Tag: Coronavirus Alleviation Programme
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NBSSI urges MSMEs to take advantage of opportunities presented by COVID-19
Following the economic impact of the coronavirus pandemic on businesses, government has taken several steps to cushion businesses and individuals. Aside from large scale businesses, some stimulus packages have been set aside for Micro Small and Medium Enterprises (MSMEs) Apart from the GHS 1 Billion Coronavirus Alleviation Program (CAP), Business Support Scheme launched by President…
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Accra: COVID-19 induced restrictions slow down business for Printing firms
It is no longer a debate that several businesses in various sectors of the global economy have been affected by the COVID-19 pandemic. Restrictions on the movement of people and public gatherings have literally rendered some business activities ineffective, and printing firms are among them. A visit by Citi Business News shows that Accra New…
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Put measures in place to tax digital economy – Tax Analyst urges GRA
Tax Analyst, Dr. Abdallah Ali Nakyea, has suggested to the Ghana Revenue Authority (GRA), to put in place the necessary measures to tax digital business transactions going forward. He says this should enable the Authority to increase its revenue sources in order to meet or exceed revenue targets. The outbreak of the coronavirus pandemic has…
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COVID-19: Monetary support alone not enough for businesses – PEF CEO
The Chief Executive Officer of the Private Enterprise Federation (PEF), Nana Osei-Bonsu, says the interventions introruced by government for small and medium scale businesses affected by COVID-19 will not be enough. In a bid to cushion Ghana’s economy due to the impact of coronavirus, the government has among other things launched a GHs1 billion Coronavirus…
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NBSSI cautions against illegal charges for registration for GHS1bn SMEs loan
The National Board for Small Scale Industries, NBSSI, says the application process for government’s GHS1 billion Coronavirus Alleviation Programme Business Support Scheme, is absolutely free. The clarity comes on the back of reports that some applicants are being charged between 200 and 250 cedis by some persons to access the loan package announced by government…
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Applications for GHS1bn loan will be scrutinized, it’s not automatic – NBSSI
The National Board for Small Scale Industries (NBSSI), has explained that it is not automatic for businesses to receive the amounts they apply for from government’s GHS 1billion stimulus package allocated to Micro, Small and Medium Scale Enterprises (SME) affected by the novel Coronavirus pandemic. The agency says every request will be subjected to strict…
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Over 14,000 businesses apply for GHS1bn stimulus package for SMEs – NBSSI
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…
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Hundreds visit NBSSI offices in Bono to apply for GHS1bn SMEs stimulus package
It appears the interest in government’s stimulus package for small and medium scale enterprises affected by the COVID-19 pandemic, is quite huge considering that over 14,000 people have already signed onto it. On Friday for instance, hundreds of people thronged the offices of the National Board for Small Scale Industries, NBBSSI, in the Bono Region,…
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Ghana’s economy couldn’t withstand partial lockdown beyond 3-weeks – Ofori-Atta
Finance Minister, Ken Ofori-Atta, has admitted that it was impossible for government to have continued the partial lockdown imposed on Accra, Tema, Kasoa and Kumasi beyond the three weeks announced by President Akufo -Addo. According to him, the Ghanaian economy, which is largely informal, cannot sustain that decision beyond the three-weeks. President Akufo-Addo on March…
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NBSSI to receive applications for GHS600m stimulus package via online portal
The National Board for Small Scale Industries (NBSSI), says it will soon launch a portal that will allow Small and Medium Enterprises, SMEs, to apply for the government’s 600 million cedis stimulus package. As part of measures to mitigate the impact of COVID-19 on SMEs, the President set aside 600 million cedis to help small…