Business support schemes in Ghana: An assessment

Abstract

Business support schemes are necessary for the growth of private enterprises. Ghana has had a number of initiatives under various regimes from independence to date, aimed at ensuring vibrant business support schemes but the country is far from reaching the goal. This is because there is lack a of clear policy direction as well as weak collaboration among the few public and private business support organisations. This paper highlights two prominent institutions, the National Board for Small Scale Industries and Empretec Ghana Foundation and establishes that the institutions need financial support and more qualified personnel to carry out their mandate. There is also the need to consolidate the fragmented support services especially in the private sector to avoid duplication.