Over 5,000 SMEs apply for coronavirus alleviation programme – NBSSI

Must Read

Your credibility will continue to suffer so long as NPP serves as your mouthpiece – Prof Gyampo to EC

A Political Science Lecturer with the University of Ghana, Professor Ransford Gyampo has charged the Electoral Commission (EC) to...

NDC has failed to learn lessons from ’embarrassing’ 2016 defeat – A Plus rallies Ghanaians to reject them again in 2020

Musician-turned-politician, Kwame Asare Obeng popularly known as Kwame A Plus has advised Ghanaians not to vote for the opposition...

New voters’ register: Kweku Baako lambasts House of Chiefs for “creating distortions”

The Editor-in-Chief of the New Crusading Guide newspaper, Abdul Malik Kweku Baako has taken a swipe at the National...

Over 5,000 small and medium scale enterprises have applied for financial assistance under the coronavirus alleviation programme.

According to the National Board for Small Scale Industries (NBSSI) 5,000 applications from institutions and 1,000 from individuals have reached their offices inquiring into how to access government’s GH¢1 billion stimulus package.

COVID-19: Government rolls out GH¢600 million soft loan scheme to support SMEs

The Executive Director of the NBSSI, Kosi Yankey-Ayeh says the packages are meant for small and medium scale enterprises who have been negatively impacted by the novel coronavirus pandemic.

Speaking at the Ministry of Information’s routine briefing on COVID-19 in Accra, Madam Yankey-Ayeh said the board is actively working to ensure that applicants get the best of services.

“We are happy to say that we have received over 1,000 calls as of yesterday, [with] people asking how they can access the platform and how best they can be supported and to address some challenges they have,” she said.

“To date, we have about 5,000 plus applicants on the platform who have registered and are waiting to move to the next stage… We want to assure Ghanaians and medium scale to small enterprises that we are working on this day and night to ensure that they received nothing but the best,” she assured.

“GH¢600 million was what was initially committed to small and medium scale enterprises as support to help sustain their business, but thankfully, through stakeholder engagement and support of the participating financial institutions, the commitment has increased to GH¢1 billion, GH¢400 million was added by the participating financial institutions,” she noted.

NBSSI can’t be trusted with GHC600m stimulus package – Ken Thompson

Kosi Yankey-Ayeh said the board is still welcoming more applications from businesses that need support through their website, nbssi.gov.gh/capsupport.

The support comes with a one-year moratorium and two-year repayment period.

SourceABC News

Submit your stories or articles to newsroom@abcnewsgh.com or Whatsapp them to +233 553620623

- Advertisement -


Latest News

Final year Ashesi University students won’t return to school as they finish semester online

Ashesi University, one of the private tertiary institutions in the country, says it has completed its academic work for...

Does the ‘cartoon guy’ realise wrong is wrong; NDC’s Dotsei Malor pressures Sammy Gyamfi to apologise

A former presidential staffer under the erstwhile Mahama administration, Ben Dotsei Malor has chided the National Communications Officer of the opposition NDC, Sammy Gyamfi...

Apologise for your reckless and infantile cartoon post – Coalition ‘hustles’ Sammy Gyamfi

A group calling itself the Coalition Against Racial Abuse (CARA) has described as "reckless and infantile politicisation" a cartoon post by the National Communication...

Gabby Otchere-Darko hails Shatta Wale for his maturity and positive influence on youth

Since the outbreak of the novel coronavirus pandemic, almost everything has come to a standstill. In the course of the viral outbreak, many entertainment personalities,...

NPP slates parliamentary primaries for Saturday, June 20, 2020; voting to be conducted at electoral areas

The highest decision-making body of the governing New Patriotic Party has slated its parliamentary primaries for Saturday, June 20, 2020. This follows a crunch meeting...

More Articles Like This

%d bloggers like this: