaper source of money to entrepreneurs looking for capital which can not be supplied by means of typical economic institutions in Ghana.
Opening the programme, Mr Ekow Afedzie, the Deputy Managing Director of GSE, mentioned GSE had created an substitute Market to goal and facilitate the checklist of SMEs onto the stock Market.
He described it as a good platform for promising SMEs who’re thinking of having medium to long term funds.
The dialogue, which introduced together over a hundred and seventy members, provided opportunities to promising entrepreneurs identified by way of the ENGINE programme to seek alternative sources of funding for his or her firms.
The session additionally helped the entrepreneurs to deepen their recognition of fairness financing via record on the Ghana replacement Market.
Mr Francis Opoku-Mensah, the manufacturer Finance manager of ENGINE, instructed entrepreneurs to take advantage of latest emerging funding possibilities from the GAX to comfortable long run capital to scale up their companies.
He explained that this is able to help address investment gaps that SMEs in Ghana were confronted with accordingly of high cost of capital and absence of long run funds to be had for investments with the aid of the fiscal institutions.
The GAX is an innovative market operated by the GSE, which specializes in organizations with talents for progress and contains organizations at more than a few levels of their development including -united states of americaand existing organisations, both small and medium.
The African progress bank is supporting the checklist of Small and Medium agencies on the GAX with an curiosity free funding.