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

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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

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