Small and medium businesses based and owned by women in Ghana are expected to receive support to boost their businesses under the auspices of Women’s Empowerment and Investment Group (WEIG) in partnership with Annan Capital Partners (ACP) and GUBA.

The seed investment is part of an initiative to uplift SMBs currently affected by the coronavirus pandemic, a press statement noted.

Applications for the initiative is expected to commence from the 1st of June 2020.

The Women’s Empowerment & Investment Group (WEIG) is a women-led and majority owned Ghanaian Investment Holding Company set up to efficiently channel capital and expertise into high-potential Small & Medium Scale Enterprises (SMEs) that prioritize female empowerment & entrepreneurship.

WEIG does this by making permanent capital investments in women focused greenfield and brownfield businesses/business opportunities in Africa’s “KINGS”, economies namely Kenya, Ivory Coast, Nigeria, Ghana, and Senegal of which Ghana remains a primary focus country, the release further adds.

Commenting on the strategic agenda for the initiative, co-founder and CEO of WEIG, Adeline Akufo-Addo Kufuor said : “Through our local and international value adding networks we aim to assist women to create long term wealth for themselves”.

The Managing Partner of Annan Capital Partners (ACP)- Robert Annan, also stated : “We are excited to support Female-led SMEs in Ghana with investment and infrastructure to support their long term growth and development.”

Annan Capital Partners (ACP) is a specialized boutique investment and advisory company active in industries such as energy, health, education, real estate, agribusiness, technology and more. They work to provide businesses with professional and insightful investment strategies that preserve their capital and diversify their investment in sectors which will give an appreciable return on their investments.

The funding initiative is in line with their objectives and is incredibly significant given the current pandemic and its effect on small businesses.

Dentaa Amoateng MBE, President of the GUBA Enterprise stressed on the importance of the initiative “Coronavirus has greatly affected a number of business especially, small and medium businesses.

This initiative is not only timely but incredibly necessary to help women businesses get back on track. GUBA Enterprise through the GUBA Expo works to provide a platform for the elevation of small and medium enterprises therefore, we are glad to be in partnership on this project. We encourage all suitable businesses to apply”- she added.

The seed investment available under this initiative ranges from 15,000 to 30,000 Ghana Cedis.

Businesses that meet the eligibility criteria are encouraged to apply via https://www.surveymonkey.com/r/Q99B669 from the 1st of June till the 1st of August 2020.

This initiative is one of the many ways to help boost women businesses and the Ghanaian economy as a whole.