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COVID-19 Businesses Support Fund should spur MSMEs on to thrive

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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. 

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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.

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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.

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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.

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Tain residents in shock as husband allegedly  kills wife, commits suicide

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Residents of Brodi, a farming community in the Tain District of the Bono Region, have been left in shock and mourning following the alleged murder of a 45-year-old woman by her husband, who later died by suicide. 

According to information gathered by the Ghana News Agency (GNA), the suspect, popularly known as Kwabena Jack, believed to be in his 50s, allegedly attacked and killed his wife, Abena Donkor, while the couple were working on their farm on Monday, August 11, 2026. 

Mr Kingsley Obah, Assembly Member for the Brodi Electoral Area, confirmed the incident to the GNA. 

He explained that after news of the woman’s  death spread through the community, residents launched a search for the suspect. His lifeless body was later discovered in a nearby bush on Tuesday, August 12, 2026. 

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Police have since conveyed both bodies to the Tain District Government Hospital, where they have been deposited for preservation and autopsy. 

Investigations into the incident are ongoing. -GNA 

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Chaos at Madina REDCO… Hawkers, preachers take over footbridge

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Hawkers taken over the pedestrian walkway on the footbridge

Hawkers and roaming preachers have taken over the five-metre high Madina REDCO footbridge and adjoining streets, making it increasingly difficult for pedestrians to use the facility intended to promote safe road crossing.

The traders have virtually turned sections of the footbridge into a marketplace, displaying their wares on the floor using jute sacks, plastic sheets and metal trays, while others have occupied both sides of the walkway with their merchandise.

Foodstuffs such as okro, garden eggs, pepper, onions, dried fish, smoked fish, grains, spices and other groceries are openly sold on the footbridge and along the roadside, forcing pedestrians to weave through the crowded path.

Clothing and fashion accessories including slippers, brassieres, panties, socks, bags and other household items are also displayed for sale, leaving only limited space for commuters to use.

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The situation is worsened by the presence of itinerant preachers who position themselves on the footbridge with public address systems to evangelise, drawing crowds to further obstruct pedestrian movement.

Head porters are also seen crossing the highway through the median while carrying heavy loads instead of using the footbridge, exposing themselves to the danger of being knocked down by speeding vehicles.

Also, portions of the footbridge are showing signs of deterioration. Several metal railings are rusted, bent and loosely secured with pieces of wire, raising concerns about the safety of users, especially children, the elderly and persons with disabilities.

Sections of the concrete surface are worn and chipped, while makeshift wooden supports attached to parts of the structure suggest temporary repairs.

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After a visit by The Spectator last week, it emerged that many commuters preferred crossing the busy Madina Highway instead of using the footbridge because of the congestion created by the trading and preaching activities.

For years, successive attempts by the police, the military and the La Nkwantanang Madina Municipal Assembly to address congestion around the REDCO and Zongo Junction enclave have yielded little success, with the area becoming notorious for roadside trading, indiscriminate parking and pedestrians refusing to use the footbridge.

A pedestrian, who gave her name only as Maame Yaa, described the situation as worrying, saying the footbridge, which was constructed to protect lives, had gradually lost its purpose because of the growing encroachment by traders and preachers.

According to her, many pedestrians were discouraged from using the facility because navigating through the crowded walkway had become difficult and uncomfortable.

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She appealed to the La Nkwantanang Madina Municipal Assembly and other relevant authorities to intensify enforcement to prevent unauthorised trading and other activities on the footbridge and ensure it served its intended purpose of promoting pedestrian safety.

However, during the visit, personnel of the Ghana National Fire Service (GNFS) were seen carrying out a decongestion exercise to remove hawkers from sections of the roadside around the footbridge as part of efforts to improve public safety and ease the movement of both pedestrians and motorists.

The exercise forms part of a pilot project initiated by the Municipal Fire Commander for Madina, Division Officer II (DO II) Abdul Salia, who assumed command of the Madina Municipal Fire Station three months ago.

Speaking in an interview with The Spectator, DO II  Abdulai Salia, who is also a long time resident of the community, said the month long project began on July 1 and ended on July 31, with 30 firefighters deployed daily to regulate traffic, clear hawkers from the streets and footbridge, and create access for emergency vehicles.

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Continued on page 12

By Esinam Jemima Kuatsinu

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