Tag: NBSSI
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GUTA demands modalities for disbursement of GHS600m loan to SMEs
The Ghana Union of Traders’ Association (GUTA), has asked government to come out with its modalities for the disbursement of the GHS 600 million loan support scheme for small and medium scale enterprises, (SMEs). The Association says the nature of the operations of its members, their huge numbers and capital needs, require that they have…
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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…
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Economist urges Gov’t to announce modalities for accessing GHS600m SME loan on time
The National Board for Small Scale Industries, NBSSI, has been urged to quickly come out with modalities required for the disbursement of government’s stimulus package of 600 million cedis meant to support small businesses as the country fights the spread of COVID-19. Government announced that it has set aside 600 million cedis to help sustain…
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MasterCard Foundation, NBSSI to support SMEs with GHS90m to mitigate impact of COVID-19
As part of measures to assist micro, small and medium scale enterprises (MSMEs) affected by the COVID-19 pandemic, the MasterCard Foundation is set to announce a 90 million cedis fund with the National Board for Small Scale Industries, NBSSI. The emergency fund will be given to MSMEs to save them from collapse. Already, the government…
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NBSSI urges financial firms to empower SMEs before offerring credit
The Chief Executive Officer of the National Board for Small Scale Industries (NBSSI), Kosi Yankey Ayeh, has urged financial institutions that offer loans to Small and Medium Scale Enterprises, SMEs, to consider empowering them through skills development before offering them credit. She says this will provide a better guarantee for the capacity of the businesses…
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Stakeholders urged to support women in shea value chain production
Stakeholders in the value chain of shea production have been asked to provide the necessary support for women in the industry. While hundreds of rural women in Northern Ghana are engaged in the industry, their poverty levels have not improved because they earn very little from it despite the high commercial value of the commodity.…
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#CitiBizFestival: Banks, telcos partner to fund women entrepreneurs
Some players in the financial industry have called for collaboration between banks and mobile money operators even as banks seek to create access to funds for entrepreneurs. Entrepreneurs in Ghana have over the years lamented the difficulty they face in securing loans needed to start up and expand their businesses. According to the financial players…
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Govt to redirect NIB’s mandate to support industries
Government has announced plans to refocus the operations of the National Investment Bank (NIB) to offer financial assistance to small and medium scale businesses. Trade and Industry Minister, Alan Kyerematen explains this should also grow the businesses to boost Ghana’s industry and increase economic growth. The NIB, which is now considered as a universal bank,…