Tag: NBSSI
-
About 12,000 businesses have benefited from Nkosuo Fund – NBSSI
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…
-
MASLOC begins disbursement of interest-free loans to Odawna fire victims
Just two days after the Microfinance and Small Loans Centre (MASLOC) announced the disbursement of a GHS2 million interest-free loan to support the victims of the Odawna market fire, the Centre has begun the distribution of the monies. With each person receiving GHS2,000 each, MASLOC has pledged to distribute the money to about 1,000 people…
-
Transformation of NBSSI into Agency necessitated by growing needs of MSMEs – Executive Director
The Ghana Enterprises Agency Bill, when assented to by the President to become law, will not only convert the current National Board for Small Scale Industries (NBSSI) into an agency but will also give it the mandate to create a fund with the aim of addressing the financial needs of entrepreneurs in the country. This…
-
NBSSI converted to Agency after passage of Ghana Enterprises Agency Bill
Parliament has approved the Ghana Enterprises Agency Bill under a certificate of urgency. The House, last week, determined that the Bill be passed under a certificate of urgency due to its importance. The Ghana Enterprises Agency Bill will convert the National Board for Scale for Small Industries (NBSSI) into an agency to oversee, coordinate, promote…
-
NBSSI launches 2020 Ghana Women Entrepreneurship Summit
The Ministry of Trade and Industry says as part of plans to move women entrepreneurs from the micro to larger-scale businesses, it will focus on making funds meant to grow businesses accessible to them. Deputy Minister for Trade and Industry, Robert Ahomka Lindsay said this at the launch of the 2020 Ghana Women Entrepreneurship Summit,…
-
Our members didn’t file multiple applications for COVID-19 stimulus package – Hotels Association
The Ghana Hotels Association has rejected claims that its members submitted multiple applications for government’s COVID-19 stimulus package for businesses. Chief Executive Officer of the National Board for Small Scale Industries (NBSSI), Mrs. Kosi Yankey-Ayeh, had recently indicated that some hoteliers were submitting family names under the same business to access the fund in a…
-
NBSSI & Mastercard Foundation launch Nkosuo Loan to aid MSMEs
The Ministry of Trade and Industry has charged the National board for Small Scale Industry (NBSSI) to be objective in disbursing the Nkosuo soft loan. Deputy Trade and Industry Minister Robert Akomka-Lindsay said this at the Launch of the Nkosuo loan program, a partnership between the NBSSI and the Mastercard Foundation COVID-19 Recovery and Resilience…
-
NBSSI, MasterCard Foundation to disburse GHS90m to MSMEs
Businesses seeking to access support from the NBSSI MasterCard Foundation Recovery and Resilience Program for Micro, Small and Medium Enterprises, will be able to secure the funds after its launch on Wednesday, 12th August, 2020. MasterCard Foundation, in partnership with the National Board for Small Scale Industries, an agency under Ghana’s Ministry of Trade and…
-
Mid-Year budget: Hoteliers demand modalities on gov’t interventions amid COVID-19
Players in the hospitality industry say they expect the Finance Minister, Ken Ofori-Atta to provide clear modalities on how government intends to help their businesses bounce back in the upcoming Mid-Year budget review following the negative impact of COVID-19. At a meeting with President Akufo-Addo, the hospitality industry made up of different associations explained that…
-
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…