Accra: The Ghana National Association of Garment Makers (GNAGM) has celebrated the successful completion of the Improving Access to Finance training for micro, small, and medium-sized enterprises (MSMEs) for its members. The training was supported by the German Development Corporation (GIZ) under the Support to the Private and Financial Sector (PFS) Programme.
According to Ghana News Agency, the training saw 778 members of GNAGM participate and was part of a larger initiative that trained 2,909 MSMEs from thirteen different trade associations across the Greater Accra, Ashanti, Bono, Bono East, and Ahafo regions. The training emphasized inclusion, with 54% of participants being women, 46% men, 17.4% persons with disabilities, and 26.7% young entrepreneurs between the ages of 15 and 35.
The GNAGM ceremony celebrated the impact of the intervention, marked by the presentation of certificates to the graduates. Graduates shared how the training improved their understanding of managing their finances, saving small amounts of their income for business expansion, and accessing credit from financial institutions. Some participants reported opening accounts with financial institutions and beginning to save.
The initiative aligns with Ghana's national development priorities and Germany's 2030 Agenda for Reform, contributing to inclusive private sector growth, financial resilience, poverty reduction, women's economic empowerment, and job creation. GIZ Ghana continues to collaborate with financial institutions, regulators, and trade associations to create enabling conditions for MSMEs to thrive.
