December 11, 2009

Ms. Hannah Tetteh, Minister of Trade and Industry, on Thursday said government would use micro finance as a key strategy in reducing poverty and achieving the country's Millennium Development Goals."Micro finance has emerged as a leading and effective strategy for poverty alleviation with the potential of transforming the lives of the vulnerable in society. Government is committed to improve the environment for micro finance institutions to succeed," she said.

Ms Tetteh made the observation in a speech read on her behalf by Mr. Francis Kusi, Coordinator of Micro, Small and Medium, Enterprises Project, at the inauguration of Avenor Branch of Adehyeman Savings and Loans Company in Accra.She noted that micro finance had improved the quality of life of micro entrepreneurs in least developed countries by stabilizing the cash flow of their economic activities and provided security for their enterprises.