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    A petrol station worker fuels a car along Kimathi street on July 14 2019,after the Energy and Petroleum Regulatory Authority (EPRA) announced new retail pump prices of petroleum products effective from July 15 to August 14, 2019.price of super petrol increase by Sh0.29 per litre while diesel and kerosene decreased by Sh0.88 and SH2.31 per litre respectively.PHOTO|SILA KIPLAGAT

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    BoG Governor confident inflation has peaked; expects rate to start declining

    ActionAid Ghana Appoints John Nkaw as Country Director

    BoG’s inflation targeting framework can’t reduce rise in inflation – IEA

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    Banks will continue to innovate to meet customers’ expectations – FBNBank’s MD

    6th CEO’s Summit pushes for ease of doing business law to boost economic growth

    Policy rate likely to be increased to tame inflation – Databank CEO

    Banking Consultant bemoans continuous charging of unfair fees by banks

    Chamber of IPPs disappointed over ECG’s tariff increase request

    A comprehensive storage strategy will deal with post – harvest losses & inflation – CSIR

    A petrol station worker fuels a car along Kimathi street on July 14 2019,after the Energy and Petroleum Regulatory Authority (EPRA) announced new retail pump prices of petroleum products effective from July 15 to August 14, 2019.price of super petrol increase by Sh0.29 per litre while diesel and kerosene decreased by Sh0.88 and SH2.31 per litre respectively.PHOTO|SILA KIPLAGAT

    NPA allays fears of fuel scarcity in the country

    Fuel prices to rise marginally in second pricing window of May – IES

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    Ho Node Hub rebrands as Node Eight

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    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

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    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

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About 12,000 businesses have benefited from Nkosuo Fund – NBSSI

byEllen Dapaah
December 24, 2020
in Business, Top Stories
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The National Board for Small Scale Industries (NBSSI) has so far disbursed funds to about 12,000 businesses under the Nkosuo Fund.

According to its Executive Director, Kosi Yankey-Ayeh, the Board hopes to finish its disbursements by January 31, 2021.

The Nkosuo programme, which is a GHS90 million injection into the sector, was launched in September this year by the NBSSI to strengthen small businesses against the adverse effect of the coronavirus.

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The programme has a one-year moratorium and a two-year repayment period and focuses on supporting MSMEs and start-ups in sectors such as agriculture and manufacturing.

In an interaction with the media on the sidelines of the launch of a Business Support Organization directory for women entrepreneurs, Kosi Yankey-Ayeh pledged to keep supporting small businesses in the coming year.

“A lot of people thought that after elections we will stop but we have been giving out funding. It is still ongoing. We will continue to give out funding. We are trying as much as possible to make sure whatever resources we have are given to the beneficiaries under the Nkosuo fund.”

In addition, she said her outfit has “also started working with the bigger financial institutions to be able to give the bigger funding as well”.

 

 

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