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Entrepreneurship and Private Sector Development in Ghana: The Government’s MASLOC & NBSSI Initiatives

  • This paper focuses on entrepreneurship and private sector development in Ghana with regard to the government’s initiative towards supporting private sector development through the Microfinance & Small Loans Centre (MASLOC) and the National Board for Small Scale Industries (NBSSI) initiatives to support new and existing small and medium-scale enterprises (SMEs) in diverse industries. The study addresses some of the main problems facing the two government-sponsored initiatives and issues with accessing venture capital for business start-ups in Ghana. The objective of the study is to identify possible strategies through which the MASLOC and NBSSI could be improved to serve the needs of their customers more effectively and efficiently. Enhancing the performance of these public organizations could offer many SMEs in Ghana take advantage of the new opportunities in the domestic and global business environments. The questions to be addressed are; to what extent do the activities of the NBSSI and MASLOC meet the needs of SMEs in Ghana? What challenges are associated with their services and how can management of the two organizations address the challenges they face more appropriately? The methodology is based on the qualitative and quantitative approaches, involving interviews and the administration of questionnaires and surveys to achieve the study’s objectives and goals. Based on the identified challenges, the study concludes with findings and recommendations for the management of NBSSI and MASLOC as well as entrepreneurs engaged in different SMEs in diverse industries and policy makers.

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Document Type:Conference Object
Author:Nick Fobih, Alex Yaw Adom
Parent Title (English):Munyoki, Bode (Eds.): Universities, Entrepreneurship and Enterprise Development in Africa - Conference Proceedings 2017. Nairobi, Kenya, 19. July 2017
First Page:93
Last Page:100
Publishing Institution:Hochschule Bonn-Rhein-Sieg
Date of first publication:2017/11/28
Keyword:Entrepreneurship; Ghana; Government; MASLOC; NBSSI; Private sector development
Dewey Decimal Classification (DDC):6 Technik, Medizin, angewandte Wissenschaften / 65 Management, Öffentlichkeitsarbeit / 650 Management und unterstützende Tätigkeiten
Conference volumes:Universities, Entrepreneurship and Enterprise Development in Africa / Universities, Entrepreneurship and Enterprise Development in Africa, Nairobi, Kenya, 19 July 2017
Entry in this database:2017/11/28
Licence (Multiple languages):License LogoIn Copyright (Urheberrechtsschutz)