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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).
More than 51% of these industries are located in rural areas. [2] Major industrial sectors include electrical and electronics , leather , auto parts , pharmaceuticals , energy equipment , jewellery , pollution control , sport goods , building material , garments , food processing , plastic and rubber .
It works in association with the National Small Industries Development Corporation. [3] Apart from acting as the dispenser of government subsidies for starting a new small scale industry, the Kerala SIDCO provides technical assistance, training, and also connects up the aspirant industrialists to suppliers of raw materials as well as machinery ...
Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by many national agencies and international organizations such as the World Bank, the OECD, European Union, the United Nations, and the World Trade Organization (WTO).
The Small Industries Development Organisation was established in 1954. It has over 60 offices and 21 autonomous bodies under its management. These autonomous bodies include Tool Rooms, Training Institutions and Project-cum-Process Development Centres.
It has been found that small businesses created the newest jobs in communities, "In 1979, David Birch published the first empirical evidence that small firms (fewer than 100 employees) created the newest jobs", and Edmiston claimed that "perhaps the greatest generator of interest in entrepreneurship and small business is the widely held belief ...