MSME Funding Options in Ghana for Business Growth

Written By Techage Business

21 February, 2025

Discover various funding opportunities available for MSMEs in Ghana through SME Go, an initiative by the Ministry of Finance

Access to funding is one of the biggest challenges faced by Micro, Small, and Medium Enterprises (MSMEs). Without adequate financial support, businesses struggle to expand, invest in technology, or improve operations. To address this issue, the Government of Ghana, through the Ministry of Finance, has launched SME Go, a platform designed to connect MSMEs with financial resources.

1. Government-Backed Loans

SME Go provides access to low-interest loans supported by the government. These loans help businesses secure capital without the burden of high-interest rates from traditional banks. Eligible businesses can apply online and receive financial assistance tailored to their needs.

2. Grants for MSMEs

The platform offers grant programs for startups and established MSMEs. These funds are provided without the obligation of repayment, enabling businesses to invest in growth, infrastructure, and workforce development.

3. Venture Capital and Equity Financing

For businesses looking for long-term investment, SME Go connects MSMEs with venture capital firms and equity investors. This funding option allows businesses to raise capital in exchange for a share of ownership, promoting sustainable growth.

4. Business Development Services

Apart from financial aid, SME Go offers business support services, including mentorship, training, and advisory programs. These services help MSMEs strengthen their operations and improve financial management.

5. How to Apply

MSMEs can access these funding options by visiting the SME Go portal. The application process is straightforward, requiring businesses to provide details such as registration documents, business plans, and financial statements.

Funding is essential for MSMEs to scale and sustain growth. Through SME Go, businesses in Ghana can explore various financing options, ensuring they have the capital needed to succeed. Explore more financial solutions services page or contact us for assistance.


0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Get In Touch Now

Office

18 junction, Spintex – road, Tema

Call Us

+233 552-242-053
+233 500-007-098