Capital SME, an initiative focused on the growth of small and medium enterprises (SMEs), was launched by the British High Commission this week in hopes of enhancing Ghana’s capital market activity.
The primary goal of the initiative is to have more SMEs listed on the Ghana Alternative Market (GAX).
Capital SME revolves around a website acting as the central hub of the project. The website has been developed and designed to provide critical information about Ghana’s market to the SMEs. This information includes accessing finance, which will help the SMEs build a networking community among businesses, and financial professionals, which could provide a cross-sector effort that will stimulate the growth of Ghana’s capital market.
The initiative’s further stages include increasing activities with government ministries, departments and agencies as well as financial institutions that will support the development of the capital market. Theses stages also have plans for informative conferences and networking events. The goal of the Capital SME is to add five SMEs to the GAX list within a year of being launched.
The Capital SME was launched at the Alisa Hotel with small business owners, financial and professional community representatives, and government officials in attendance.