The SME Excessive Progress Programme is a Problem Fund carried out by the Ghana Enterprises Company (GEA) underneath the World Financial institution funded Ghana Financial Transformation Venture (GETP). The general intention of the programme is to help productiveness and competitiveness enhancing initiatives by excessive progress SMEs to speed up their progress.
The Programme will goal excessive progress SMEs throughout ICT, agribusiness/agro-processing, training, manufacturing, meals and beverage, textile & garment, development, tourism & hospitality, commerce/commerce of domestically produced items, transport and logistics, healthcare, or pharmaceutical industries in Ghana.
The Grant Utility Pointers offers the mandatory particulars to find out your eligibility for this programme, following which you’ll apply for help.
The SME Excessive Progress Programme is for Small and Medium Enterprises (SMEs) solely. Solely Small and Medium Enterprises are due to this fact eligible to use for this grant programme. Micro enterprises and enormous enterprises/corporates aren’t eligible and shouldn’t apply.
Enterprises are outlined and differentiated by three key variables:
Annual Gross sales/Turnover quantity
Historic productiveness, monetary progress, and exports
Eligible candidates will fall underneath any of the next eventualities for SMEs:
An enterprise shall be certified as ‘small’ the place its present workers power is between 6 to 30 and/or it made annual gross sales of between GHS180K to GHS7.2 million in 2022. For instance, the place an applicant has solely 6 staff however earned lower than GHS180K in annual gross sales, it qualifies as a ‘small’ enterprise by advantage of falling inside the workers requirement threshold. Conversely, the place an applicant has solely 5 staff however grosses as much as GHS7.2 million in annual gross sales/turnover, it nonetheless qualifies as a ‘small’ enterprise by advantage of the annual gross sales/turnover falling inside the outlined restrict of gross sales worth.
An enterprise shall be certified as ‘medium’ scale the place its present workers power is between 31 to 100 and/or it made annual gross sales of over GHS7.2 million however as much as GHS21.6 million in 2022. For instance, the place an applicant has 31 staff however earned lower than GHS7.2 million in annual gross sales, it qualifies as a ‘medium’ enterprise due to the variety of workers falling inside that vary. Conversely, the place an applicant grosses over GHS7.2 million in annual gross sales/turnover however has solely 6 staff as at date of grant utility, it nonetheless qualifies as a ‘medium’ enterprise because of the gross sales surpassing the decrease band of GHS7.2 million in 2022.
The place an applicant’s annual gross sales are over GHS21.6 million cedis, no matter the worker dimension, it’s a giant enterprise and isn’t eligible for this grant. Equally, the place an applicant has worker dimension of over 100 at utility date, even when its annual income is lower than GHS180K, it’s deemed a big enterprise and ineligible for the grant.
Lastly, when an enterprise has lower than 6 staff at utility date and made lower than GHS180K in 2022 gross sales, it’s a Micro enterprise and shouldn’t apply for this grant.
As a rule, and for steerage, the GEA will measure worker dimension as on the utility date and annual gross sales/turnover reported as of December 2022. For steerage, please consult with Desk 1 under.
Desk 1: Definition of SMEs both by Worker dimension and/or Gross sales
Annual Gross sales/Turnover
1 to five
Lower than GHS180K
6 to 30
Over GHS180K and as much as GHS7.2M
31 to 100
Over GHS7.2M and as much as GHS21.6M
Purposes shall be screened to make sure compliance with the above-listed minimal necessities and eligibility previous to an in depth overview and evaluation of candidates grant requests. Due diligence shall be performed for shortlisted candidates. The GEA expects that data and knowledge equipped for the evaluation of grant requests shall be correct and reserves the suitable to get rid of or terminate any grants preparations ought to due diligence stories show any falsification of knowledge, statements/claims. Additional, the GEA could determine to prosecute for fraud, any false, inaccurate, or deceptive data equipped on the grant utility type. Along with the eligibility necessities above, candidates should meet the next necessities to qualify for the grant:
SMEs will need to have majority Ghanaian shareholding (51% or extra)
Have to be a privately owned and for-profit enterprise or agency registered underneath Ghanaian legislation as LLC, a partnership or sole proprietorship,
Companies which commenced operations in or after January 2022 are deemed as startups and due to this fact not eligible and shouldn’t apply,
The enterprise have to be working in a non-resource-based sector (that’s, sectors exterior of extractive and oil and pure fuel).
A number of functions underneath totally different enterprise names is not going to be allowed. That’s, individuals who personal a number of enterprises can apply with just one enterprise even when all their enterprises is likely to be eligible to use. Kin in the identical family who personal separate companies even when eligible, could apply with solely one of many eligible enterprises.
Making use of SMEs should additionally submit the next paperwork:
Enterprise Registration Certificates or Certificates of Incorporation or Certificates of Registration (for Sole Proprietorships)
Enterprise Tax Identification Quantity (enterprise TIN)
Private Tax Identification Quantity (private TIN)
Legitimate id paperwork issued by a Ghanaian authorities authority similar to a passport or the Ghana Card for particular person shareholders and administrators
Monetary Statements, or Earnings Statements for the years 2019 to 2022.
