CORPORATE GOVERNANCE settlement of account.” SMEs 31. No information is available from the CSAR on the size of the SME sector. However, the focus on the industrial development in Ghana has highlighted the important role played by small-scale enterprises in the economy. Parliamentary Act 434 of 1985 established the National Board for Small-Scale Industries in Ghana, which is an apex body for the development of micro- and small-scale enterprises. The government provides funding and training to the SME sector. There have been pilot SME projects in sericulture, night schools for apprentices, coconut products development, adhesives, stone slicing, fruit wines, vegetable processing, indigenous products and small-scale yarn production. Funding is sourced from the government in collaboration with NGOs, banks and credit unions. 6 Divestiture of State Interests (Implementation) Law 1993 (PNDCL 326), Section 3 (2) (c). Box 4.2: Support for SMEs in Ghana Government funding of SMEs includes: the National Microfinance Project located in the Ministry of Finance and Economic Development; the Ministry of Women and Children Affairs/Japan International Cooperation Agency (JICA) Microcredit scheme, which exclusively targets rural women entrepreneurs; the Social Investment Fund targeting agro-processing, agro-trade, fishing and poultry; the Venture Capital Fund; Export Development and Investment Fund; Community-Based Rural Development Project; the Export-Import-Guarantee Loan Facility; and the Government of Ghana/Swiss Government Loan Facility. The government supports skills development, entrepreneurship, management, and business training through institutions such as the Ghana Regional Appropriate Technology Industrial Service (GRATIS), National Vocational Training Institute (NVTI), Integrated Community Centres for Employable Skills (ICCES), Management Development and Productivity Institute (MDPI) and the Skills Training and Employment Project (STEP). 93

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