The National Board for Small Scale Industries (NBSSI) has been elevated into a bigger entity to be known as the Ghana Enterprises Agency (GEA).
It will enable the new entity to become more impactful by coordinating the micro, small and medium enterprise (MSME) sector to ensure efficient and promote the development and growth of MSMEs in the country.
This follows the passage of the Ghana Enterprises Agency Bill, 2020 into an Act on Tuesday, November 3, by a unanimous decision in Parliament.
An MSME fund is expected to be established to enable businesses under the MSMEs category to have access to cheaper sources of funds to enhance their operations.
The NBSSI before the passage of the new Act was a non-profit public sector organisation under the Ministry of Trade, Industry and Presidential Special Initiatives which came into being in 1985.
It has its head office in Accra, with secretariats in all the regional capitals and Business Advisory Centres in most of the district capitals.
Services offered by the NBSSI include business development services for micro and small enterprises.
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