Mr Speaker, thank you very much for the opportunity to also make a few observations. It is about the Bill before us.
Mr Speaker, the purpose of the Bill, we are told, is to establish the Ghana Enterprise Agency to promote and develop micro, small and medium enterprises in the country. Until now, the emphasis has been on Small and
Medium Enterprises. The micro enterprises have always lost out.
Mr Speaker, I think another relevant matter before us is also captured in the Memorandum to the Bill, which says that although the National Board for Small Scale Industries established under the National Board for Small Scale Industries Act, 1981 (Act 434) replaced the Ghana Enterprises Development Commission's, Act 434 and did not repeal the Ghana Enterprises Development Commi- ssion Act, (NRCD 330). This Bill therefore seeks to repeal the Ghana Enterprises Development Commi- ssion Act of 1975 (NRCD 330) because the Ghana Enterprises Development Commi-ssion to all intents and purposes no longer exist.
Mr Speaker, in totality, we are told the Bill is intended to establish the Ghana Enterprises Agency to provide the needed support required for the growth and development of the micro, small and medium enterprises sector in the country.
Mr Speaker, while we are at this, it is important for us to be able to determine which industries constitute the micro industries and which industries qualify to be described as small enterprises or medium-scale enterprises. There is no agreement about which industries qualify to be
described as micro enterprises or micro industries or small industries or medium-scale industries.
So Mr Speaker, I guess by this Act, we should be able to, as a nation, determine the scale of operations that would qualify an industry as a micro industry or a small-scale industry or a medium-scale industry. I say so because the issue that the Hon Minority Leader and I were discussing really found expression in a publication by the Private Enterprise Federation (PEF) 2018-2020 publication.
They themselves wrote the definition of micro, small and medium enterprises. They say to us that there is no one definition of MSMEs in Ghana. The definitions are based on different measuring criteria. Mostly the definitions are based on criteria such as the ownership structure of the entity, the number of employees, annual income and value of fixed or tangible assets owned by the entity.
Mr Speaker, again, the NBSSI, the institution mandated to promote the growth of SMEs in Ghana conceptualises SMEs as follows:
Micro enterprise is the enterprise that employs between one and five people with a capital of up to US$10,000; small enterprises, six to
29 employees with capital between US$10,000 and US$100,000; medium enterprises, between 30 and 99 employees with capital invested between US$100,000 and US$1 million and large scale enterprises above 100 employees and above US$1 million capital investment.
Mr Speaker, this is for NBSSI, but the route used by the Ghana Statistical Service is different because in their industrial statistics, they consider firms with less than 10 employees as small- scale enterprises and those with more than 10 employees as medium and large-scale enterprises. So where do we stand?
We should have a common denominator to judge which industries indeed qualify to be described as micro enterprises, medium-scale, small-scale and even large-scale enterprises.
Mr Speaker, the European Union (EU) considers micro, small and medium-scale enterprises as enterprises with up to 250 employees and a turnover of not more than €50 million or total balance sheet of more than €43 million.
Mr Speaker, this is Europe, but we ourselves are not consistent in the numbers that we use to judge which