News
Application for CAP is free – NBSSI
Applicants of the Coronavirus Alleviation Programme (CAP) business support have been asked to be cautious of persons who offer to register them on the scheme at a fee.
The National Board for Small Scale Industries (NBSSI), the fund manager, said although the registration for the CAP was free, some unscrupulous individuals were charging applicants before registering them on the scheme.
A statement issued by the board in Accra said some unsuspecting applicants had fallen victim to fraudsters who were charging registration and application fees.
“The initial registration/application is totally free. However, an administrative or processing fee is deducted only when funds have been approved and credited to the applicant’s account,” the NBSSI said.
The GH₵1 billion CAP, launched by President Nana Addo Dankwa Akufo- Addo on Tuesday, May 19, 2020, is aimed at aiding Micro, Small and Medium Enterprises (MSMEs) to survive the impact of the pandemic on their operations.
The statement said the facility came with an annual interest rate of three per cent, a one-year moratorium and a repayment term of between two and three years and administered to eligible businesses through some financial institutions and telecommunication companies.
“It is a life saver not just for the beneficiaries but for the nation as a whole. It is unprecedented in Ghana’s history, as it accounts for about 0.15 per cent of Gross Domestic Product (GDP) and 1.22 per cent of the projected tax revenue for 2020, oxygen for a nation gasping for breath from a Coronavirus pandemic that has hit the world hard and brought global economies to a standstill,” it said.
It noted that with MSMEs accounting for 92 per cent of businesses and contributing to about 70 per cent of GDP, the effort to support them was justified because, “MSMEs are the pulse of the Ghanaian economy. It is these businesses that keep the lights on in Ghana.”
“The fund is a breath of fresh air and a resurgence of hope in an uncertain time. It is the panacea this nation so desperately needs to sail through these tumultuous times,” the statement said.
The NBSSI said it had a proven track record in implementing similar interventions and had in the last three years, chalked many significant milestones such as the training of 65,000 youths and supporting several entrepreneurs.
“The hope is that this fund will benefit as many eligible businesses as possible, to ensure their survival, as well as that of households that depended on such businesses. There is no doubt that this relief programme is timely and most welcome,” it said.
BY JONATHAN DONKOR
News
GBBA treasurer, Aurora Commodore-Toppar eyes GOC Assistant Treasure slot at Elective Congress on Saturday
The treasurer of the Ghana Basketball Association(GBBA), Madam Aurora Commodore-Toppar, has set her sights on becoming the next assistant treasurer of the Ghana Olympic Committee (GOC) at the upcoming Elective Congress on Saturday.
The daughter of the former Chief Executive Officer of Accra Hearts of Oak, Mr. Emmanuel Martey Commodore-Mensah, will be vying for the position against Bernard Quartey of the Ghana Boxing Federation and Edward Patrick Nii Lante Banerman of the Handball Association of Ghana.
Having had her nomination approved by the GOC’s Electoral Commission, the well-seasoned banker, with over 15 years of rich working experience, believes she is well-suited and positioned to help structure the finances of this esteemed organisation.
In a chat with Spectator Sports, the captain of the bronze-winning 2024 University of Ghana basketball team at the 11th African University Games in Zaire, Nigeria, revealed her commitment to effective and accurate financial management, growth, and development of all associated sports federations.
She said, “I am committed to the growth of the GOC, and I want to offer my financial knowledge to aid in ensuring that the GOC operates with the highest standards of financial governance and set-up.”
According to her, the mission is to help promote the GOC’s agenda widely, and having served for over two decades in sports—especially basketball—in various capacities and roles, she believes this experience will help protect the GOC’s finances.
“If elected as assistant treasurer, I will do my utmost, together with the treasurer, to manage the GOC’s finances, including accounting and financial reporting among others,” she added.
According to her, “Accurate financial record-keeping has been a problem across the board; I will help eradicate this issue.”
Aurora Commodore-Toppar stands for transparency, hard work, and an inclusive work culture, she further added.
The former Aburi Girls’ Secondary School basketball team captain has played pivotal roles in improving sports in the country—especially basketball—including being a member of the Local Organizing Committee (LOC) for the 2023 Africa Games, an LOC member for the recently concluded Hoop Rave SHS competition, a project lead for FIBA’s “Her World, Her Rules” initiative, chair for the 2024 Fetu Afahye Basketball Tournament, and founder of the Stomp De Yard Basketball Tournament, among others.
BY RAYMOND ACKUMEY
News
113 Cardinals hold 3rd General Congregation in Rome
The 113 Cardinals present in Rome held the third General Congregation on Thursday morning, and announced who will deliver the two pre-conclave meditations.
The Cardinals decided that Cardinal Víctor Manuel Fernández will celebrate the Mass on the sixth day of the Novemdiales, instead of Cardinal Kevin Farrell.
They agreed that Fr. Donato Ogliari, O.S.B., Abbot of St. Paul Outside the Walls, will deliver the first meditation on Monday, and that Cardinal Raniero Cantalamessa, Preacher Emeritus of the Papal Household, will deliver the second meditation at the beginning of the conclave, whose starting date has not yet been decided.
The Cardinals began a conversation about the Church and the world, deciding to hold the next General Congregation on Friday morning at 9:00 AM.
The Director of the Holy See Press Office, Matteo Bruni, told journalists that 61,000 people have paid their respects to the late Pope Francis as of 1:00 PM on Thursday, adding that St. Peter’s Basilica should close at midnight on Thursday, unless large crowds are still queuing to enter.
Following the Pope’s funeral on Saturday, April 26, a Rosary will be held in front of the Basilica of St. Mary Major on Saturday at 9:00 PM.
Mr. Bruni said the burial service for Pope Francis will take place in private.
Starting the morning of Sunday, April 27, the faithful may begin to visit the tomb of Pope Francis at the Marian Basilica.
