GHANA’S SMES BRIEFED ON OPPORTUNITIES TO LIST ON ALTERNATIVE MARKET

The Ghanaian government’s Enhancing Growth in New Enterprises (ENGINE) Programme has organized an investment dialogue for entrepreneurs in Northern Region (Province) to facilitate the access to a cheaper source of funding for their businesses.

The programme, organized in collaboration with the Ghana Stock Exchange (GSE), was held in the Northern Region capital of Tamale on the theme: Raising Capital on the Ghana Alternative Market.

The dialogue was co-funded by the African Development Bank (AfDB) through the Ministry of Finance and Britain’s Department for International Development (DFID).

The programme was organized mainly to clarify the issues relating to listing on the Ghana Alternative Market (GAX) and how it could help to provide a relatively cheaper source of funds to entrepreneurs seeking capital which cannot be provided by traditional financial institutions in Ghana.

Ekow Afedzie, the Deputy Managing Director of the GSE said the exchange had created an Alternative Market to target and facilitate the listing of small and medium enterprises (SMEs) on the stock market.

He described it as a good platform for promising SMEs thinking of having medium to long term funds.

The dialogue, which brought together some 170 participants, provided opportunities to promising entrepreneurs identified through the ENGINE programme to seek alternative sources of funding for their businesses. The session also helped the entrepreneurs to deepen their awareness of equity financing through listing on the Ghana Alternative Market.

Source: NAM NEWS NETWORK