From Ghana Web

The Rural Enterprises Project (REP) under the auspices of the government has set aside a six-million dollar credit facility to support micro and small businesses in the country. The facility would be made available through the project’s matching grant fund and rural enterprises development fund.

The National Director of REP, Akwasi Atta Antwi announced this at a day’s orientation workshop on REP credit facility for financial institutions and business advisory centres in Sunyani. It was part of a series of sensitisation workshops for 100 financial institutions and business advisory centres from participating districts of the rural enterprises programme.

In particular, the workshop is to highlight the role of the business advisory centre in credit delivery at the district level. He said $1.9 million out of the amount would be devoted to the matching grant fund to help about 7,000 businesses to acquire production and processing equipment to grow their businesses.

Mr. Atta Antwi said the remaining $5.1million would be disbursed to 22,000 micro and small enterprises through the rural enterprises development fund. He said in order to develop the full potential of rural micro and small enterprises in Ghana, a district day’s model for supporting rural businesses had been implemented since 1995.

Read more at Ghana Web