Business News of Tuesday, 19 November 2019Source: Graphic.com.gh20 million dollar fund to be set up for small businessesDr Mohammed Awal, Minister of Business DevelopmentThe Minister of Business Development, Dr Mohamed Ibrahim Awal, has announced plans by the government to set up a special fund to support small businesses to expand their operations and create more jobs. “We want to help small businesses to move to the next level and expand to employ more workers. He said it would provide financial support for young businesses at interest rates lower than 10 per cent. The initiative, he further explained, would enable young businesses to access funding and create employment and wealth. He also called on the government to consider tax exemptions for young businesses to make them more competitive.

Source: GhanaWeb November 19, 2019 10:41 UTC