mobd.gov.gh Reviews

The Ministry of Business Development (MOBD) is a government agency in Ghana, responsible for formulating and implementing policies and programs to support the growth and development of micro, small, and medium-sized enterprises (MSMEs). The ministry’s primary focus is on creating an enabling environment for entrepreneurship and private sector-led investment to drive economic growth and job creation.

Key Functions:

1. Policy Formulation: MOBD is tasked with developing and proposing policies that promote the growth and sustainability of MSMEs in Ghana. These policies aim to address the specific needs and challenges faced by small businesses and entrepreneurs.

2. Program Implementation: The ministry is responsible for implementing various programs and initiatives to support MSMEs. This includes providing financial assistance, training, and capacity building to help entrepreneurs start and grow their businesses.

3. Monitoring and Evaluation: MOBD monitors the effectiveness of its policies and programs to ensure they are achieving their intended objectives. This involves assessing the impact of government interventions on the MSME sector.

4. Support for Youth Entrepreneurship: One of the key focus areas for MOBD is supporting youth entrepreneurship. The ministry aims to empower young people to become successful entrepreneurs by providing them with the necessary skills, resources, and opportunities.

5. Private Sector Engagement: MOBD works closely with the private sector to understand the needs of businesses and create an environment conducive to investment and growth. This collaboration is essential for fostering a vibrant and competitive business landscape.

6. Job Creation: A core objective of MOBD is to promote job creation through the development of MSMEs. By supporting the growth of small businesses, the ministry aims to generate employment opportunities for the Ghanaian population.

7. Business Environment Improvement: The ministry is committed to creating a business-friendly environment that encourages entrepreneurship and innovation. This involves streamlining regulatory processes, reducing bureaucratic barriers, and promoting a culture of enterprise.

Overall, the Ministry of Business Development plays a crucial role in driving economic development and inclusive growth in Ghana. By focusing on the needs of MSMEs and fostering a supportive ecosystem for entrepreneurship, the ministry contributes to the country’s long-term prosperity and sustainability.”

the reasons behind this review :
Government Agency, Policy Formulation, Program Implementation, Monitoring and Evaluation, Support for Youth Entrepreneurship, Private Sector Engagement, Job Creation, Business Environment Improvement