That is detailed additional under:
Enterprise Registration Certificates or Certificates of Incorporation, Certificates of Registration (Sole Proprietorships)
That is the doc issued by the Registrar Basic Division recognizing the existence of your enterprise/enterprise as both a Restricted Legal responsibility Firm (LLC), Sole Proprietorship, Partnership, or some other type of enterprise existence assumed by your enterprise
Enterprise Tax Identification Quantity (TIN)Private Tax Identification Quantity (TIN)
Your online business TIN could be obtained from the Registrar Basic Division. That’s, if applicant has not but secured a enterprise TIN. The enterprise TIN is said on the highest, proper nook of enterprise registration certificates.
Additionally, particular person shareholders of companies should furnish on the appliance type, their Ghana Card Numbers as distinct from the enterprise TIN. For sole proprietors or companies registered as enterprises, your enterprise TIN is identical as your private TIN.
Proof of citizenship
GEA shall conduct due diligence for all profitable candidates to make sure that grant funds are disbursed to solely companies with Ghanaian majority possession. Bodily ID Card inspections shall be performed for shortlisted candidates to make sure grant funds are being awarded strictly to Ghanaian enterprise house owners solely.
Monetary Statements, or Earnings Statements for the years 2019 to 2022
Candidates should add or submit Monetary Statements. It’s preferable that solely the web page that particulars key monetary metrics together with the Annual Gross sales, Price of Gross sales, Gross revenue, bills, and web revenue for 2019 to 2022 be included. These metrics can match on just one web page.Alternatively, candidates preferring to submit an Earnings Assertion for the interval requested, could obtain without charge, the Earnings Assertion Template on the GEA web site at www.gea.gov.gh Click on on the hyperlink under to obtain the Earnings Assertion Template.
Earnings Assertion Template
The place an applicant has all requisite paperwork as enumerated above, they should additional decide whether or not they’re eligible primarily based on their enterprise kind.
Registered Enterprise Identify: State the legally registered title underneath which your small business operates.
Enterprise TIN: Your online business TIN could be obtained from the Registrar Basic Division. See the eligibility requirement desk above for additional rationalization.
12 months of Registration: State month and 12 months by which enterprise was registered.
12 months of Graduation: State month and 12 months enterprise commenced operation.
Company Financial institution Account: Point out whether or not your small business has a company checking account or not.
Years in operation: From the vary of years offered, choose the relevant vary which signifies how lengthy your small business has been in operation.
Enterprise Working or Shut down: State if enterprise is working or shut down as on the date of utility. Candidates are required to supply date of shut down as at date of utility, if relevant.
Enterprise Sector: From the choices offered, tick or choose just one enterprise sector underneath which your small business operates. The grant programme is restricted to actors inside the ICT, agribusiness/agro-processing, training, manufacturing, meals and beverage, textile & garment, development, tourism & hospitality, commerce/commerce of domestically produced items, transport and logistics, healthcare or pharmaceutical industries in Ghana.
Present Worker Dimension: Information request for present worker dimension requires candidates to supply data as of the grant utility date. This knowledge request is to not be confused with historic worker dimension (required for 2019, 2020, 2021, and 2022). The present worker dimension is disaggregated into full-time female and male, and part-time female and male. Candidates ought to full solely as pertains to their present state of affairs. For instance, the place no part-time workers is used, enter the worth of zero. The age disaggregation is requested for the entire variety of workers or staff from lower than 18 years, between 18 to 35, between 36 to 45, and 46 years and above. Candidates ought to state the variety of staff who fall inside every knowledge disaggregation or set, the entire of which should equal the entire present staff captured underneath ‘worker dimension’ at utility date.
Annual Gross sales /Turnover: Discuss with eligibility necessities said above.
Sort of Enterprise Registration: Candidates ought to point out if enterprise is a Sole Proprietorship, Restricted Legal responsibility Firm or Partnership.
Shareholding construction: Candidates are anticipated to finish the shareholding construction on the appliance type and clearly point out the title of every shareholder, and the corresponding Ghana Card Quantity (or Passport quantity for Administrators/shareholders who don’t but have the Ghana Card). Gender of shareholder and shareholding share of every shareholder.
For sole proprietor companies, state the title, gender, and TIN (private TIN and enterprise TIN are the identical for companies registered as enterprises). Sole proprietors or companies registered as enterprises will point out 100% possession within the house offered for shareholding share.
Enterprise location deal with: This refers back to the bodily deal with or the deal with of the principle enterprise location (for candidates with operations from different branches, state solely the Head Workplace Department as your small business location or bodily deal with).
City, District, and Area: State city by which enterprise is positioned. If the enterprise has different branches or annexes, state solely the city the place the principle enterprise is operated from. State district by which city of most important enterprise operation is positioned, and eventually state the area of enterprise operation. For multi-branches, state location, district, and area the place the pinnacle workplace is positioned.
