I will do more for small businesses if I become President – Kofi Akpaloo

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The Founder and Leader of the Liberal Party of Ghana (LPG) Kofi Akpaloo says President Nana Addo Dankwa Akufo-Addo has failed in supporting micro, small and medium-scale enterprises (MSMEs)to deal with the impact of COVID-19.

He says the GH¢600 million soft loan for the entire business community is inadequate and that he would have dedicated GH¢500 million to just the MSMEs if he were the President.

Although he applauded the President, especially for his handling of Covid-19, Mr. Akpaloo reiterated the President must take a second look at supporting these MSME’s if he wants to retain power.

“I will do more if I am elected as President in the upcoming polls,” he added.

Figures from the Ghana Statistical Service reveal that micro enterprises constitute about 80 per cent of the MSME sector; small businesses constitute 15 per cent, and medium enterprises one per cent.

The COVID-19 Alleviation Programme Business Support Scheme is expected to reach over 200,000 MSMEs in total.

 

 

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