What is Capital SME
Capital SME is an advocacy project, an initiative of the British High Commission aimed at boosting capital market activity in Ghana by encouraging businesses to list on the Ghana Alternative Market (GAX). Our target audience are small and medium size enterprises (SMEs) operating in Ghana. We aim to provide these SMEs with access to information on how capital markets work; how the GAX works; stories about SMEs in Ghana who have already listed. We work in collaboration with partner firms to organise business clinics, training sessions and the necessary advisory support needed to help SME's decide if they are ready to list and to further get them to list on the GAX
SMEs comprises of 92% of registered businesses in Ghana, which is an overwhelming majority of both the formal and informal sectors. They are significant sources of employment and revenue and have the potential to stimulate growth in the economy. However, limited access to finance for SMEs who are ready to scale is constraining their growth. Small businesses need alternatives to credit financing to successfully develop and realise their true potential. Capital SME will connect small businesses with the capital that they need to grow and in doing so, stimulate capital market activity in Ghana for wider economic development.
"Our key objective is to help more SMEs decide to list on the Ghana Alternative Market (GAX)."
There are currently eight companies listed on the GAX. We aim to support an additional five SMEs to list within the first year of launching this website. That's a sixty-three per cent increase in participation. We think we can do it - and here is how.
How We Work
Capital SME is an information, networking, and advocacy platform. Our research has revealed a dearth of advice for SMEs about accessing capital markets and a lack of public knowledge about the GAX. Capital SME seeks to fill this information gap and help push SME’s in reaching this goal of listing.
This website has been designed to provide information to SMEs about how capital markets work and how the GAX works. It includes real case studies from SMEs in Ghana who have already listed. We have also included information and links to our partner organisations who can help SMEs decide if they are ready to list on the GAX.
The project in partnership with the British Council and partner organisations will look at engaging SMEs in the social enterprise programs, training sections, running a business school to educate SMEs on essential business practices that are vital to SME growth. Capital SME will as well support in providing business advisory and audit support towards listing.
Capital SME will serve as a platform for SMEs to connect with the institutions, both private and public, which will assist business owners in meeting the requirements for listing. Take a look at our partners to see who you can connect with.
In the future, organised events such as conferences, panel discussions, and business receptions will serve as additional, and more traditional, networking platforms.
We have engaged a range of important stakeholders from both the public and private sectors to support this initiative. Our partners are committed to the success of Capital SME.
Through working with our stakeholders we have direct access to the private institutions Ministries and agencies with a stake in Ghana's capital markets. The will enable us to develop programmes and policies that are conducive to SME business growth and make it attainable for SMEs to list on the GAX.