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  • Who we are

    The Ministry of Finance, as the sector ministry for the financial sector, has a mandate to ensure the growth, development, and stability of the financial system. In carrying out this mandate the ministry as a central agency collaborates with relevant ministries, departments, and agencies (MDAs) through various initiatives and interventions.

    The national development strategy, i.e. the Ghana Shared Growth and Development Agenda (GSGDA II) has the private sector as one of the key cornerstones of the nation’s medium term development plan. In addition, programmes pursued under the second phase of the Private Sector Development Strategy (PSDS II) and the Industrial Sector Support Programme (ISSP) are geared towards supporting SMEs by creating an environment conducive for increased private sector activity.

    In Ghana, the focus of policy interventions for the promotion of SMEs have generally been on supporting entrepreneurial training and labour skills development; promoting the transfer and use of appropriate technology within the SME sector; establishing linkages between small industries and large industries; and also increasing SME access to sources of funds, decreasing the strong dependence on collaterals in credit disbursements, as well as providing safeguards for the credit delivery system.

    Our agencies

    The Government of Ghana (GoG) further supports SMEs through agencies like the Export Development and Agricultural Investment Fund (EDAIF); Microfinance and Small Loans Centre (MASLOC); Venture Capital Trust Fund (VCTF); Eximguranty Company Ghana Limited and The National Board for Small Scale Industries (NBSSI).

    • Microfinance and Small Loans Centre (MASLOC) is responsible for the prudent and judicious management of GoG programmes on micro and small-scale credit in response to the acute lack of financial support for micro, small and medium enterprise sector.

      MASLOC
      Micro-Finance and Small Loans Centre (MASLOC)
      29 Third Circular Road, Cantonments
      Private Mail Bag 261
      Cantonments
      Accra - Ghana.
      Tel: +233 -0302- 782527, 0302-782528, 0302-782643
      Fax: +233 – 302-782532
      www.masloc.gov.gh/

    • Export Development and Agricultural Investment Fund (EDAIF) also provides financial resources for the development and promotion of the export trade, agriculture related to agro-processing and industrial development. They finance the development and promotion of Ghana’s non-traditional export, agriculture, agro-processing and industrial sectors on concessionary terms that promote the growth and prosperity of export firms and SMEs, improve export and industrial competitiveness and enable the sectors to contribute towards the economic growth and development of Ghana.

      EDAIF
      Head Office
      3rd Floor, GOC Building, Ridge Accra
      Postal Address
      P. O. Box MB 493, Accra,Ghana
      Telephone: 0302 234668 / 0302 234669
      Fax: 0302 234664
      http://www.edaifgh.org/

    • Eximguaranty Company (GH.) Ltd is involved in the facilitation of credit access between Banks and the SME sector of the Ghanaian economy through credit guarantees and insurance cover. They also grow and develop the capacity of identified SMEs through the modernization of their operations, improve managerial competence, expand production capacities and facilitate the flow of credit from financial institutions.

      Eximguaranty Company GH. Ltd
      27 Noi Fetreke Street
      Roman Ridge Ambassadorial Estates Extension
      P.O. Box 18543, Accra, Ghana
      Tel: 233 302 768763-4
      Fax: 233 302 768884
      Email: Info@eximghana.com
      http://www.eximghana.com/

    • Venture Capital Trust Fund (VCTF) provides low cost financing to businesses especially SMEs. The objective was also to promote venture capital financing industry in the country. Since its inception, the VCTF has disbursed over US$12 million to various companies including SMEs.

      Venture Capital Trust Fund
      12th Floor Premier Towers, Ministries, Accra
      Tel: +233 [0] 302 671 459
      Fax: +233 [0] 302 672 590
      Email: info@venturecapitalghana.com.gh
      http://venturecapitalghana.com.gh/
  • How we support SMEs
    Our interventions

    Government’s SME fund: The fund is expected to receive more than $20m from the Export Development and Agricultural Investment Fund, in addition to loans and grants from development partners.

    Ghana Export Import Bank (Ghana EXIM): As part of Government transformational agenda towards achieving an export led economy, the Ministry is leading the establishment of Ghana Export Import Bank (Ghana EXIM) to finance export (notably high industrial and agricultural products); guarantee loans; provide export insurance, support SMEs and other businesses, and strengthen economic cooperation

    Partnership for Growth (PFG) – SME Strategy: The SME Strategy under the Partnership for Growth (PFG) with United States Government (USG) seeks to inform policy decisions with regards to private sector development to improve access to finance and enhance the management and operational capability of SMEs. It also seeks to continue encouraging Ghanaian banks to establish SME units and supporting the implementation of an SME window on the GSE as well as secondary markets for bond and equity.

    Our initiatives

    Financing Ghanaian Agriculture Project (FINGAP): The USAID funded programme exists to focus on crowding in investment and finance for agriculture production, processing and logistics in the country’s northern breadbasket by increasing the competitiveness of rice, maize and soya value chains in ways that foster broad-based and sustained growth. Government through the Ministry of Agriculture provide various support in the form of grants to some specific sectors such as the poultry, fisheries subsectors among others.

    Financial Literacy and Public awareness programme: The Ministry collaborates with key stakeholders to organise regional fora that ensure consumers are well informed and capable of making sound financial decisions to complement the broadening and deepening of financial services. The purpose is to create public awareness of financial services, products and opportunities available to households, Micro, Small and Medium Enterprises (MSMEs) and the private sector in general. Key activities undertaken during the awareness programme include the regional public fora across the country and National quiz on finance for Senior High Schools (SHS).

    Development of a Financial Inclusion strategy: A national steering committee was established in 2014 to oversee the preparation of the national financial inclusion strategy. So far, a final report on the Mapping of the Financial Inclusion Landscape in Ghana has been developed. The output will serve as input for the deliberations of the Financial Inclusion Steering Committee as well as for the development of national financial inclusion strategy.

    Survey: In 2010, the Ministry of Finance conducted "The FINSCOPE Ghana Survey 2010" which studied consumers' perceptions on financial services and issues. This generated insights into how consumers source their income and manage their financial lives. It sampled the entire adult population, rich and poor, urban and rural to form a basis for segmentation to support product development and policy targeting to address the constraints affecting the deepening of the financial system. The results of FinScope was purposed to provide the foundation for evidence-based dialogue that will ultimately lead to effective public and private sector interventions.

  • Contact Us

    MASLOC
    Micro-Finance and Small Loans Centre (MASLOC)
    29 Third Circular Road, Cantonments
    Private Mail Bag 261
    Cantonments
    Accra - Ghana.
    Tel: +233 -0302- 782527, 0302-782528, 0302-782643
    +233 – 302-782532 www.masloc.gov.gh/

    EDAIF
    Head Office
    3rd Floor, GOC Building, Ridge Accra
    Postal Address
    P. O. Box MB 493, Accra,Ghana
    Telephone: 0302 234668 / 0302 234669
    Fax: 0302 234664
    http://www.edaifgh.org/

    Eximguaranty Company GH. Ltd
    27 Noi Fetreke Street
    Roman Ridge Ambassadorial Estates Extension
    P.O. Box 18543, Accra, Ghana
    Tel: 233 302 768763-4
    Fax: 233 302 768884
    Email: Info@eximghana.com
    http://www.eximghana.com/

    Venture Capital Trust Fund
    12th Floor Premier Towers, Ministries, Accra
    Tel: +233 [0] 302 671 459
    Fax: +233 [0] 302 672 590
    Email: info@venturecapitalghana.com.gh
    http://venturecapitalghana.com.gh/