News
Nearly 5,000 MSMEs apply for COVID-19 business support fund
The National Board for Small Scale Industries (NBSSI) has received close to 5,000 applications days after government launched the GH¢1 billion COVID-19 Alleviation Programme (CAP) business support scheme to cushion businesses negatively impacted by the coronavirus (COVID-19) pandemic.
Jointly funded by government and some commercial banks in the country, the scheme which is being managed by the National Board for Small Scale Industries (NBSSI) is expected to help micro, small and medium enterprises (MSMEs) back onto their feet.
The scheme, which has been grouped into two, namely Adom and Anidaso, will make available funds to smaller enterprises and larger companies respectively.
Speaking at a press briefing in Accra yesterday on government’s interventions against the disease, Executive Director of NBSSI, Esi Kosi Antwiwaa Yankey, said the applicants have been registered and were awaiting the next stage.
She noted that the interest rate was three per cent with a one-year payment moratorium and two to three years payment period.
As at yesterday, she said the Board has received more than 1000 calls from interested businesses on how to access the funds.
She indicated that all the announced platforms for access to the fund including online portal, USSD codes and dedicated office have been activated and could be used by all including persons with disabilities (PWDs).
To be able to provide opportunities for all to receive the financial support, Madam Yankey said the NBSSI has established a grievance centre to address issues and challenges faced by applicants.
“If you are experiencing any difficulty with regards to the application process, please contact the grievance centre and all your issues will be looked at. It is for all MSMEs and so we encourage all to participate to benefit financially,” she added.
To ensure efficient use of the funds, she said, the Board would monitor and train beneficiaries on book keeping skills to digitise their businesses and increase revenue potentials.
She stated that beneficiaries which fail to pay back the funds they receive would be blacklisted from accessing future support from government.
President Nana Addo Dankwa Akufo-Addo on Tuesday launched a GH¢1 billion COVID-19 Alleviation Business Support Programme to support MSMEs affected by the 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.
According to President Akufo-Addo, the business support programme, which is expected to reach 180,000 beneficiaries across the country, will help minimise job losses in the wake of the outbreak of the COVID-19 pandemic.
BY CLAUDE NYARKO ADAMS
The Ghana Highway Authority has announced a temporary traffic management arrangement on sections of the Accra Tema Motorway and the Tetteh Quarshie Interchange as construction work continues on the motorway expansion project.
In a public announcement issued on March 5, the Authority explained that the arrangement forms part of ongoing construction works under the Accra Tema Motorway and Extension Projects.
It noted that the traffic adjustment is required to allow contractors carry out T beam launching works for the expansion of the Tetteh Quarshie Interchange Bridge on the N1 highway.
Under the arrangement, lanes on the N4 northbound carriageway, which serves traffic moving from Accra to Madina, will be temporarily closed.
Meanwhile, the southbound carriageway from Madina to Accra, which currently has four lanes, will be reconfigured into two lanes in each direction to accommodate traffic moving both ways.
The Authority indicated that the temporary traffic changes will take effect from Monday, March 9, 2026 and are expected to last for four months.
According to the statement, the lane reduction is necessary to create a safe working space for construction personnel and to ensure the safety of motorists using the road.
The Authority therefore advised drivers to be cautious, obey traffic signs and cooperate with traffic management officials throughout the construction period.
It encouraged members of the public who require further information to contact its Public Affairs Division through WhatsApp on 0551622244.
By: Jacob Aggrey
The National Chief Imam, Osman Nuhu Sharubutu, has congratulated the Government and people of Ghana as the country marks its 69th Independence Day, urging citizens to renew their commitment to national unity and democratic values.
In a statement to commemorate the celebration on March 6, he encouraged Ghanaians to use the occasion to strengthen their dedication to constitutional democracy, economic progress, interfaith harmony and peaceful coexistence.
He observed that the world was currently facing several challenges, including the rise of authoritarian governments and increasing military conflicts among nations.
According to him, humanity was experiencing turbulent times, with genocidal attitudes and violent extremism becoming more widespread in different parts of the world.
The Chief Imam explained that such global developments should inspire Ghanaians to come together and deepen their commitment to nation building while embracing unity in diversity.
He noted that although colonialism left a painful mark on the country’s history, Ghanaians could take comfort in their collective determination to overcome colonial subjugation and build a free nation.
Reflecting on the country’s independence struggle, he indicated that Ghanaians now remembered the victory for liberty rather than the hardship endured during the fight against tyranny.
The National Chief Imam offered prayers for divine guidance and blessings for the President, John Dramani Mahama, the Government and the people of Ghana.
By: Jacob Aggrey
