The small and medium-sized enterprises (SMEs) are to get a lift, that’s according to Deputy Trade and Industry Minister; Robert Ahomka-Lindsay.
According to Mr. Ahomka-Lindsay, the country’s rapid advancement hinges on the country’s SMEs adding his ministry is studying the Vietnamese example to enable players in the sector do more.
He was impressed with how Vietnam achieved massive growth in their rice and tea industries using their SMEs to lethal effect pointing out that Ghana’s Board for Small Scale Industries is being empowered to do more.
The National Board for Small Scale Industries was set up by Act 434 of 1981 and is mandated to promote the growth and development of Micro and Small Entreprises (MSEs).
The category of micro, small and medium-sized enterprises (SMEs) is made up of enterprises which employ fewer than 250 persons and which have an annual turnover not exceeding 50 million euro, and/or an annual balance sheet total not exceeding 43 million euro.
Michael Eli Dokosi/goldstreetbusiness.com