News
Nearly 5,000 MSMEs apply for COVID-19 business support fund
The National Board for Small Scale Industries (NBSSI) has received close to 5,000 applications days after government launched the GH¢1 billion COVID-19 Alleviation Programme (CAP) business support scheme to cushion businesses negatively impacted by the coronavirus (COVID-19) pandemic.
Jointly funded by government and some commercial banks in the country, the scheme which is being managed by the National Board for Small Scale Industries (NBSSI) is expected to help micro, small and medium enterprises (MSMEs) back onto their feet.
The scheme, which has been grouped into two, namely Adom and Anidaso, will make available funds to smaller enterprises and larger companies respectively.
Speaking at a press briefing in Accra yesterday on government’s interventions against the disease, Executive Director of NBSSI, Esi Kosi Antwiwaa Yankey, said the applicants have been registered and were awaiting the next stage.
She noted that the interest rate was three per cent with a one-year payment moratorium and two to three years payment period.
As at yesterday, she said the Board has received more than 1000 calls from interested businesses on how to access the funds.
She indicated that all the announced platforms for access to the fund including online portal, USSD codes and dedicated office have been activated and could be used by all including persons with disabilities (PWDs).
To be able to provide opportunities for all to receive the financial support, Madam Yankey said the NBSSI has established a grievance centre to address issues and challenges faced by applicants.
“If you are experiencing any difficulty with regards to the application process, please contact the grievance centre and all your issues will be looked at. It is for all MSMEs and so we encourage all to participate to benefit financially,” she added.
To ensure efficient use of the funds, she said, the Board would monitor and train beneficiaries on book keeping skills to digitise their businesses and increase revenue potentials.
She stated that beneficiaries which fail to pay back the funds they receive would be blacklisted from accessing future support from government.
President Nana Addo Dankwa Akufo-Addo on Tuesday launched a GH¢1 billion COVID-19 Alleviation Business Support Programme to support MSMEs affected by the COVID-19 pandemic.
The amount is expected to support businesses in areas such as agriculture and agribusiness, manufacturing, tourism and hospitality, education, food and beverages, technology, transportation, commerce, healthcare and pharmaceuticals, and textile and garments.
According to President Akufo-Addo, the business support programme, which is expected to reach 180,000 beneficiaries across the country, will help minimise job losses in the wake of the outbreak of the COVID-19 pandemic.
BY CLAUDE NYARKO ADAMS
News
Enoch Boateng to host spirit-filled worship experience
All roads lead to the Word Arena Chapel International, as Enoch Boateng Ministries lead worshippers to the throne room tomorrow at Dansoman in Accra.
Dubbed ‘Let Judah Rise,’ it aims to uplift the spirit of attendees, ignite faith and create an atmosphere of deep worship.
In an interview with The Spectator Agoro, the UK-based artiste who doubles as a pastor said the first edition which was held in Oda in the Eastern Region was super and promises attendees that this year’s edition would be mind-blowing and full of miracles.
He stated that special guests ministering in songs include Joshua Ahenkorah, the soulful Efe Grace, and Benny Brooks.
Pastor Enoch Boateng has since extended invitation to everyone to come and experience God’s presence in a unique way.
By Linda Abrefi Wadie
News
Fusing politics with fashion
Ghanaians, especially die-hard sympathisers of the National Democratic Congress (NDC) trooped to the Black Stars Square to be part of history.
The occasion was the historical return of Mr John Dramani Mahama as president of Ghana and Prof. Naana Jane Opoku-Agyemang as vice president.
President Mahama was coming to the office of the president for the second time while Prof. Opoku- Agyemang was sworn-in as the first female Vice President.
The party sympathisers marked the occasion in style, appearing in fashionable dresses designed with party paraphernalia.
To make the electoral feat remarkable, they appeared in special shirts, jerseys, cloths in party colours, not leaving out the vuvuzelas.
Boldly inscribed in these attires were symbols of the NDC and Ghana.
The event also brought to the fore the typical Ghanaian hospitality, entertaining a couple of guests that came to witness the event
By Victor A. Buxton
