The National Board for Small-Scale Industries (NBSSI) in the Northern Region is urging small-scale business operators to register their businesses before seeking the board’s assistance.
The NBSSI says it cannot provide financial support to unregistered businesses because there is no guarantee of recouping the money for other beneficiaries.
The head of NBSSI in Tamale, David Amos Andoh-Kesson in an interview with Zaa News, attributed the collapse of most businesses to the attitude and lack of managerial skills by small and micro enterprises (SMEs).
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Mr Andoh-Kesson also bemoaned the poor time management by Ghanians, especially small scale business operators in the country and urged them to be time conscious in their day to day activities. He appealed to entrepreneurs to adopt multifaceted approach to sustain their businesses.
He said NBSSI is committed to providing business management training as well as building the capacity of entrepreneurs to ensure that, those they have provided funds manage it well to enable others to benefit.
Mr Andoh-Kesson lamented about the loose spending by some businessmen instead of them roping back profits into their capital.
NBSSI, according to the Tamale head, will only advance money to people, who have business management skills to ensure continuity of their businesses.
The National Board for Small Scale Industries 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 because the government viewed the sector as having the potential to contribute substantially to reducing the high unemployment rate and to the growth of the economy of Ghana.
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