Artisans and Small Business Owners

Under Dr. Bawumia’s vision, artisans and small business owners will benefit from enhanced access to funding, digital tools, and market opportunities. Initiatives like YouStart will provide financial support, training, and mentorship to help small business owners and artisans grow their businesses. The focus on digitalization will also enable artisans to leverage digital platforms for marketing and selling their products to a wider audience, while making business processes more efficient through e-commerce and mobile money solutions. Additionally, the promotion of financial inclusion will ensure that small business owners can access credit and loans more easily, enabling them to expand and sustain their operations. Dr. Bawumia’s vision promises to create a more supportive ecosystem for artisans and small businesses, empowering them to thrive and contribute to the economy.

Top 5 Frequently Asked Questions

Question 1 : How will Dr. Bawumia’s government support small businesses and artisans with access to financing?

Answer: Dr. Bawumia’s government will create an SME Bank to help small businesses and artisans get easier access to funding. They will also strengthen the Venture Capital Trust Fund to provide long-term financial support for businesses in areas like education, manufacturing, and healthcare, helping them grow with early-stage investments.

Question 2: What support will spare parts businesses receive under this policy?

Answer: Spare parts businesses will get logistical support and access to a digital marketplace, helping stabilize prices and increase sales. This will benefit small businesses in areas like Abossey Okai, Suame, and Techiman by connecting them with more buyers and resources. Small businesses will be encouraged to join the digital marketplace, boosting their visibility and sales.

Question 3: How will artisans and small business owners in jewelry-making and small-scale mining benefit from the Bawumia administration?

Answer: Small-scale miners will get access to Common-User Processing Centers to process minerals more efficiently. Small jewelry-making businesses will benefit from a Precious Minerals Incubator Programme that offers training and financial support to help them grow and improve their products.

Question 4: What opportunities exist for small businesses in agro-processing?

Answer: Through initiatives like One District, One Factory (1D1F), the government will incentivize private sector investment in agro-processing. This will provide artisans and small business owners with opportunities to engage in value-added agricultural production, boosting local economies and creating jobs.

Question 5: How will small business cooperatives be supported under this policy?

Answer: Dr. Bawumia’s administration will support the development of cooperatives for small business owners, allowing them to pool resources and gain better access to financing, tools, and markets. This cooperative model will help businesses scale up and operate more efficiently.