ACCRA, Ghana’s Trade and Industry Minister, Alan Kyeremanteng, says the government will establish a two billion US dollars Industrial Development Fund to provide medium to long-term financing support to those engaged in manufacturing and production.
The fund forms part of the government’s three key transformational initiatives to support the private sector to help accelerate development and boost productivity, he said Thursday when opening the five-day Eastern Region (Province) Trade Fair and Exhibition at Koforidua, the regional capital, about 90 kilometres north of here.
The government would provide a stimulus package to assist existing companies facing operational challenges but are potentially viable and are looking for financial assistance, he said.
Kyeremanteng added that thegovernment would refocus the operations of the National Investment Bank so that it concentrates more on financing industrial development.
Source: NAM NEWS NETWORK