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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.
![Mrs Georgina Quaittoo [third from right] pose with some members of the Association Photos Okai Elizabeth.](https://spectator.com.gh/wp-content/uploads/2026/03/Mrs-Georgina-Quaittoo-third-from-right-pose-with-some-members-of-the-Association-Photos-Okai-Elizabeth.jpg)
THE Times Ladies Association, a group consisting of female staff of the New Times Corporation (NTC), on Monday commemorated this year’s International Women’s Day with a call on women to empower themselves through education, unity and healthy living to contribute meaningfully to national development.
The event, held at the NTC’s boardroom, was attended by management members and staff of the corporation and was to celebrate the achievements of women and reflect on their role in society.
In her address, the President of the association, Mrs Georgina N.M Quaittoo, said the global celebration, marked annually on March 8, recognised the economic, political and social achievements of women while raising awareness about gender equality.
Although the international celebration fell on Sunday, she explained that the association decided to mark the occasion on March 9 to enable members to participate fully and commemorate the day in their own way.
Speaking on this year’s theme: ‘Rights. Justice. Action. For All Women and Girls,’ and the global campaign theme: ‘Give to Gain,’ she the association had over the years worked tirelessly to support the growth and progress of the corporation despite the challenges they faced.
Urged members to commit themselves to deeper service to humanity and the advancement of women. She said women were unique, resilient and invaluable to society, stating that they deserved respect, appreciation, kindness and love for the vital roles they played in families, workplaces and communities.
According to her, members of the President, who is also the Editor of The Spectator newspaper, encouraged members to empower themselves academically and take advantage of opportunities to improve their lives and careers.
She also urged them to maintain healthy lifestyles by going for regular medical check-ups, exercise regularly, get enough rest and support one another.
Moreover, she advised members to accept leadership positions when given the opportunity and to exhibit qualities such as hard work, confidence, patience, compassion and responsibility in both their homes and workplaces.
Contributing, the Chanel Marketing and Circulation Manager, Mr Alfred Koomson, said women played critical roles in society and deserved to be supported and appreciated.
He urged men to recognise that they were often vulnerable species without the care, support and contributions of women in their lives.
He, therefore, commended women for the invaluable roles they play as mothers, caregivers, professionals and leaders, stressing that society would be incomplete without them.
By Esinam Jemima Kuatsinu
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GHANA celebrated her 69th Independence Anniversary last Friday with colourful parades across all 16 regions of the country.
This year’s theme: ‘Reflect, Review, Reset,’ emphasised the importance of reflecting on the nation’s journey, assessing its current state, and planning for a brighter future.
At the Jubilee House, dignitaries present were President John Mahama, Vice President Prof. Naana Jane Opoku-Agyemang, former Presidents, Akufo-Addo and John Agyekum Kufuor, behalf of the President, former President of Tanzania, and other distinguished guests.
The President, John Dramani Mahama, addressed the nation at the seat of government whiles Metropolitan, Municipal and District Chief Executives addressed their various assemblies on.
As part of the celebrations, school children paraded and displayed their marching skills whiles others performed cultural and other social activities to mark the day across the regions.
