National Board for Small-Scale Industries

The National Board for Small-Scale Industries(NBSSI) is a government agency under the Ministry of Trade and Industry.[1] It is mandated by Act 434 to promote and develop MSMEs in Ghana.[2] It was replaced by the Ghana Enterprises Agency in November 2020. Its aim is to interrelate, administer and stimulate the development of Micro, Small, and Medium Scale Enterprises (MSMEs).[3]

Resources and Coverage

Aims of NBSSI
  1. To contribute to the creation of an enabling environment for the small-scale enterprise development.
  2. To contribute to the development of an enterprise culture in Ghana by facilitating access to credit.
  3. Facilitate MSEs access to substantial and high quality Business Development Services for their development.[6]

Services

It delivers services such as funding, business development and business performance.[5]

Registration Process
  • First the Applicant must select the event she/he wants to register for.
  • In order to access the registration form, the Applicant may either use her/his account identifiers if she/he is already a member of the NBSSI’s or apply directly as a new user.
  • Once the registration process is initiated, the Applicant must provide general information about her/him and her/his organization (required information will be marked with an asterisk).
  • The Applicant is then provided with information regarding the applicable price.
  • The Applicant is then asked to tick the T&Cs’ acceptance box, to choose the desired payment method, to provide her/his invoicing information and to submit her/his payment.
  • Once this stage is complete, the registration is confirmed.[7]

Partners

The NBSSI partners with some organizations such as the Ministry of Trade and Industry, USAID, EU, Christian Aid, UNICEF, Ghana Standards Authority,[8] Ministry of Inner-Cities and Zongo Development among others.[9]

The NBSSI partnered with Mastercard Foundation to embark on a project.[10]

Achievements

The NBSSI has trained about 65,000 youth through innovation hubs and apprenticeship programs.

It has disbursed about GHC45 million as loans.

It has provided business acceleration services to 254 SMEs through KAIZEN.

It has also linked businesses to funding and international exports markets.

It has established over 13,000 new businesses.[5][11]

The NBSSI claimed it plans to formalize the activities of SMEs through digital means. It also claimed it has received some funds to help about 500 businesses to scale-up their startups to digital platforms.[12]

Support Scheme

On 19th May 2020, the president Nana Akufo-Addo launched the CAPBuSS which was provided by the Government of Ghana and other organizations to micro, small and medium-scale businesses across Ghana.[13][14][15][16][17]

The Executive Director of NBSSI claimed there was an approval for the disbursement of stimulus packages to over 1,000 private schools in the country.[18] In January, they decided to end the disbursement of funds to SMEs.[19]

The NBSSI in partnership with the MasterCard Foundation launched the Nkosuo Program for the support of both formal and informal sectors who were affected by COVID-19 pandemic.[20]

It was disclosed some hoteliers submitted names of their family members to access the COVID-19 stimulus package by the Government.[21]

According to the Executive Secretary, more than 21,800 jobs were created under the government's CAPBuSS mainly owned by the youth.[22]

The Executive Director of NBSSI said they were focusing on helping female entrepreneurs begin their businesses to be strong due to the impact of the COVID-19 pandemic.[23]

The NBSSI gave start-up kits to young business peoples in the Bono region to help scale their businesses.[10]

The NBSSI disbursed funds under the CAP BuSS to over 300,000 businesses in Ghana.[24]

The NBSSI was directed by President Nana Akufo-Addo to offer financial support to traders who lost their goods to a fire outbreak at the Odawna Market.[25]

Controversies

The NBSSI denied it was charging fees from applicants to process the CAPBuSS. It was reported some organizations and individuals were charging fees from applicants before they were allowed to access the funds. It also denied contracting any organization to charge processing fees in a statement.[26]

An organization of private schools claimed the NBSSI refused to give them the full amount agreed in the package. They claimed their members were given a lower amount than they requested.[27]

References
  1. "Ghana Can Dream Again – Coronavirus Alleviation Programme Business Support Scheme: Win-Win For All!". www.msn.com. Retrieved 2020-08-28.
  2. "IIA - Invest In Africa : Prospering African Economies". investinafrica.com. Retrieved 2020-08-28.
  3. "Ghana Enterprises Agency replaces NBSSI". MyJoyOnline.com. 2020-11-04. Retrieved 2020-11-04.
  4. "Business Resource Centres – National Board for Small Scale Industries". Retrieved 2020-08-28.
  5. Presentation to Associations (2020). Coronavirus Alleviation Programme (CAP) Business Support Scheme. Accra: National Board for Small Scale Industries.
  6. "About Us – National Board for Small Scale Industries". Retrieved 2020-08-28.
  7. "Terms of Use – National Board for Small Scale Industries". Retrieved 2020-08-28.
  8. "NBSSI disburses GHC1m to micro business owners". BusinessGhana. Retrieved 2020-08-28.
  9. "Partners – National Board for Small Scale Industries". Retrieved 2020-08-28.
  10. "Fifty young entrepreneurs receive support from NBSSI". www.ghanaweb.com. 2020-11-02. Retrieved 2020-11-02.
  11. "Coronavirus Alleviation Programme Business Support Scheme (CAP BuSS): Win-Win for All!". MyJoyOnline.com. 2020-05-29. Retrieved 2020-08-28.
  12. "NBSSI aiding 500 SMSEs to digitalise". www.ghanaweb.com. 2020-11-10. Retrieved 2020-11-10.
  13. Bureau, Communications. "President Akufo-Addo Launches Gh¢1 Billion Cap Business Support Scheme". presidency.gov.gh. Retrieved 2020-08-28.
  14. "NBSSI disburses funds to over 10,000 businesses". www.ghanaweb.com. 2020-07-09. Retrieved 2020-08-28.
  15. "NBSSI disburses GH¢57.12m to small business owners". Graphic Online. Retrieved 2020-08-28.
  16. "170,000 MSMEs apply for COVID-19 business support scheme- NBSSI". Ghanaian Times. 2020-06-10. Retrieved 2020-08-28.
  17. "COVID-19 Alleviation Programme: 8,000 apply for loan". Graphic Online. Retrieved 2020-08-28.
  18. "Disbursement of GH¢50 million stimulus to private schools approved – NBSSI". www.ghanaweb.com. 2020-09-14. Retrieved 2020-09-15.
  19. "CAPBuSS disbursement ends January 31". www.ghanaweb.com. 2021-01-30. Retrieved 2021-01-30.
  20. "NBSSI launches business support programme". Graphic Online. Retrieved 2020-09-17.
  21. "Some hoteliers submitting family names for Coronavirus fund – NBSSI". www.ghanaweb.com. 2020-09-26. Retrieved 2020-09-29.
  22. "More than half of all jobs created since 1995 were non-standard jobs". dx.doi.org. 2015-05-21. Retrieved 2020-10-05.
  23. "Women entrepreneurs to receive major post-coronavirus boost". www.ghanaweb.com. 2020-10-20. Retrieved 2020-10-20.
  24. "300,000 businesses have benefitted from government's CAP BuSS initiative - NBSSI". www.ghanaweb.com. 2020-11-11. Retrieved 2020-11-12.
  25. "Prez Akufo-Addo directs NBSSI to support victims of Odawna fire". Graphic Online. Retrieved 2020-11-20.
  26. "NBSSI denies applicant fees charging claims". www.ghanaweb.com. 2020-09-08. Retrieved 2020-09-10.
  27. "NBSSI not paying us agreed stimulus package – Private schools allege". www.ghanaweb.com. 2020-10-05. Retrieved 2020-10-05.
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