Be wary of dubious business development fund program – GIPC caution’s Ghanaians

The Ghana Investment Promotion Center has cautioned business owners and operators of dubious business development and funding program being advertise on social media with a fake account of the center.

According to the center, it attention has been drawn to a dubious funding program for Small and Medium Scale businesses, as captured in a Google Docx file, making rounds on social media.

The said program, which encourages interested businesses to submit key company details for fund distribution, is claimed to have been initiated by GIPC in partnership with the Ministry of Finance and the African Development Bank.

The Centre by this issue, wishes to inform the general public that it has not sanctioned any such arrangement to distribute funds under the tag “Business Development and Funding Program for SMEs”, as being spread.

For avoidance of doubt, all GIPC-initiated programs aimed at supporting/incentivizing businesses, such as the Youth Entrepreneurship Program and Ghana Club 100, are/will be rightfully communicated via the Centre’s official channels (website – gipc.gov.gh; social media – gipcghana on Instagram/Twitter/YouTube & Ghana Investment Promotion Centre; on LinkedIn and Facebook) We therefore advise the general public to disregard the dubious notice in circulation, and exercise caution in this regard.