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
In a world where fathers are increasingly consumed by work and the pursuit of financial security, Bishop Michael Quartey, the Regional Overseer of the Perez Chapel International, has urged fathers to prioritise spending quality time with their children.
This, he said makes them develop trust, love and sense of security in building confident responsible adults.
Bishop Michael Quartey made this known in an interview with The Spectator ahead of the Father’s Day celebration tomorrow.
He noted that while many fathers are providing the financial needs of their families, children also require emotional support, guidance and quality time from their fathers.
“A lot of children are engaged in a lot of negative things just because of the absence of their fathers and it is about time we sit up.”
Bishop Quartey explained that fatherhood goes beyond meeting financial obligations and involves being physically and emotionally present in the lives of their children.
“Fathers serve as role models whose actions and decisions often influence the values and attitudes of their children” he disclosed.
He also elaborated that regular communication, participation in school activities and involvement in children’s daily life could significantly strengthen family bonds and contribute to the overall well –being of the children.
He added that though the modern day fathers are doing so well, we need to continue to change the narrative by putting in extra effort in the upbringing of our children.
“Being a father is a great joy and it is very necessary for fathers to be celebrated because they go through a lot,” he indicated.
Mr Quartey used the opportunity to encourage all fathers to continue doing their best and pray for their children as well.
By Linda Abrefi Wadie
A new cultural, trade, and diplomatic platform celebrating Ghana-Norway ties was launched on Saturday, June 13, at Palms by Eagles Hotel, Accra.
Dubbed the ‘Akwaaba Nsuo & Velkommen Fjord Durbar 2026’, the event draws on the symbolism of Ghana’s rivers, -Nsuo, and Norway’s fjords to highlight water as a shared cultural, economic, and environmental identity.
The three-day event is scheduled for July 31 – August 2, 2026 in Oslo, Norway. Activities will include a trade exhibition, durbar of chiefs, and B2B networking sessions.
Speaking at the launch, CEO of the Durbar, Kofi Mulan, said Ghana’s rivers like the Volta, Pra, and Ankobra have long sustained livelihoods through fishing, transport, and spirituality.
“Similarly, Norway’s fjords represent the cornerstone of its maritime heritage, global leadership in ocean industries, and environmental stewardship,” Mr Mulan added.
“These parallel relationships with water form the philosophical and thematic spine of the entire event. The Akwaaba Nsuo & Velkommen Fjord Durbar 2026 is therefore framed as a convergence of heritage and innovation,” he said.
Organisers say participants will benefit from Global visibility and cultural diplomacy in Europe, stronger ties with Norway, and increased market access for exports like fashion, crafts, agribusiness, and processed goods under AfCFTA frameworks on the Ghana side.
On the Norway side, they noted access to Norwegian expertise in maritime technology, aquaculture, and renewable energy, plus opportunities in fisheries, offshore energy, and sustainability projects.
The Durbar is positioned as a high-level exchange platform to deepen trade and diplomatic relations between Ghana and Norway.
By Edem Mensah-Tsotorme
