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August, 2020 Page 9
AGI - INTERNATIONAL MSMEs DAY
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count on the advocacy and available SME financing
business development schemes had not been
support of AGI and we able to null the void. “For
urge you to cooperate with this reason, our MSMEs
us to work towards remain undercapitalized.
improving the business Our SMEs continue to
environment for your yield to pressure from
businesses to thrive,” it imports and unfriendly
said. business regulations.
The statement re- COVID-19 has also taken
Humphrey Ayim Darke affirmed the AGI
AGI Vice President a significant toll on our
he Association of commitment to the local industry of which
Ghana Industries development of MSMEs in MSMEs were the worst
T(AGI) has urged Ghana, which represents hit,” it said.
the government to an estimated 90 percent
implement policies that will of all businesses in Ghana. A number of these firms
help Micro, small and have had to suspend
medium enterprises MSMEs in Ghana are key business operations with
(MSMEs) build resilience, actors in job creation, other downsizing to keep
local production capacity revenue generation for afloat.
and enhance medium-term Government, and
growth. Ghanaweb contributing to GDP While we commend the
businessnews reported on through various economic Government for the Gh¢
th
29 June, 2020. activities, it said, adding 600 million relief package
In a statement signed by that many advanced and the 50 percent
Mr Humphrey Ayim Darke, economies today attribute subsidy on electricity,
the AGI Vice President to their growth and success AGI believes the
mark the International to the role of MSME in sustainability and
MSMEs day, the national development and timeliness of Government
Association said it would Ghana is not an exception. interventions were crucial
continue to dialogue with for the continuity of
the Government to ensure The statement highlighted business.
sustainable development of access to and cost of
our MSMEs in Ghana. credit of two major We welcome efforts by
decade-old bottlenecks the Government to extend
“Our SMEs can continue to faced by MSMEs, yet similar relief support to
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