GPS Tackle: GPS Tackle might be obtained by downloading the Ghana Publish GPS.
Nearest Landmark: State the closest landmark to the principle enterprise location and an outline of how GEA workers would possibly hint or entry your bodily location or deal with.
Enterprise Postal Tackle: State the postal deal with(es) for the enterprise and different department(es), if any.
Enterprise Branches: State location or bodily deal with(es) of all different enterprise department(es), if any.
Enterprise Cellphone: State probably the most dependable contact telephone quantity(s) of the principle enterprise contact particular person or a certified consultant of the enterprise.
Web site: State relevant enterprise web site deal with, if any.
Electronic mail deal with: Provide e mail deal with(es) by means of which details of contact/approved consultant is likely to be reached.
Particulars of Enterprise Proprietor: The enterprise proprietor(s) full title, residential deal with as separate from the enterprise deal with, postal deal with, GPS deal with and nearest landmark to the house owners’ residence, private telephone quantity(s) and e mail deal with(es), city, district, area, gender, and date of delivery, have to be equipped in the identical part of the appliance type. Homeowners should additionally point out their mode of identification, both by the Ghana card or Passport.
Date of Start of Proprietor/Principal shareholder: Part requiring this data needs to be accomplished with the delivery date of the proprietor (within the case of sole proprietors) and majority shareholder (within the case of an LLC). This data is for M & E functions solely.
Age Class of Proprietor/Principal Shareholder: Candidates ought to point out their age as at date of utility in any of the next classes; lower than 18 years, between 18-35 years, 36-45 years, or 46 years and above.
Candidates should point out if enterprise is feminine majority owned (51% or extra) or not as at date of utility.
Individuals with Incapacity: The place enterprise proprietor is a Individual With Incapacity (PWD), kindly furnish data accordingly. Enterprise house owners who’re bodily challenged are disproportionately represented in aggressive enterprise. Such minority companies shall be given extra scores when functions current a superb enterprise case for grants help.
Candidates should declare if particular person finishing type is identical because the enterprise proprietor. If reply isn’t any, applicant should present title and place of particular person apart from the proprietor finishing the appliance type.
Historic Efficiency Indicators
Present data on annual gross sales/turnover ( have to be in figures and in GHS), worker dimension (disaggregated by gender at December thirty first) , age disaggregation of staff and exports. Please consult with detailed eligibility standards on annual gross sales/turnover and worker dimension as said above.
Exports:The SME Excessive Progress Programme can have a powerful concentrate on Ghanaian export companies that fall inside the Small and Medium Enterprise class. Candidates obtain a normal rating for exports made in 2019, 2020, 2021 and 2022 respectively. An extra rating applies to any optimistic change in exports between 2019 & 2020, 2020 & 2021, and 2021 & 2022. Common rating for the yearly increments in exports are calculated to acquire an mixture rating for progress in exports.
GEA’s due diligence course of will decide the veracity of export knowledge equipped. Candidates who provide any false or exaggerated claims of export knowledge that can not be supported with requisite documentation on the due diligence stage of the method shall be terminated or cancelled and not be eligible for the grants even when they scored excessive and are shortlisted.
Grant requested: Quantity requested by candidates shall be in Ghana cedis. They have to be said in figures.
Goal of requested grant: Choose the precise plan or anticipated expenditure merchandise for which grants pay-outs will fund. Candidates making use of proceeds of grant funds into long run enterprise operations similar to tools buy, upkeep/repairs, enterprise growth companies expenditures are inspired than candidates utilizing grants funds for brief time period non permanent reduction. This strategy is adopted to exclude candidates who use grant funds for buying and selling actions and reimbursement of credit score amenities.
Candidates should declare if enterprise has benefited from any grant program prior to now. If sure, state title of grant awarding organisation, quantity acquired, and 12 months(s) grant was acquired.
Technical Help Wants
Enterprise Improvement Service Wants: Candidates should choose no less than three areas by which enterprise growth coaching or recommendation is required.
How Did You Hear In regards to the SME Excessive Progress Programme?
Kindly furnish the grants programme with data by choosing all of the potential methods by means of which details about the grants programme by GEA was obtained.
Disclaimer and signature
Learn by means of every of the disclaimer factors and tick the ‘affirm’ field assenting to your full comprehension of the appliance doc and having appropriately accomplished identical, log out, and date the doc in addition to present details about the approved consultant signing the appliance type together with title and place.
HOW TO APPLY – Ghana SME Excessive Progress Programme Utility Portal
Candidates can start the method after the announcement of a Name for Purposes by finishing a registration type through the SME Grant Utility portal https://gea.gov.gh/getp or different authorized registration channels.
For enquiries, please name the GEA Contact Centre on 0302 74 77 77 or e mail [email protected]
Additional help could also be accessed through any GEA Enterprise Advisory Centres or Enterprise Assets Centres at no prices to candidates.
NB: Solely profitable candidates shall be contacted.
For extra Info: Go to the web site for Ghana SME Excessive Progress Programme Utility Portal