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GEA sets up department to support MSMEs
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Micro, small businesses seek special bank under new bill
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BY: Maclean Kwofi
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Micro, small and medium-scale enterprises (MSMEs) in the country are eagerly awaiting the President to give assent to the Ghana Enterprises Agency Bill, 2020.
The bill was passed by Parliament in November 2020 and, among other things, seeks to convert the National Board for Small Scale Industries (NBSSI) into a bigger entity to be known as the Ghana Enterprises Agency (GEA).
When that comes into fruition, it will enable the new entity to become more impactful and deliver an efficient and strong MSME sector that can support the country’s economy.
Some MSME, led by the Association of Ghana Industries (AGI) and Association of Small Scale Industries (ASSI), see the move as a game-changer for the sector and have called on the President to urgently assent to the bill for it to become law.