The National Board for Small Scale Industries (NBSSI) is the apex governmental body for the promotion and development of the Micro and Small Enterprises (MSE) sector in Ghana. It was established in 1985 by an Act of the Parliament of the Third Republic of Ghana (Act 434 of 1981) because Government views the sector as having the potential to contribute substantially to the reduction of the high unemployment rate and to the growth of the economy of Ghana.
NBSSI is an Agency under the Ministry of Trade and Industry with its Head Office in Accra, Secretariats in all the regional capitals and Business Advisory Centres (BACs) in one hundred and seventy (170) district capitals.
The main focus of NBSSI is to ensure that MSEs have access to high quality, affordable and accessible business support services (BDS) through the provision of client-focused quality programmes, supported by superior customer service and building strong relationships with stakeholders.
The National Board for Small Scale Industries (NBSSI) is the apex governmental body for the promotion and development of the Micro and Small Enterprises (MSE) sector in Ghana. It was established by an Act of the Parliament of the Third Republic of Ghana (Act 434 of 1981) and operationalized in 1985 because Government views the sector as having the potential to contribute substantially to reducing the high unemployment rate as well as the growth of the economy of Ghana. MSEs account for a significant share of economic activity in Ghana and can play an important role in achieving the development goals for production. The long-term goal is for MSEs to maximise their contribution to the country’s economic and social development with respect to production, income distribution and employment and the closer integration of women and people in rural areas into the national economy.
In order to create a single dynamic integrated organization adequately capitalized and capable of responding to the needs of the small-scale enterprises sector, the Government merged the Ghanaian Enterprises Development Commission (GEDC) in 1991 and the Cottage Industries Division of the Department of Rural Housing and Cottage Industries in 1994 with the Board.
Based on Parliamentary Act 434 establishing NBSSI and NRCD 330 (the GEDC promulgation Instrument) the following objectives guide the operations of NBSSI:
The services provided by NBSSI falls into two broad categories:
The Business Advisory Centres (BAC) of NBSSI are responsible for the provision of the non-financial services. The BAC is the extension office of the NBSSI which ensures easy access to all relevant information, training and guidance that would make the entrepreneur an all-rounded, competent and confident person. We focus on four areas that are crucial to the development of small business:
Financial services offered by NBSSI include extending credit through our loan schemes to entrepreneurs for both working capital and the acquisition of fixed assets. Interest rate on loans granted by NBSSI is not above 20% and repayments are by monthly instalments to ease the burden of loan repayment in enterprises.
Borrowers are usually granted between two to four months grace period. Personal guarantors are accepted as security since MSEs do not usually have collateral security.
Beneficiaries are encouraged to open accounts with the bank and transact their business, especially the loan repayment, through the bank so that they get acquainted with the banking culture.
NBSSI currently runs two types of credit schemes:
Deputy Executive Director
T: +233 208 149 672