The President of Institute of Directors, (IoD- Ghana) Mr Rockson Dogbegah, has inaugurated the IoD Small Medium-sized Enterprises (SME) Mentoring Committee to ensure a speedy and effective implementation of the Institute’s SME Sustainability and Mentorship project.
This is part of strategic efforts to ensure SMEs in Ghana continue beyond their first generation and are able to respond to risks and uncertainties in the business environment as the Coronavirus Disease continues to disrupt businesses worldwide.
“The urgency for attention to SMEs development is heightened by the COVID-19 pandemic which is forcing us all to move very quickly to find creative and innovative ways for business survival. Support for the development of SMEs cannot be postponed further. The time has come for an immediate and deliberate focus and attention on SME development and growth through strategic capacity development and funding support”, Mr. Dogbegah said in a statement.
Members of the Committee are; Ken Ameovi Gbeve (Chairman), Benjamin Mensah, Kaaka Dello-Ziem, Mary Asare-Yeboah (Mrs.) Rejoice Wodomdedzi Foli. They are tasked to ensure the successful implementation of the IoD-Gh Mentoring Scheme and ensure that it is marketed appropriately to receive funding and stakeholders support among other facilitation requisites.
Mr. Rockson Dogbegah, expressed his gratitude to the members of the committee for accepting to lead this strategic project. On his part the Chairman of the Committee, Mr Ken Ameovi Gbeve (Chairman) expressed his gratitude for the opportunity given them to be the drivers of the strategic project and pledged their support and commitment to ensure a successful execution of the project.
The project was birthed in May, 2019 at an International conference organized by the Institute of Directors Ghana in collaboration with the International Finance Corporation (IFC) and African Corporate Governance Network (ACGN) in Accra. At that event, the President Nana Akuffo Addo, who was the Special Guest of Honor – but represented by the Minister of Business Development Ibrahim Mohammed Awal – charged the Institute to champion SME development noting that though SMEs contribute very significantly to GDP, many are not able to live beyond their first generation. A visit to President Nana Akufo-Addo by IoD-Gh on the 18th June 2019 further concretized the need for response. After several stakeholder consultations, the project is almost ready for implementation to commence in June, 2020.