Business News of 2014-04-28

Maiden Ghana SME 100 Rankings Awards launched

Evoke Experiential Ghana Limited has launched in Accra the First Ghana SME 100 Rankings Awards to recognise and celebrate outstanding achievements of small and medium enterprises (SMEs) in Ghana.
The annual awards would be organised by Evoke, a brand activation and special events agency, in collaboration with Deloitte Ghana. This year’s event is slated for August 30.
Besides showcasing the achievement of Ghana’s SMEs, the Ghana SME 100 Rankings would provide an exceptional platform to motivate SMEs that have the potential to be world-class enterprises.
The institution of the awards scheme is also in recognition of the fact that SMEs are the driving force behind employment generation, increased productivity and the creation of new wealth, among others.
The General Manager of Evoke Experiential Ghana, Mr William Adom, said the Ghana SME 100 Rankings sought to identify Ghana’s top SMEs that were role models for the business community.
He said the awards would create greater awareness and a national motivational psyche, as well as market the capabilities of the country’s SMEs to global investors.
He indicated that the growth of SMEs was crucial for the country’s economy, adding that SMEs are the driving force behind employment generation and creation of wealth.
According to him, available data from the Registrar General indicates that 90 per cent of companies registered in the country are SMEs. “The Ghana SME 100 Awards is a ranking of top-performing small and medium enterprises, aimed to recognise excellence and help SMEs access capital as well as new markets,” he added.
Mr Adom asserted that the winners would be an elite group with privilege of global investment and fast-lane access to finance opportunities, as well as enhancement of the company’s website with search engine optimisation (SEO) emphasis for a global market,” he said.
He added that the awards would also serve as a mark of recognition of excellence for awardees’ companies and urged all interested SMEs to register by completing a simple registration form online at
He said applicants would be shortlisted based on financial and non-financial evaluation themes. The evaluation will be done by Deloitte Ghana. Launching the awards, the Chief Executive Officer (CEO) of the Association of Ghana Industries (AGI), Mr Seth Twum-Akwaboah, indicated that any effort to promote SMEs in Ghana would be embraced by the AGI.
He said SMEs were recognised as the backbone of the economy, contributing to 85 per cent of manufacturing employment and accounting for 90 per cent of existing businesses in the country. SMEs contributed about 49 per cent to GDP in 2012. For his part, Dr Seth Adjei Baah, the President of Ghana Chamber of Commerce and Industry, said the SME sector had a huge potential to serve as the engine of growth.
He said the major challenge facing SMEs was financing and called on the government to provide sustainable financing to entrepreneurs. He stated that private sector operators could also help to support in the form of joint ventures and partnership.
« Previous | Next »
News Categories
Site Menu