The strong will of the government towards industrialization will ultimately help to strengthen and broaden the country’s micro, small and medium enterprises environment, according a deputy Trade and Industry Minister, Carlos Kingsley Ahenkorah.
Speaking at a Partners’ Appreciation Awards organized by the National Board for Small Scale Industries (NBSSI) in Accra, he said that it will be a prudent act to improve the MSMEs space given its role in national development.
He indicated: “It has been statistically determined that SMEs form about 85percent of our total industrial space, and if this were so, that they have supported this economy up until this point, then it only stands to reason that we find a way to strengthen the base.
To further improve the fortunes of SMEs, Mr. Ahkorah said the Trade Ministry will transform the National Board for Small Scale Industries (NBSSI) into an enterprise development authority that will have regulatory and supervisory powers to firmly operate in the interest of SMEs.
NBSSIs Partners Appreciation Awards was to recognize and appreciate the various institutions, agencies and donor partners whose continuous support and contributions have helped in diverse ways towards the core mandate of the institution.
In all, about 19 partners were recognized with citations including Vodafone Ghana, Rural Enterprises Programme (REP), IFAD, JICA, BUSAC Fund, Christian Aid, Ghana Blind Union, and the MTN Ghana Foundation.
The rest were Efua Dabanka, an entrepreneur and CEO of SheLeadsIT, the Association of Small Scale Industries (ASSI), Mondelez Cocoa Life, AfDB, MoTI, Blu Penguin, IPA and Stanbic Bank. Media partners that were recognized were GTV, Citi TV and the Ghana News Agency.
Source: BestNewsGH.com/Paa Kwesi Paintsil