GRi BEF News Ghana 24 - 01 - 2001
Government urged to evolve guidelines for operation of SMEs
Kumasi (Ashanti Region) 24 Jan 2001
An appeal has been made to the government to evolve a policy guideline to enhance the smooth operations of Small and Medium Enterprises (SMEs), in the country.
The Small-Scale Carpenters Association (SSCA), which made the appeal, observed that such a policy framework could serve as a reference point in guiding the government and those engaged in the SMEs towards effective development of a small-scale industrial sector.
The appeal was contained in a release issued by the SSCA, in Kumasi, on Tuesday, and signed by its president, Togbi Samuel K. Fugah.
It noted that the significant improvement in productivity, quality, employment generation and other social activities in the country, points to the urgent need to ensure steady growth of the SMEs, through a well fashioned out national policy.
The SSCA said President Kufuor's pledge to make the SMEs government's partners in development should be supported by total commitment of government departments and agencies that play vital roles in implementing government policies and programmes.
The release said if SMEs were made the focal point of the country's industrial and economic development it would go a long way to create employment avenues and enhance initiative and creativity.
It stated that the demand for furniture parts by Ghana's neighbours such as Burkina Faso, Mali, Togo and Cote d'Ivoire has increased.
The release said this attests to the fact that quality wood products are being turned out by carpenters in Ghana.
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Accra (Greater Accra) 24 Jan. 2001
The Ghana Association of Bankers
on Tuesday, January 23, announced the following average inter-bank exchange
rates of the cedi equivalent to the dollar and derived rates for other major
foreign currencies.
Currency Buying Selling
US Dollar 6,782.00
7,000.55
Pound Sterling
9,953.26 10,281.01
French Franc
973.88 1,005.07
Swiss Franc 4,166.81
4,299.88
Deutsche Mark 3,265.40 3,371.82
Canadian Dollar 4,506.19
4,649.94
Japanese Yen
57.93 59.79
Dutch Guilder 2,898.87 2,991.80
S/African Rand 863.99 891.00
Euro 6,386.44 6,590.81
CFA Franc 9.74 10.05
Naira 67.87 70.05
Ecowas/WAUA 8,969.36 ------------
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