{"id":289236,"date":"2017-01-29T17:01:47","date_gmt":"2017-01-29T17:01:47","guid":{"rendered":"http:\/\/citifmonline.com\/?p=289236"},"modified":"2017-01-29T17:01:47","modified_gmt":"2017-01-29T17:01:47","slug":"solving-funding-needs-of-smes-will-curb-unemployment-in-ghana-prof-aryeetey","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/01\/solving-funding-needs-of-smes-will-curb-unemployment-in-ghana-prof-aryeetey\/","title":{"rendered":"Solving funding needs of SMEs will curb unemployment in Ghana &#8211; Prof. Aryeetey"},"content":{"rendered":"<p>Former Vice Chancellor of the University of Ghana, Professor Ernest Aryeetey has advocated innovative measures in meeting the funding needs of Small and Medium Enterprises (SMEs) in the country.<\/p>\n<p>Professor Aryeetey argues that the country could significantly reduce the alarming unemployment rate should SMEs grow and create more jobs for the teeming unemployed youth.<\/p>\n<p>He made the remarks at the third Flamingo awards by the Institute for Financial and Economic Journalists (IFEJ) in Accra last Friday.<\/p>\n<p>&#8220;&#8230;SMEs, when well-developed, can fill the unemployment vacuum the country is currently saddled with,&#8221; Professor Aryeetey asserted.<\/p>\n<p><img loading=\"lazy\" class=\"aligncenter wp-image-68252 size-full\" src=\"http:\/\/citibusinessnews.com\/wp-content\/uploads\/2017\/01\/WhatsApp-Image-2017-01-29-at-08.37.56.jpeg\" alt=\"WhatsApp Image 2017-01-29 at 08.37.56\" width=\"640\" height=\"360\" \/><\/p>\n<p>Professor Aryeetey also a former Director of the Institute of Statistical, Social and Economic Research (ISSER) further made a case for Ghana to streamline the activities of the microfinance sector.<\/p>\n<p>He argues that\u00a0the regulation of the microfinance sector would be more workable if linked to larger financial institutions like banks, as practiced in other countries such as Sri Lanka and Kenya.<\/p>\n<p>Famous Kwesi Atitsogbe was adjudged the Best Financial and Economic Journalist of the year.<\/p>\n<p><img loading=\"lazy\" class=\"aligncenter wp-image-68250 size-full\" src=\"http:\/\/citibusinessnews.com\/wp-content\/uploads\/2017\/01\/WhatsApp-Image-2017-01-29-at-08.37.53.jpeg\" alt=\"WhatsApp Image 2017-01-29 at 08.37.53\" width=\"640\" height=\"360\" \/><\/p>\n<p>He also won the awards for the Best in Tourism and Best in Microfinance\/Rural Banking and SMEs.<\/p>\n<p>Famous gets the opportunity to attend the World Bank Spring meetings in Washington DC, USA as part of his award for the overall best Financial and Economic Journalist.<\/p>\n<p>He also received an Ipad.<\/p>\n<p><img loading=\"lazy\" class=\"aligncenter wp-image-68251 size-full\" src=\"http:\/\/citibusinessnews.com\/wp-content\/uploads\/2017\/01\/WhatsApp-Image-2017-01-29-at-08.37.55.jpeg\" alt=\"WhatsApp Image 2017-01-29 at 08.37.55\" width=\"640\" height=\"360\" \/><\/p>\n<p>Other winners at the awards ceremony were; Kwabena Adu Koranteng who took home the Best in Extractive and Rebecca Adwoah Awuah, Best Business and Manufacturing.<\/p>\n<p>The rest are Maxwell Akalaare Adombila, who took best in Agribusiness, Adnan Adams Mohammed, Best in Finance, and Kwabena Adu Koranteng, Best Development.<\/p>\n<p>The theme for this year\u2019s awards ceremony was &#8220;Strengthening Micro Finance Institutions to enhance the growth of rural and micro enterprises.&#8221;<\/p>\n<p>&#8211;<\/p>\n<p>By: Jessica Ayorkor Aryee\/Anita Arthur\/citibusinessnews.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former Vice Chancellor of the University of Ghana, Professor Ernest Aryeetey has advocated innovative measures in meeting the funding needs of Small and Medium Enterprises (SMEs) in the country. 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