The Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare (MP), has announced that the government has in place a strategic agenda aimed at revanping the Micro, Small and Medium Enterprises (MSME) sector.
She stated this at an event to mark the country’s International MSME Day under the theme “Empowering MSMEs, Connecting Entrepreneurs for a Digital and Sustainable Future.”
According to the minister, the government is dedicated to its bold commitment to reposition the MSME sector at the heart of national transformation, digital inclusion, and sustainable economic growth.
The event was held on Friday, 27th June, 2025.
“We are gathered as a full spectrum of Ghana’s enterprise ecosystem, from government and development partners to financiers and technology enablers, to connect, collaborate and chart a bold new path,” the minister said.
She referred to Ghana’s MSMEs as “bold, creative and resilient”, but often “malnourished” due to limited access to finance, digital tools, and supportive policy frameworks.
The minister also referenced the findings from a 2022 study on MSME digital transformation, which identified informality, poor digital literacy, and underutilisation of mobile and social platforms for business growth as some of the challenges confronting the sector.
She announced that the government will roll out a four-pronged target for delivery by 2027:
• Unlock GHS 6 Billion in Affordable Lending – Targeting at least 100,000 MSMEs, with 60% of beneficiaries being women and youth-led enterprises.
• Operationalise Three Industrial and Agroecological Parks – Shared facilities providing energy, logistics and infrastructure to enable MSMEs to scale and generate formal jobs.
• Cut Certification Time and Costs by 40% – Supporting 5,000 MSMEs to achieve regulatory compliance with agencies such as the FDA, GSA and ORC.
• Digitally Onboard 250,000 MSMEs – Enhancing formality, access to finance, and visibility through e-commerce, payments, and business management platforms.
She further disclosed that the government is revising the National MSME and Entrepreneurship Policy to reflect current sector realities, with a costed implementation strategy to ensure measurable results.
Additionally, the Ghana Enterprises Agency has been tasked with developing a new strategic plan focused on youth, women, persons with disabilities, and the informal sector.
Some of the interventions she spoke about were:
• The Business Regulatory Reform (BRR) Unit is to simplify certification and registration.
• The Apprenticeship-to-Entrepreneurship Programme, which is investing in digital skills training.
• Access to innovative financial products like zero-fee mobile credit and merchant-friendly platforms.
• The creation of a Women’s Bank to ease access to capital for female entrepreneurs.
• Flagship programmes such as the Accelerated Export Development Programme (AEDP), Feed the Industry Initiative, Made-in-Ghana Promotion, and Rapid Industrialisation for Jobs Strategy.
“These initiatives are structured to integrate MSMEs as suppliers, processors, and innovators across value chains in agriculture, pharmaceuticals, textiles, garments, and the automotive sectors,” she added.
By: Rainbowradioonline.com/Ghana
