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President launches GH¢1bn COVID-19 support fund…for MSMEs affected by pandemic
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President Nana Addo Dankwa Akufo-Addo has launched a GH¢1 billion COVID-19 Alleviation Business Support Programme to support Micro, Small and Medium Enterprises (MSMEs) affected by the coronavirus (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.
Additionally, MSMEs which need expansion to meet the growing demand for COVID-19 related goods and services can also apply, President Akufo-Addo said at a ceremony to launch the scheme at the Jubilee House in Accra yesterday.
He said from today to June 20, self employed, sole proprietorship, limited liability partnerships and joint venture businesses with more than 99 employees can begin the application processes for support.
The President said business applicants must also belong to a trade association or group and be registered with the National Board for Small Scale Industries (NBSSI).
To apply, applicants must visit the NBSSI website or visit any of the 170 business advisory offices throughout the country to pick application forms to begin the process, he said.
President Akufo-Addo indicated that the business support programme is expected to help minimise job losses in the wake of the outbreak of the COVID-19 pandemic.
Out of GH¢1.2 billion earmarked for the programme, he said GH¢600 will be disbursed as soft loans to MSMEs with one year moratorium and two years repayment. The rate of interest on the loans is three per cent
Furthermore, the President said the selected participating banks will provide negotiated counterpart funding to the tune of GH¢ 400 million.
President Akufo-Addo said the scheme is expected to reach 180 beneficiaries across the country.
President Akufo-Addo was however optimistic that the Ghanaian economy will bounce back stronger than it was before COVID-19.
He said his administration is committed to helping businesses to get on their feet again and contribute to the growth of the Ghanaian economy.
He pointed out that the government has secured a US$1 billion facility from the International Monetary Fund (IMF) to support the growth of the economy.
Additionally, he said the Bank of Ghana has earmarked an amount of GH¢10 billion as investment commitment to support the economy to resist the adverse effects of the COVID-19.
President Akufo-Addo said aside the GH¢1billion facility for MSMEs, the government will make available a GH¢3 billion credit and stimulus package to help boost businesses.
He said the Finance Minister has been tasked to continue finding more resources to support as many businesses as possible to ensure that the country bounce back stronger post COVID-19
The President noted that the pandemic has had a devastating impact of all economies around the world including the Ghanaian economy.
In Ghana, he said the pandemic has reduced productivity, job losses, and affected the revenue of government, businesses and households.
However, the President believes that the country’s economy will bounce back much stronger than it has ever been, post COVID-19.
BY YAW KYEI
African leaders have been urged to strengthen political commitment and domestic investment to end preventable maternal deaths and AIDS by 2030.
The call comes as African health ministers and policymakers meet in Accra to deliberate on health financing, health security and universal health coverage across the continent.
Mr Edouard Bizimana, Burundi’s Minister of Foreign Affairs, Regional Integration and Development Cooperation, made the call on Tuesday at the opening of the African Union’s (AU) 25th Extraordinary Summit on Health in Accra.
He said Africa needed increased domestic investment to build resilient health systems as it continued to grapple with infectious diseases and the growing burden of non-communicable diseases (NCDs).
Mr Bizimana, who is also Chairperson of the AU Executive Council, said although Africa accounted for nearly 17 per cent of the world’s population, it bore 24 per cent of the global disease burden while having less than three per cent of the global health workforce and only one per cent of global health expenditure.
“Despite maternal mortality declining by nearly 40 per cent since 2000, Africa still accounts for about 70 per cent of maternal deaths globally, while almost two-thirds of people living with HIV reside on the continent,” he said.
Mr Bizimana said the growing burden of NCDs was placing additional pressure on already stretched health systems.
“These figures are not merely statistics. They represent painful human realities, preventable losses and unacceptable inequalities, they remind us that health is not an expense it is a strategic investment and a prerequisite for our sovereignty and development. “he said.
Mr Bizimana said recent global health emergencies had exposed Africa’s vulnerability and underscored the need to expand local production of medicines and vaccines, strengthen the health workforce and improve emergency preparedness.
“Our citizens expect resilient health systems where every mother can give birth safely, every child has access to essential healthcare and every African enjoys quality health services regardless of where they live,” he said.
The two-day summit, being held ahead of the 20th Extraordinary Session of the AU Assembly of Heads of State and Government, has brought together health ministers, policymakers and health stakeholders to identify solutions to Africa’s health financing and security challenges.
Madam Florence Samizi, Tanzania’s Deputy Health Minister, called for stronger collaboration among AU Member States to accelerate progress towards universal health coverage.
The summit is being held on the theme: “Advancing Justice, Equality and Universal Health Coverage: Ending AIDS, Tuberculosis, Improving Maternal Health, Addressing Endemic Non-Communicable and Neglected Tropical Diseases in Africa.”
The meeting is expected to adopt the Accra Declaration, a roadmap to strengthen Africa’s health systems and advance health sovereignty by 2030. -GNA
Senior Lecturer at the University of Ghana’s Department of Political Science, Dr. Joshua Jebuntie Zaato says the imprisonment of the Ashanti Regional Chairman of the New Patriotic Party (NPP), Bernard Antwi Boasiako, popularly known as Chairman Wontumi, will have little meaning unless it leads to a broader crackdown on illegal mining.
In a post on his Facebook page on the July 21, 2026, Dr. Zaato said the judgment should mark the beginning of efforts to completely eradicate galamsey and hold all those involved accountable, regardless of their political affiliation.
He said the country must work towards restoring polluted rivers, protecting forests and ensuring that people implicated in illegal mining activities are prosecuted.
According to him, those the President has publicly acknowledged to be involved in galamsey should face prosecution.
He called for the prosecution of district chief executives (DCEs), members of Parliament (MPs) and senior political party officials who have been accused of engaging in or supporting illegal mining.
Dr. Zaato further urged the government to take decisive action to end the destruction of the country’s forests caused by galamsey.
He maintained that the imprisonment of Chairman Wontumi would only have a lasting impact if it results in a comprehensive and impartial fight against illegal mining across the country.
By: Jacob Aggrey
