Ghana Enterprises Agency Explained

The Ghana Enterprises Agency (GEA) is a Ghanaian government agency under the Ministry of Trade and Industry.^{[1] [2]} The GEA is mandated by the Ghana Enterprises Agency Act, 2020 (Act 1043) to promote and develop MSMEs in Ghana.^[3] It replaced the National Board for Small-Scale Industries (NBSSI).

Its aim is to interrelate, administer and stimulate the development of Micro, Small, and Medium Scale Enterprises (MSMEs).^[4] GEA is headed by Kosi Yankey-Ayeh, the first CEO and former executive director of the erstwhile NBSSI. The Persons With Disabilities (PWD) Enterprise Support Programme to help improve businesses owned by PWDs was launched in 2023 by Ghana Enterprise Agency (GEA) and is being supported by the World Bank on a programme titled Ghana Economic Transformation Project.^[5]

Resources and Coverage

• The GEA has offices across the regions and about 178 districts in Ghana namely Ahafo region, Ashanti region, Central region, Upper East region, Volta region, Greater Accra region, Savannah region, Upper West region, Western region, Bono region, Eastern Region, Northern region, North East region, Bono East region, Western North region,and Oti region.^{[6] [7]}

Aims of GEA

1. To contribute to the creation of an enabling environment for the small-scale enterprise development.
2. To contribute to the development of an enterprise culture in Ghana by facilitating access to credit.
3. Facilitate MSEs access to substantial and high quality Business Development Services for their development.^[8]

Services

It delivers services such as funding, business development and business performance.

Registration Process

• First the Applicant must select the event she/he wants to register for.
• In order to access the registration form, the Applicant may either use her/his account identifiers if she/he is already a member of the NBSSI's or apply directly as a new user.
• Once the registration process is initiated, the Applicant must provide general information about her/him and her/his organization (required information will be marked with an asterisk).
• The Applicant is then provided with information regarding the applicable price.
• The Applicant is then asked to tick the T&Cs’ acceptance box, to choose the desired payment method, to provide her/his invoicing information and to submit her/his payment.
• Once this stage is complete, the registration is confirmed.^[9]

Partners

The NBSSI partners with some organizations such as the Ministry of Trade and Industry, USAID, EU, Christian Aid, UNICEF, Ghana Standards Authority,^[10] Ministry of Inner-Cities and Zongo Development among others.^[11]

The NBSSI partnered with Mastercard Foundation to embark on a project.^[12]

The GEA partnered with World Bank Groups to support PESP,

Achievements

The NBSSI has trained about 65,000 youth through innovation hubs and apprenticeship programs.

It has disbursed about GHC45 million as loans.

It has provided business acceleration services to 254 SMEs through KAIZEN.

It has also linked businesses to funding and international exports markets.

It has established over 13,000 new businesses.^[13]

The NBSSI claimed it plans to formalize the activities of SMEs through digital means. It also claimed it has received some funds to help about 500 businesses to scale-up their startups to digital platforms.^[14]

Support Scheme

On 19 May 2020, the president Nana Akufo-Addo launched the CAPBuSS which was provided by the Government of Ghana and other organizations to micro, small and medium-scale businesses across Ghana.^{[15] [16] [17] [18] [19]}

The executive director of NBSSI claimed there was an approval for the disbursement of stimulus packages to over 1,000 private schools in the country.^[20] In January, they decided to end the disbursement of funds to SMEs.^[21]

The NBSSI in partnership with the MasterCard Foundation launched the Nkosuo Program for the support of both formal and informal sectors who were affected by COVID-19 pandemic.^[22]

It was disclosed some hoteliers submitted names of their family members to access the COVID-19 stimulus package by the Government.^[23]

According to the Executive Secretary, more than 21,800 jobs were created under the government's CAPBuSS mainly owned by the youth.^[24]

The executive director of NBSSI said they were focusing on helping female entrepreneurs begin their businesses to be strong due to the impact of the COVID-19 pandemic.^[25]

The NBSSI gave start-up kits to young business peoples in the Bono region to help scale their businesses.

The NBSSI disbursed funds under the CAP BuSS to over 300,000 businesses in Ghana.^[26]

The NBSSI was directed by President Nana Akufo-Addo to offer financial support to traders who lost their goods to a fire outbreak at the Odawna Market.^[27]

The GEA in support with the World Bank launched the Persons With Disabilities (PWD) Enterprise Support Programme PESP in June, 2023.

The GEA is embarking on a programme to support WOMEN and YOUTH IN MSME.

