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

Nick Fobih and Alex Yaw Adom

A chapter in Conference Proceedings 2017, 2017, pp 93-100 from Universities Entrepreneurship and Enterprise Development in Africa International Conference

Abstract: 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. Published In: Munyoki, Bode (Eds.): Universities, Entrepreneurship and Enterprise Development in Africa - Conference Proceedings 2017. Nairobi, Kenya, 19. July 2017

JEL-codes: A13 M21 (search for similar items in EconPapers)
Date: 2017
ISBN: 978-3-96043-060-5
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://pub.h-brs.de/frontdoor/deliver/index/docId ... ceedings_2017_93.pdf Download (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sau:ueedcc:06:093-100

DOI: 10.18418/978-3-96043-060-5_93

Access Statistics for this chapter

More chapters in Proceedings Paper from Universities Entrepreneurship and Enterprise Development in Africa International Conference
Bibliographic data for series maintained by ().