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    Mahama begins Western Region tour with new dual carriageway project

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    A Senior Finance Lecturer at the University of Cape Coast Business School, Dr. Seyram Kawor, says the upcoming 2026 budget will serve as a key test of the government’s commitment to fiscal discipline and sustainable economic management.

    2026 Budget Will Test Govt’s Commitment to Fiscal Discipline – Dr. Seyram Kawor

    The International Monetary Fund (IMF) has advised the Government of Ghana to exercise caution and adopt a strategic approach in implementing its current market intervention program aimed at stabilizing the local currency.

    IMF Urges Ghana to Be Strategic in Market Intervention Efforts

    The Nigerian film industry has once again witnessed love take center stage as popular Nollywood actress Eve Esin tied the knot with her Ghanaian partner, Suleman, in a colourful and emotional ceremony held over the weekend in Uyo, the capital city of Akwa Ibom State.

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    ShattaFest 2025: Shatta Wale Sets Independence Square Ablaze With an Unforgettable Night of Music and Unity

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MSMEs in Ghana face substantial challenges – Prof. Agyapong

Aba Aikins Appah by Aba Aikins Appah
3 years ago
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MSMEs in Ghana face substantial challenges – Prof. Agyapong
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A professor of finance and entrepreneurship at the University of Cape Coast, Prof. Daniel Agyapong notes says as the world marks the international day for Micro, Small and Medium-sized Enterprises today June 27, MSMEs continue to face substantial challenges.

Key among them he explains is the limited access to finance that impedes their growth.

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Prof. Daniel Agyapong notes that small and medium-size businesses constitute about 70% of businesses in Ghana giving employment to the youth in the country.

However, he revealed that despite the enormous contributions of MSMEs to business growth in Ghana, the emergence of the COVID 19 has had a severe impact on the activities of MSMEs in Ghana.

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This year, the International Trade Center (ITC) marks the 5th anniversary of MSME under the theme, resilience, and rebuilding: MSMEs for sustainable development at the forefront of building back better and stronger from the impacts of the covid-19 pandemic, climate crises, and conflicts.

To Prof Daniel Agyapong, the theme is timely and very vital to revitalizing the decline of the activities of MSMEs in the country.

He said although government has invested in MSMEs in an attempt to help them recover from the impact of the COVID-19, there is more to be done to keep micro, small, and medium-sized enterprises up to task. 

He added that “small businesses require assistance more than ever as they deal with the effects of COVID 19, conflict and climate issues.”

Professor Daniel Agyapong is of the view that the future is bright if much attention is given to MSMEs in Ghana.

Highlighting some business areas yet to be tapped into, he said “the palm oil sector is still green because we have not been able to meet global demands. Even the arts and culture and craft industry are still huge, they are huge opportunities that we can still take advantage of. Tourism still remains one of the biggest areas for us to also take advantage of, agro-processing, processing of fruits, processing of other essential vegetables, these are still gray areas that we are yet to take full advantage of.”

International day for Micro, Small, and Medium-sized Enterprises explained

Micro, Small, and Medium-sized Enterprises (MSMEs) Day is celebrated every year on 27 June. The day is marked to recognize the contribution of these industries to the implementation of the Sustainable Development Goals.

By observing the Micro, Small, and Medium-sized Enterprises Day, the UN wants countries to recognize sustainable development goals and create awareness about them.

According to a report from the International Council for Small Businesses (ICSB), micro, small, and medium-sized enterprises (MSMEs), both formal and informal, account for over 90% of all firms, 70% of all employment, and 50% of GDP on average.

It is at the back of this that in 2017, a resolution was adopted by the UN General Assembly with the 27th of June of each year declared as Micro, Small, and Medium-sized Enterprises Day to increase public awareness of these businesses’ contribution to the sustainable development and the global economy at large.

Read also: Students urged never to give up on their quest for educational excellence

Source: Dorcas Akpakudi/ATLFMNEWS

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Mahama begins Western Region tour with new dual carriageway project

Mahama begins Western Region tour with new dual carriageway project

October 21, 2025
A Senior Finance Lecturer at the University of Cape Coast Business School, Dr. Seyram Kawor, says the upcoming 2026 budget will serve as a key test of the government’s commitment to fiscal discipline and sustainable economic management.

2026 Budget Will Test Govt’s Commitment to Fiscal Discipline – Dr. Seyram Kawor

October 20, 2025
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