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President launches GH¢600m COVID-19 Alleviation Programme today
President Nana Addo Dankwa Akufo-Addo will today launch a GH¢600 million Coronavirus Alleviation Programme (CAP) business support scheme intended to support small and medium-scale enterprises (SMEs) impacted by the novel coronavirus (COVID-19).
The fund is intended to provide relief to SMEs across the country that has been negatively affected by the disease.
In his fifth televised address to the nation, the President announced that government has partnered with the private sector to introduce a scheme in support of SMEs which were facing challenges owing to COVID-19.
“Government, in collaboration with the National Board for Small Scale Industries (NBSSI), Business & Trade Associations and selected Commercial and Rural Banks, will roll out a soft loan scheme up to a total of GH¢600 million, which will have a one-year moratorium and two-year repayment period for micro, small and medium scale businesses,” he stated.
Executive Director of NBSSI, Esi Kosi Antwiwaa Yankey, earlier stated that the Board has developed an online portal to enable SMEs across the country access the GH¢600 million stimulus packages for businesses.
She said the portal was to ensure transparency and efficiency in disbursement of the package to applicants.
Speaking at a press briefing in Accra, she explained that the board was in discussions with concerned stakeholders to come up with eligibility criteria to ensure that viable businesses which were in need were supported.
She stated that more than 200,000 businesses would be supported under the coronavirus (COVID-19) stimulus package for SMEs adding that the NBSSI was further engaging traders and business owners to sensitise them on the package and how they could access it.
Applications from businesses, Madam Yankey, noted, would be processed through the portal, which was yet to be launched.
The Executive Director is expected to announce modalities for disbursement of the Scheme, and invited SMEs who require technical support, and not just financial support to reach out as well to the board.
Several platforms including nbssi.gov.gh/capsupport; mobile number platform (USSD) *718*555#; Call Centre Helpline: 030 274 7777, email address capsupport@nbssi.gov.gh have been made available to ensure access.
The SMEs sector, according to the University of Ghana study in 2015, contribute about 70 per cent to Ghana’s Gross Domestic Product (GDP), and account for about 92 per cent of businesses in the country.
BY CLAUDE NYARKO ADAMS
Photos from the High-Level Event on Reparatory Justice for the trafficking of enslaved Africans and the racialised chattel enslavement of African people, convened at the United Nations Headquarters, New York.
Delivering a powerful address, President John Dramani Mahama underscored the moral urgency of confronting historical injustices and advancing a global commitment to reparatory justice.
“The entire transatlantic slave trade was designed to deny African people their humanity,” the President stated.
Highlighting the significance of ongoing international efforts, he added:“This resolution allows us, as a global community, to collectively bear witness to the plight of the 18 million men, women, and children whose homes, communities, names, families, hopes, dreams, futures, and lives were stolen from them over the course of four centuries.”
In reaffirming the enduring truth of justice, President Mahama noted:
“Just because everybody is doing something doesn’t make it right. Slavery is wrong now, and it was wrong then. For as long as Africans have been trafficked and enslaved, there have been abolitionists who have spoken up against it.”
He further called for a deeper reflection on identity and dignity:
“We must also remember to reclaim our own humanity… when we absorb too much of the language of violence and erasure, our minds become enslaved.”
A member of the New Patriotic Party (NPP), Beatrice Siaw, has expressed mixed views about Ghana’s current leadership, saying she admires President John Dramani Mahama but is not fully satisfied with how the country is being governed.
Speaking in an interview on Metro TV on Tuesday, she said although she belongs to the NPP, she finds it difficult to criticise the President personally.
“I admire President Mahama, so it’s hard to speak against him. But I do love my party. I am impressed with the President, not necessarily impressed with how things are going” she said.
She acknowledged that the NDC has made efforts in managing the economy and improving some key indicators. She noted that the party appears determined to prove critics wrong after previously being voted out of office.
“They are trying to do a lot of things that Ghanaians thought they couldn’t do when they were in power,” she said.
However, she was quick to add that these efforts may not necessarily translate into electoral success in the next election cycle.
When asked whether the NDC’s performance could pose a strong challenge in 2028, she said she does not believe so, although she admitted there have been some improvements in certain areas.
“In some aspects, yes,” she said when asked if she had been impressed by the government’s performance.
By: Jacob Aggrey
