NATIONAL MSME POLICY
The MSME sector is an important strategic sector in the overall policy objectives of the Government of Ghana and a driver of change for inclusive economic growth, regional development, employment generation and poverty reduction. The MSME sector is seen as a tool to transform lagging regions and districts into emerging regions and districts of prosperity.
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MSMEs serve as a major source of employment, and their capacity to create jobs can be enhanced through the provision of targeted support. To this end, Government is determined to create an entrepreneurial culture, especially among the youth, and has launched the National Entrepreneurship and Innovation Plan (NEIP), to support start-ups and early-stage businesses with financing and business development services, including incubator hubs and business accelerator services.
Formalizing the informal economy is also an important medium-term goal of Government. The strategy aims at rapidly and sustainably expanding financial inclusion by: deepening the reach of financial services; improving financial literacy, especially among the youth and women in the informal sector; improving access to finance for informal sector operators and agricultural enterprises in the rural areas; and strengthening consumer financial protection. Targeted support will be given to MSMEs to enhance their capacity to create more jobs of better quality. Read More...
Mon March 04, 2019 - Mon March 04, 2019