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Micro, small businesses seek special bank under new bill ghanavisions.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ghanavisions.com Daily Mail and Mail on Sunday newspapers.
705 Ghanaian Business associations have confirmed receipt of the government of Ghana stimulus package meant to cushion small and medium scale enterprises (SMEs) from the impact of the coronavirus disease (COVID-19). They committed to ensure that the beneficiary members used the funds to invest in their operations in line with government’s agenda of supporting businesses affected by the pandemic. The associations, Ghana Union of Traders Association (GUTA), Ghana National Chamber of Commerce and Industry (GNCCI), Association of Small-Scale Industries (ASSI), Abossey Okai Spare Parts Dealers Association, Creative Arts Agency (CAA), and Sekondi-Takoradi Chamber of Commerce and Industry, sponsored their members to benefit from the stimulus package. ....
+ The Association of Small Scale Industries (ASSI) has called for the establishment of a special development bank that will take care of the needs of micro small and medium enterprises (SMEs) under the Ghana Enterprises Agency Bill, 2020. The Association maintained that the MSME fund proposed under the new bill, should be converted into a financial institution that can support the MSME sector. Speaking to the Graphic Business in an interview on January 16 in Accra, the President of ASSI, Mr Saed Moomen, underscored the need for a specialised financial institution for MSMEs due to the challenges in the provision of finance to the sector. ....
Graphic Online BY: Maclean Kwofi 30.5k Shares 705 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. ....