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
Search and rescue operations are ongoing following a structural collapse at the Experimental D/A School in Accra Newtown.
The Ghana National Fire Service (GNFS) confirmed that emergency teams were deployed to the scene to assist victims who may be trapped under the debris.
In an update, the service indicated that personnel from the Ghana Police Service, the National Ambulance Service and the National Disaster Management Organisation (NADMO) are workin7g together to manage the situation and rescue affected persons.
It noted that the area has been cordoned off by the police to prevent members of the public from entering the scene and interfering with the operation.
According to the GNFS, the coordinated effort is aimed at ensuring that all trapped victims are safely rescued as quickly as possible.
The service advised residents and the general public to stay away from the area to allow emergency teams to carry out their work without obstruction.
The service added that further updates will be provided as the situation develops.
By: Jacob Aggrey
The New Times Corporation (NTC), publishers of The Ghanaian Times and The Spectator, on Wednesday held a staff get-together to commemorate the Ghana Month celebration.
The event was also to strengthen teamwork and bonding. It was attended by management members and staff from various departments.
The staff were engaged in activities such as apple eating, musical chairs competition, pick and act, and other interesting games.
Speaking at the gathering, the Chairperson of the Corporation’s Interim Management Committee (IMC), Dr (Mrs) Charity Binka, emphasised the importance of unity and collaboration in achieving organisational goals. She urged the staff to put aside their differences, work together, and also create a positive working environment.
In a welcome address, the Editor of The Spectator, Mrs Georgina Naa-Maku Quaitoo, urged the staff to have fun as “we climax the Ghana Month celebration with this get-together.”
The Acting Editor of The Ghanaian Times, Mr David Adadevoh, commended the staff for coming out in their numbers to join in the celebration and called for unity to transform the fortunes of the Corporation.
By Linda Abrefi Wadie
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