Deputy Minister of Trade and Industry, Carlos Ahenkorah has outlined the importance of small and medium enterprises (SME) saying the Trade Ministry is set to 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.
He stated with SMEs forming about 85 percent of the total industrial space, the ministry intends to transform the NBSSI into an Enterprise Development Authority which will have a regulatory function and will be able to stand firm on behalf of SMEs in terms of attracting needed support for the sector.
Mr. Ahenkorah said the NBSSI will be upgrading its Business Advisory Centres (BACs) footprint across over 254 districts in the country into Business Resource Centres (BRCs), by 2020 which will serve as a one-stop-shop for SMEs.
Meanwhile another Deputy Minister for Trade and Industry, Robert Ahomka-Lindsey has stated at the launch of the Business Enabling Programme that sanitising the business space is a journey which will involve painful decisions and mitigated policies.
“However importers, Ghana Union of Traders Association (GUTA) and others must be ready to pay fair tax,” he further submitted.
By Michael Eli Dokosi/goldstreetbusiness.com
