• About Us
  • Contact Us
Account
GTB
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
Account
Ghana Talks Business
No Result
View All Result

Why Government plans to rename NBSSI as Ghana Enterprise Agency

08/06/2021
Reading Time: 2 mins read
STImulus package for businesses
405
SHARES
Share on FacebookShare on TwitterShare on WhatsApp

On Wednesday, June 9, the Government will launch the Ghana Enterprises Agency (GEA) to replace the National Board for Small-Scale Industries (NBSSI), which has been in operation for more than 30 years.

NBSSI Ghana

Speaking at a press briefing on Sunday, June 6, 2021, the Executive Director of NBSSI, Mrs Kosi Yankey-Ayeh said the rationale behind the NBSSI name change falls in line with the growing demands of the Micro Small and Medium Enterprises (MSME) sector. The focus is to ensure that the MSME industry is better positioned and regulated and to also provide the needed support to businesses under this sector for transformational growth and development.


“The importance of this in the promotion and development of the MSME sector cannot be undermined because of what it does for the economy in terms of strengthening and growing it, in terms of job creation, in terms of wealth creation, and even improving the quality of life of Ghanaians,” Mrs. Korsi Yankey-Ayeh said at the press briefing.

NBSSI Name change – The Act

It is important to note that The Ghana Enterprises Agency Act, 2020 (Act 1043), was passed by Parliament in November 2020 and approved by President Akufo-Addo in December 2020.
Mrs Kosi Yankey-Ayeh also announced a new grant support GHC100 million under the Ghana Economic Transformation Programme to be launched on Wednesday. The grant support is to provide MSME with the needed financial support to grow their businesses.

The Micro Small and Medium Enterprises (MSME) sector is said to make up about 92% of all registered businesses in Ghana and employs about 85% of the manufacturing workforce, contributing to about 70% of Ghana’s Gross Domestic Product (GDP).
During the press briefing, Mrs Kosi Yankey-Ayeh also noted that the NBSSI’s annual budget had increased from GH¢20,000 in 2016 to GH¢500 million currently.


Previous Post

Weighing up the pros and cons of outsourcing your Business’ Accounting Function

Next Post

She created luxury skincare products from shea butter – The story of Valerie Obaze

Related Posts

African consumers, ghanatalksbusiness.com

Ghana Enterprise Agency partners with IE University’s Africa Center to promote women entrepreneurship 

23/05/2022
Ghana Enterprise Agency

Ghana Enterprise Agency to support over 300 SME’s with GH¢145 million

10/06/2021
Ghana, www.ghanatalksbusiness.com

Covid-19 interventions; laudable initiatives but poorly implemented – Economic Experts

30/05/2020
Stimulus package NBSSI

Presentation by NBSSI: Guidelines on how businesses can access Ghana government’s stimulus package

17/05/2020
Next Post
Valerie Obaze

She created luxury skincare products from shea butter - The story of Valerie Obaze

how to deal with stress of job loss, ghanatalksbusiness.com

Beware of how the troubles of ‘money’ may affect your health

  • About Us
  • Disclaimer
  • Privacy Policy
  • Advertising
  • Contact Us

© 2023 Ghana Talks Business

No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
  • Login

© 2023 Ghana Talks Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In