•
•
4.2.2
the GIPC Act are complied with;
The country’s immigration laws are properly enforced; and
Non-Ghanaian traders meet their tax obligations to the State
Immigration Laws
The Ghana Immigration Service (GIS) continued to enforce immigration laws relating to
entry, residence, employment and exit of foreign nationals. The number of foreigners
arrested in the country without resident or work permits increased from 132 in 2010 to
153 in 2011, indicating a 16 percent increase.
4.2.3
Credit to businesses
The Association of Ghana Industries (AGI) Business Barometer for the last quarter of
2011 reported that access and cost of credit remain the most important constraints to
medium, small and micro enterprises development.
As part of efforts to ease the constraint on SMEs the Micro Finance and Small Loans
Centre increased the volume of credit extended to SMEs (Table 4.2)
Table 4.2:
MASLOC loan disbursement and recovery for period 2010 - 2011
Loans extended
Amount recovered
Total number of
beneficiaries
Number of female
beneficiaries
Number of male
beneficiaries
2010
Target
Achievement
3,314,250.00
4,030,190.00
1,508,250.00
1,438,403.74
6,628
8,096
2011
Target
Achievement
47,000,000.00 18,325,915.00
12,754,314.00 10,421,409.02
71,310
36,334
5,300
7,628
57,048
32,835
1,328
468
14,262
3,499
Source: MASLOC, 2012
Ecobank opens China Desk
The Eobank Group and the Bank of China have jointly opened the first China Desk at
Ecobank Ghana to provide banking services to Chinese companies doing business in
Ghana and also to Ghanaians who want to do business in China.
Sixth Annual APRM Progress Report: January – December 2011
67