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    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

    Bank of Ghana to widen its scope on cryptocurrency

    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

    GEXIM CEO is one of Ghana’s 100 most influential business leaders

    Zenith Bank Ghana wins premium quality West African banking brand of the year 2021

    GIPC and GSE sign MoU to attract more investment into Ghana

    Appolonia City unveils its first commercial building; Adumuah Place

    Dr. Ampabeng advocates consolidation of road taxes into fiscal policy

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    We’re ready to re-engage gov’t on acquisition of Vodafone shares – Telecel

    New deadline for SIM re-registration too short – MoMo agents association

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    IIPGH to enter coding education partnership with Telecoms Chamber

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    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

    Farmers worried about possible unfair distribution of MoFA machines

    Bank of Ghana to widen its scope on cryptocurrency

    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

    Our cars to sell for cheaper soon- locally assembled automobile companies

    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

    Ghana’s inflation rate rises again; hits 31.7% in July 2022

    Fitch downgrades Ghana’s credit rating from B- to CCC

    Côte d’Ivoire-Ghana Cocoa Initiative clarifies its stance on origin differentials for cocoa beans

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    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

    Bank of Ghana to widen its scope on cryptocurrency

    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

    GEXIM CEO is one of Ghana’s 100 most influential business leaders

    Zenith Bank Ghana wins premium quality West African banking brand of the year 2021

    GIPC and GSE sign MoU to attract more investment into Ghana

    Appolonia City unveils its first commercial building; Adumuah Place

    Dr. Ampabeng advocates consolidation of road taxes into fiscal policy

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    We’re ready to re-engage gov’t on acquisition of Vodafone shares – Telecel

    New deadline for SIM re-registration too short – MoMo agents association

    Extend SIM card re-registration exercise to January 2023 – MoMo agents

    Vodafone agrees sell stake in Ghana’s business to Telecel

    Telecoms Chamber and IIPGH advocate sustained coding education

    IIPGH to enter coding education partnership with Telecoms Chamber

    PayAngel joins Microsoft for Startups Founders Hub

    Node 8, HTU hold first edition of Node X in Ho

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

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    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

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    African countries that could follow Sri Lanka into economic chaos

    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

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Akufo-Addo launches Ghana Enterprises Agency

byNerteley Nettey
June 10, 2021
in Business, Local Economy, Top Stories
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Ghana’s SME sector is expected to experience some enhancement in the coming days.

This comes on the back of the launch of the Ghana Enterprises Agency (formerly NBSSI) and the National Micro, Small and Medium-Scale Enterprises (MSMEs) Entrepreneurship Policy.

Speaking at the launch, President Akufo-Addo noted that the policy is aimed at reducing, if not eliminating the duplication of efforts currently being witnessed in the MSME sector, ensure the judicious use of resources, implement programmes to formalize and support the informal sector, and design interventions to support MSMEs in the country.

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“The MSME policy is a policy designed to direct the growth of the sector, provide clear policy direction and opportunities for all actors within the MSME space, to enable them contribute meaningfully towards the development of the country”.

He also noted that the Ghana Enterprises Agency (GEA) has been prescribed by the National MSME and Entrepreneurship Policy to implement the Policy.

“The Act establishing the Agency makes GEA the apex body to co-ordinate and promote the growth and development of MSMEs in the country. GEA will lead the way in creating a dynamic MSME ecosystem and entrepreneurial community to help propel Ghana’s growth,” he added.

President Akufo-Addo further indicated that the GEA SME Grant Fund has been established to support SMEs “to recover from the effects of Covid-19, and also help them to resuscitate their operations under the Ghana Economic Transformation Project.”

Disbursement of this grant, which amounts to one hundred and forty-five million cedis (GH¢145 million), will be made to over three hundred SMEs to help them grow into sustainable businesses, capable of competing on the regional, continental and global stages.

Chief Executive Officer of GEA, Mrs Kosi Yankey-Ayeh, also stated that the new agency will be impactful by charting a new path within the SME sector to promote and develop businesses in the MSMEs space.

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