Conversion

It was claimed the Parliament of Ghana approved the Ghana Enterprises Agency Bill under a certificate of urgency. The NBSSI was converted into the Ghana Enterprises Agency to oversee, coordinate, promote and develop Micro, Small and Medium Enterprises (MSMEs).^{[28] [29]}

Controversies

The NBSSI denied it was charging fees from applicants to process the CAPBuSS. It was reported some organizations and individuals were charging fees from applicants before they were allowed to access the funds. It also denied contracting any organization to charge processing fees in a statement.^[30]

An organization of private schools claimed the NBSSI refused to give them the full amount agreed in the package. They claimed their members were given a lower amount than they requested.^[31]

Notes and References

1. Web site: Ghana Can Dream Again – Coronavirus Alleviation Programme Business Support Scheme: Win-Win For All!. 2020-08-28. www.msn.com.
2. Web site: Training commences for selected SMEs under COVID-19 Innovation and Digitalisation Support Scheme - MyJoyOnline.com. 2021-04-06. www.myjoyonline.com. en-US.
3. Web site: IIA - Invest In Africa : Prospering African Economies. 2020-08-28. investinafrica.com. 2020-10-06. https://web.archive.org/web/20201006011033/https://investinafrica.com/detail/149. dead.
4. Web site: 2020-11-04. Ghana Enterprises Agency replaces NBSSI. 2020-11-04. MyJoyOnline.com. en-US.
5. Book: Ghana Rising . 2021-11-10 . World Bank. 10.1596/36580 .
6. Web site: Business Resource Centres – National Board for Small Scale Industries. 2020-08-28. en-US.
7. Book: Presentation to Associations. Coronavirus Alleviation Programme (CAP) Business Support Scheme. National Board for Small Scale Industries. 2020. Accra.
8. Web site: About Us – National Board for Small Scale Industries. 2020-08-28. en-US.
9. Web site: Terms of Use – National Board for Small Scale Industries. 2020-08-28. en-US.
10. Web site: NBSSI disburses GHC1m to micro business owners. 2020-08-28. BusinessGhana.
11. Web site: Partners – National Board for Small Scale Industries. 2020-08-28. en-US.
12. Web site: 2020-11-02. Fifty young entrepreneurs receive support from NBSSI. 2020-11-02. www.ghanaweb.com. en.
13. Web site: 2020-05-29. Coronavirus Alleviation Programme Business Support Scheme (CAP BuSS): Win-Win for All!. 2020-08-28. MyJoyOnline.com. en-US.
14. Web site: 2020-11-10. NBSSI aiding 500 SMSEs to digitalise. 2020-11-10. www.ghanaweb.com. en.
15. Web site: Bureau. Communications. President Akufo-Addo Launches Gh¢1 Billion Cap Business Support Scheme. 2020-08-28. presidency.gov.gh. en-gb.
16. Web site: 2020-07-09. NBSSI disburses funds to over 10,000 businesses. 2020-08-28. www.ghanaweb.com. en.
17. Web site: NBSSI disburses GH¢57.12m to small business owners. 2020-08-28. Graphic Online. en-gb.
18. Web site: 2020-06-10. 170,000 MSMEs apply for COVID-19 business support scheme- NBSSI. 2020-08-28. Ghanaian Times. en.
19. Web site: COVID-19 Alleviation Programme: 8,000 apply for loan. 2020-08-28. Graphic Online. en-gb.
20. Web site: 2020-09-14. Disbursement of GH¢50 million stimulus to private schools approved – NBSSI. 2020-09-15. www.ghanaweb.com. en.
21. Web site: 2021-01-30. CAPBuSS disbursement ends January 31. 2021-01-30. www.ghanaweb.com. en.
22. Web site: NBSSI launches business support programme. 2020-09-17. Graphic Online. en-gb.
23. Web site: 2020-09-26. Some hoteliers submitting family names for Coronavirus fund – NBSSI. 2020-09-29. www.ghanaweb.com. en.
24. Web site: 2015-05-21. More than half of all jobs created since 1995 were non-standard jobs. 2020-10-05. 10.1787/9789264235120-graph7-en .
25. Web site: 2020-10-20. Women entrepreneurs to receive major post-coronavirus boost. 2020-10-20. www.ghanaweb.com. en.
26. Web site: 2020-11-11. 300,000 businesses have benefitted from government's CAP BuSS initiative - NBSSI. 2020-11-12. www.ghanaweb.com. en.
27. Web site: Prez Akufo-Addo directs NBSSI to support victims of Odawna fire. 2020-11-20. Graphic Online. en-gb.
28. Web site: 2020-11-04. NBSSI converted to Agency after passage of Ghana Enterprises Agency Bill. 2021-04-05. Citinewsroom - Comprehensive News in Ghana. en-US.
29. Web site: NBSSI now Ghana Enterprises Agency. 2021-04-06. Graphic Online. en-gb.
30. Web site: 2020-09-08. NBSSI denies applicant fees charging claims. 2020-09-10. www.ghanaweb.com. en.
31. Web site: 2020-10-05. NBSSI not paying us agreed stimulus package – Private schools allege. 2020-10-05. www.ghanaweb.com. en.