Miss Stephanie Adongo, a Senior Assistant Registrar at the School of Veterinary Sciences who doubles as the Secretary of the UDS Chapter of the Ghana Association of University Administrators (GAUA), and who is also the CEO of Tevonwa Limited, a rice processing firm, was among the five Ghanaian Small Medium Enterprises (SME) to receive a GH₵1 million financial support as beneficiaries from a pilot phase of SME Growth and Opportunity (GO) programme.

President Nana Addo Dankwa Akufo-Addo presented a dummy cheque to the beneficiaries, including Miss Stephanie Adongo, at the launch of the 8.2 billion intervention programme for SMEs.

The Government, through the Ministry of Finance and the Ministry of Trade and Industry developed the programme with the objective of providing targeted financing solutions and technical assistance to support SME to expand and create jobs.

Speaking during the SME GO summit, which was held under the theme, “Breaking Barriers to SME growth”, Dr Mohammed Amin Adam, the Minister of Finance, said supporting SMEs was crucial to achieving the growth and development ambition of the country.

He explained that harnessing the potential of homegrown SMEs was a stable way of building a prosperous and competitive economy. 

Spearheaded by the Ministries of Finance and Trade and Industry, this initiative aims to provide coordinated financial and technical support to high-growth potential SMEs, driving economic growth and development.

In their addresses, President Nana Addo Dankwa Akufo-Addo, Dr. Ernest Addison, Governor of the Bank of Ghana; Dr. Akinwumi Adesina, President of the African Development Bank Group and K.T Hammond, Minister for Trade and Industry all underscored the importance of SMEs in Ghana’s economic landscape.