News
COVID-19 Businesses Support Fund should spur MSMEs on to thrive
President Nana Addo Dankwa Akufo-Addo on Tuesday launched a GH¢1 billion COVID-19 Alleviation Business Support Programme to support Micro, Small and Medium Enterprises (MSMEs) affected by the coronavirus (COVID-19) pandemic.
The amount is expected to support businesses in areas such as agriculture and agribusiness, manufacturing, tourism and hospitality, education, food and beverages, technology, transportation, commerce, healthcare and pharmaceuticals, and textile and garments.
Additionally, MSMEs which need expansion to meet the growing demand for COVID-19 related goods and services can also apply.
According to President Akufo-Addo, the business support programme, which is expected to reach 180 beneficiaries across the country will help minimise job losses in the wake of the outbreak of the COVID-19 pandemic.
Out of GH¢1.2 billion earmarked for the programme, he said GH¢600 million will be disbursed as soft loans to MSMEs with one year moratorium and two years repayment. The rate of interest on the loans is three per cent.
Aside the GH¢1billion facility for MSMEs, the President indicated that the government will make available a GH¢3 billion credit and stimulus package to help boost businesses.
The Ghanaian Times applauds government for this initiative aimed at helping all businesses that have been heavily hit by COVID-19 in the country.
The harm that has been caused by the outbreak on Ghanaian businesses cannot be overemphasized.
The package, we believe, offers a huge sigh of relief to businesses which have seen their productivity levels and revenue reduced drastically and are struggling to hold on to their employees.
It is true that globally, the pandemic has rendered economies flat and affected the income of government, businesses and households.
In Ghana, MSMEs, which accounted for 70 per cent of the country’s Gross Domestic Product (GDP) and represented 92 per cent of businesses, have not been exempted.
This is why it is imperative that we support all efforts to ensure the success of the COVID-19 Alleviation Programme (CAP) Business Support Scheme to protect jobs and bring back the country’s economy to life when the dust settles.
We urge all businesses to take advantage of the government’s support programme and use the funds for the intended purposes to resuscitate their businesses and further enhance Ghana’s economic growth.
We are also mindful that not all businesses can be supported owing to limited funds and so we urge all beneficiaries to pay back on time to enable government extend similar support to others.
Even as we commend government for this laudable initiative, we will urge the country mobilise more funds to support other sectors including the media which are not expected to benefit from the support scheme in these difficult times.
FOR patrons at a special thanksgiving concert held in honour of parishioners, benefactors and friends at the St. Monica Catholic Rectory at Fan Milk, Accra, Rev. Fr Bonaventure Kweku Quaidoo will continue to be seen as a man of many parts.
Usually seen dressed resplendently in his cassock, Rev. Fr. Bonaventure is known by the faithful as a preacher of the word despite his background in music.
But on this auspicious occasion, the Rector, Rev. Fr Bonaventure Kweku Quaidoo, assumed the role of a conductor of the Central Ceremonial Band of the Ghana Police Service.
In front of the band wielding the conductor’s baton, Rev. Fr Bonaventure conducted the band as they gave a rendition of some of the spiritual hymns of the faithful, thrilling the audience in the event under the theme “An Evening of the Performing Arts in Thanksgiving to Beloved Parishioners, Benefactors and Friends.”
It was attended by the clergy, parishioners and invited guests for an evening that blended sacred reflection with artistic performance.
The Chaplain-General of the Ghana Police Service, DCOP Very Rev. Fr George Arthur, opened the programme with prayer, while the closing benediction was given by Very Rev. Fr. Isaac Ebo Blay, National Director of the Pontifical Mission Society.
A highlight of the evening was a classical performance by Dr Kyoung Ok Kim of the University of Ghana’s School of Performing Arts, who reinterpreted Ghanaian melodies to the delight of the audience.
Ordained in 1990, Rev. Fr Quaidoo is a trained musician and former member of the National Symphony Orchestra. Over the past 35 years, he has served in the dioceses of Tamale, Damongo and Accra, integrating music into his pastoral ministry.
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THE 41st Farmers’ Day was held last Friday in the Volta Region, honouring outstanding farmers that contributed immensely in the sustenance of the country’s food basket.
This year’s celebration was themed “Feed Ghana, Eat Ghana, Secure the Future”, reflecting the government’s emphasis on strengthening food systems, promoting local consumption, and building long-term resilience in the agricultural sector.
It was attended by the President, John Dramani Mahama, Minister of Agriculture, Mr Ernest Opoku, Regional Ministers and Paramount Chief of Asogli State, Togbe Afede XIV.
The week-long observance began on December 1, at the Ho Sports Stadium with the official opening of the 2025 National Agricultural Fair.
An 82 year-old farmer, Mr Opanin Abraham Kwaku Adusei from Kwawu Odumase in the Afram Plains District of the Eastern Region, was adjudged the 2025 National Best Farmer.
President Mahama commended the farmers for their dedication and pivotal role in advancing the country’s agricultural sector.
The Minister of Agriculture, Mr Eric Opoku, also attributed the current food glut to innovation and resilience of farmers.
Established in 1985, Farmers’ Day has grown into one of Ghana’s most significant national events—celebrating the enduring contributions of farmers and fishers to the nation’s development and economic stability.
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