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Nearly 5,000 MSMEs apply for COVID-19 business support fund
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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
Dome Kwabenya Member of Parliament (MP), Elikplim Akurugu, on Tuesday, July 28, 2026 toured ongoing road rehabilitation projects in the constituency to assess the progress of work.
The tour was undertaken with the Municipal Chief Executive (MCE) for Ga East, officials of the Ga East Municipal Assembly and engineers.
The team inspected ongoing works on the Grand Star Hotel-Nama Road at Musuku, the Ashongman Pure Water Road and road projects at Taifa.
Speaking after the inspection, Ms Akurugu said the visit was to monitor the projects after sod was cut a few months ago.
She said she was impressed with the progress made by the contractors, noting that some of the projects were about 80 per cent complete.
According to her, drainage and gutter construction had largely been completed, leaving the asphalt surfacing to be done.
“We are impressed with the work going on,” she said, while commending the contractors for the quality of work.
The MP, however, expressed concern over delays caused by utility service providers, particularly the Electricity Company of Ghana (ECG) and the Ghana Water Limited.
She explained that the relocation of electricity poles, transformers and water pipelines had delayed some aspects of the road works.
Ms Akurugu said the Ga East Municipal Assembly would engage the service providers to help speed up the projects.
She thanked residents for their patience during the construction period and assured them that the temporary inconvenience would soon give way to better roads.
The MP said she would continue to lobby for more road projects to improve movement within the constituency.
The Roads Engineer of the Ga East Municipal Assembly, Daniel Ochere, said the inspection formed part of the assembly’s routine monitoring of the projects.
He said the contractors were working according to schedule and were expected to complete the projects within the 18-month contract period.
By: Jacob Aggrey
Lauritz Knudsen Electrical and Automation, a unit of Schneider Electric, has deepened its investment in Ghana with a showcase of new low voltage switchgear, industrial and agricultural automation solutions.
The company with over 70 years of engineering experience, brought together partners, distributors and customers at Nova Plus in Accra to unveil its expanded portfolio tailored for the Ghanaian market.
The move comes as Ghana prioritises grid modernisation and industrialisation.
Power outages cost the economy an estimated $2.1 billion annually, about two per cent of Gross Domestic Product affecting real estate, agriculture, manufacturing and other sectors.
The Head of Strategy, Business Development, Pricing and LK MEA International Operations, Dallal Slimani said the company’s technology was built to suit Ghana’s environment.
“Our low voltage switchgear is engineered to keep critical operations running through exactly the kind of instability Ghanaian businesses deal with every day, whether that’s a mining camp running off-grid or a hospital that cannot afford a single second of downtime,” she said, adding that “We’re bringing technology refined through years of working alongside our partners here.”
According to her, Lauritz Knudsen solutions were critical across mining, oil and gas, manufacturing, healthcare, data centers, and real estate in hubs like Tema and Accra.
She said her outfit expected demand to grow as the Energy Commission rolled out regulations for EV charging infrastructure.
“With an existing distribution network in Ghana, Lauritz Knudsen plans to expand further into medium voltage switchgear, smart energy management, and solar,” Ms Slimani stated.
She said the company had supported over 50GW of solar capacity globally.
The Business Development Manager of Lauritz Knudsen in charge of West Africa, Valentine Mbachu, noted that unreliable power directly impacts productivity.
“A $2.1 billion annual loss isn’t an abstract figure, it’s downtime on factory floors, spoiled inventory, and stalled investment decisions. We’ve built strong partnerships in Ghana because this market has the industrial ambition to grow fast,” he said.
BY EDEM TSORTORME
