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Ghana Enterprises Agency Act 2020, Act 1043.

Country/Territory
Ghana
Document type
Legislation
Date
2020
Source
FAO, FAOLEX
Subject
General
Keyword
Legal proceedings/administrative proceedings Business/industry/corporations Fiscal and market measures Governance
Geographical area
Africa, North Atlantic, Western Africa
Abstract

This Act provides for promotion and development of micro, small and medium enterprises in the country, oversea and coordinate the promotion and development of micro, small and medium enterprises, strengthen the capacity and competitiveness of these companies and encourage their participation in industrial transformation through innovation and technology transfer. The Agency will be in charge to achieve these objects and would set up a service delivery network to assist micro, small and medium enterprises. The governing body of the agency is a Board consisting of the members nominated in Article 4, while two members should at least be women. The Board shall be responsible for the strategic direction and policies of the Agency and to oversea the sound and proper management of the resources of the Agency. The Act further provides on duties and liabilities of the member of the Board, tenure of office and meetings. For performance the duties of the Board, committees shall be established. Policy directives shall be granted by the Ministry and a Chief Executive Officer shall be appointed. The Act further provides for the source of money and auditing process and establishment of the micro, small and medium enterprise fund. This Act consists of 35 Articles.

Full text
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