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    BoG, EOCO deepen collaboration to build robust financial sector

    Recent downgrades by S&P, Fitch ratings on Ghana unfair – African Peer Review Mechanism

    Private sector critical to renewable energy target – Sector Ministry

    Cedi Depreciation: Government urged to enforce laws on pricing in dollars

    Gov’t must invest more resources into agriculture sector – Agribusiness Chamber

    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

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    BoG, EOCO deepen collaboration to build robust financial sector

    Cedi Depreciation: Government urged to enforce laws on pricing in dollars

    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

    Coronation Insurance launches marine insurance e-portal for importers

    Bank of Ghana to widen its scope on cryptocurrency

    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

    GEXIM CEO is one of Ghana’s 100 most influential business leaders

    Zenith Bank Ghana wins premium quality West African banking brand of the year 2021

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    We’re ready to re-engage gov’t on acquisition of Vodafone shares – Telecel

    New deadline for SIM re-registration too short – MoMo agents association

    Extend SIM card re-registration exercise to January 2023 – MoMo agents

    Vodafone agrees sell stake in Ghana’s business to Telecel

    Telecoms Chamber and IIPGH advocate sustained coding education

    IIPGH to enter coding education partnership with Telecoms Chamber

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    Node 8, HTU hold first edition of Node X in Ho

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

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    African countries that could follow Sri Lanka into economic chaos

    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

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Over 14,000 businesses apply for GHS1bn stimulus package for SMEs – NBSSI

byNerteley Nettey
May 23, 2020
in Business, Local Economy, Top Stories
Executive Director of NBSSI, Esi Kosi Yankey-Ayeh.

Executive Director of NBSSI, Esi Kosi Yankey-Ayeh.

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The National Board for Small Scale Industries (NBSSI) says over fourteen thousand business owners have applied for government’s one billion stimulus package in less than a week.

According to NBBSI, majority of the applicants are within the agribusiness and education sectors.

This follows President Akufo-Addo’s launch of the GHC1 billion Coronavirus Alleviation Programme Business Support Scheme on Tuesday 19th May, 2020.

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The package is intended to cushion Micro, Small and Medium Scale Enterprises affected by the outbreak of COVID-19.

In an interview with Citi Business News, Executive Director of NBSSI, Esi Kosi Yankey-Ayeh, said the funds will be disbursed soon.

“As at the last time I checked, we have over 14000 applicants who have registered for the program, and are on the system. We have seen agriculture, agribusiness which is relatively high. We have also seen other services which is another sub-section and also private education. The President promised May. We launched in May and we will ensure that the funds go out. We have set timelines for ourselves and targets for our people to get the funds so that they can utilize it and maximize its impact,” she noted.

The outbreak of the novel Coronavirus which hit the country in March, severely affected many sectors of the economy.

As a result, several businesses and organizations have appealed for support from government to stay in business.

Akufo-Addo announces GHS1bn stimulus package for businesses

As part of measures to mitigate the economic impact of the pandemic in Ghana to sustain businesses, President Akufo-Addo in March announced that all households and small to medium scale enterprises are to benefit from a stimulus package of one billion Ghana cedis.

The initial amount for the the SMEs was pegged at GHS600 million, but has been increased to GHS1 billion following a commitment by some participating financial institutions.

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