CBG, SIF sign agreement to disburse $5m to women and youth-led businesses
The Consolidated Bank Ghana Limited (CBG) and the Social Investment Fund (SIF) Tuesday signed an agreement to disburse $5 million in financing to women, youth and micro, small and medium-sized enterprises (MSMEs). The post CBG, SIF sign agreement to disburse $5m to women and youth-led businesses appeared first on Ghana Business News .
The Consolidated Bank Ghana Limited (CBG) and the Social Investment Fund (SIF) have signed an agreement to disburse $5 million in financing to women, youth, and micro, small, and medium-sized enterprises (MSMEs) in Ghana. This initiative is part of the Ghana Women and Youth Empowerment, Employment and Social Cohesion Access to Finance Compact, aimed at expanding access to affordable finance, promoting entrepreneurship, and creating sustainable jobs among vulnerable groups.
The $5 million facility, equivalent to about GH¢55 million, will be deployed over a 36-month period to support approximately 3,000 beneficiaries, with the first tranche expected to reach about 800 individuals and businesses.
Brief written by urgent.news from Ghana Business News's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
