Tag: Stimulus package
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Build capacity for local rice production to avoid shortage amid COVID-19 – Rice farmer urges Gov’t
Ghana risks a shortage of some agric produce particularly rice by the latter part of this year and into 2021, if government fails to build the capacity of players in the local rice value chain to boost production. That’s according to the Executive Director of Western Deedew Group Limited, a local rice production company in…
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COVID-19 social interventions should have been targeted to make impact and reduce cost – Ken Thompson
The Chief Executive Officer of Dalex Finance, Ken Thompson, says government’s social intervention programmes aimed at bringing some relief to Ghanaians in the fight against COVID-19 would have made much impact if it was targeted at the poor. According to him, some Ghanaians do not need their utility bills to be subsidized since they’re better…
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GUTA leadership demands to play a role in disbursement of GHS600m SMEs loan
The Ghana Union of Traders’ Association (GUTA), has petitioned government asking that its leadership is selected to be part of the Committee that will manage the disbursement of the GHS600 million loan support scheme for small and medium scale enterprises, (SMEs). According to them, this will ensure that funds are distributed in a fair and…
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AGI commends Gov’t on GHS600m SMEs loan package
The Association of Ghana Industries (AGI), says it is yet to meet government to request for modalities that will be used to advance the 600 million soft loan scheme for small to medium scale enterprises, SMEs. This follows President Akufo-Addo’s announcement on Sunday April 7, 2020, during a nationwide address to Ghanaians on additional measures…
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COVID-19: Akufo-Addo announces GHS600m soft loan scheme for SMEs
Government is set to roll out a soft loan scheme of up to six hundred million Ghana cedis for small to medium scale enterprises following the economic impact of the novel coronavirus, President Nana Akufo-Addo has announced. Addressing Ghanaians in a nationwide broadcast on Sunday [April 5, 2020] on further measures to mitigate the spread…
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ADB to support agribusinesses and farmers to mitigate COVID-19 impact
The Managing Director of ADB, Dr. John Kofi Mensah, has announced that the bank will by the end of this week announce a support package for agribusinesses and farmers in the country due to the impact of the COVID-19 pandemic. He says players in the agriculture sector are a critical component of the bank’s operations,…
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COVID-19: Akufo-Addo announces GHS1bn stimulus package for businesses
As part of measures to mitigate the economic impact of the coronavirus pandemic in Ghana to sustain businesses, President Akufo-Addo has announced that all households and small to medium scale enterprises are to benefit from a stimulus package of one billion Ghana cedis. According to him, this is part of the creation of a Coronavirus…
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Ghana Federation of Labour demands swift release of stimulus package to protect workers
The Deputy Secretary General of the Ghana Federation of Labour, Kenneth Koomson, has asked government to expedite plans to provide a stimulus package to support ailing companies due to the COVID-19 spread. The rise in the number of confirmed cases in Ghana over the last fifteen days is 137. This has led to a number…
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Tourism industry players hopeful of stimulus package after GTA’s economic impact assessment
Operators in the country’s tourism and hospitality sector say they are expecting an intervention by government when the regulator, the Ghana Tourism Authority, completes an economic impact assessment of the COVID-19 on their operations. The coronavirus has not only slowed economic activities due to restricted movements, but has also led to some redundancies across sectors…
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Chamber for Tourism Industry seeks tax cuts to mitigate impact of COVID-19
In order to avoid or mitigate the impact of a possible recession as the novel Coronavirus continues to spread, operators in Ghana’s tourism and hospitality industry in Ghana are calling on government to urgently consider some financial support for the sector. According to them, this will aid in solidifying the gains made from the Year…