Business News of Wednesday, 27 November 2019Source: www.ghanaweb.comEnterprise Credit Scheme to target youth and entrepreneurship for job creation - Ofori-AttaFinance Minister, Ken Ofori-AttaFinance Minister, Ken Ofori-Atta has explained that the Enterprise Credit Scheme is expected to facilitate job creation for the youth and entrepreneurship ventures. According to him, the scheme, which was announced in his 2020 Budget and Economic Policy will target some GHS2 billion for businesses and entrepreneurs to bring the liquidity that is required to manage their credit. “If you look at the budget that was read on November 13, the new Enterprise Credit scheme which will target some GHS2 billion is meant to bring the liquidity that is required for entrepreneurs and businesses and also see whether we can take some first loss also on de-risking mechanisms which will then enable the lending rates to be much lower,” Ofori-Atta said this in an interview with GhanaWeb. “Our expectation is that, the Enterprise Credit Scheme will catalyze on entrepreneurship and the youth to get into jobs,” he added. Dr Addison, however, assured that the funds will be kept at the Central Bank and made available to institutions that participate in the Scheme.

Source: GhanaWeb November 27, 2019 15:34 UTC