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GETFund was setup under the GETFund Act 581, 2000 by the Parliament of the Republic of Ghana. It was officially on August 25, 2001 as a source of revenue to finance the educational sector, particularly the tertiary level. [5] The fund was established under the Rawlings Government with Dr. Ekow Spio-Garbrah as the then Minister of Education. [6]
About 110,000 MSMEs in Ghana were said to be owned by women who have benefited from the funds set by the government. [13] In October 2020, government launched an amount to aid banks in Ghana to give financial help to SMEs for their recovery from the shocks of the pandemic. [14]
As of April 2010, ADB was the leading financial institution in agricultural financing in Ghana, responsible for 35% of the total bank industry financing of agriculture. [7] In September 2010, the bank was recognized as Bank Of The Year at the Africa Investor Agribusiness Awards , in Durban , South Africa , the first institution so recognized ...
The Ghana Enterprises Agency (GEA) is a Ghanaian government agency under the Ministry of Trade and Industry. [1] [2] The GEA is mandated by the Ghana Enterprises Agency Act, 2020 (Act 1043) to promote and develop MSMEs in Ghana. [3] It replaced the National Board for Small-Scale Industries (NBSSI).
Ghana COVID-19 Private Sector Fund is an initiative by the Government of Ghana (GOG) to help fight the novel corona virus pandemic. The fund was established by ten businessmen and women to raise GHC 100,000 to support the effort of the government by providing intervention to support the public who have been hard hit by the COVID-19 pandemic in Ghana either economically, socially and politically.
The Trust used to manage the Social Security Scheme as a Provident Fund Scheme until 1991. After that, it changed to a Social Insurance Pension Scheme, which was governed by the PNDC law 247. [1] In Ghana, there were changes made to the pension system by a law called Act 766 of 2008. [1]
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The DBG was conceived in 2017 , established in 2020, awarded license to operate by Bank of Ghana in 2021 and launched in June 2022. [10] [11] It was established to complement two other government-owned financial houses established before, namely the Agricultural Development Bank of Ghana and the National Investment Bank. However, they lacked ...