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President launches GH¢1bn COVID-19 support fund…for MSMEs affected by pandemic

President Nana Addo Dankwa Akufo-Addo has launched a GH¢1 billion COVID-19 Alleviation Business Support Programme to support Micro, Small and Medium Enterprises (MSMEs) affected by the coronavirus (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. 

Additionally, MSMEs which need expansion to meet the growing demand for COVID-19 related goods and services can also apply, President Akufo-Addo said at a ceremony to launch the scheme at the Jubilee House in Accra yesterday. 

He said from today to June 20, self employed, sole proprietorship, limited liability partnerships and joint venture businesses with more than 99 employees can begin the application processes for support.

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The President said business applicants must also belong to a trade association or group and be registered with the National Board for Small Scale Industries (NBSSI). 

To apply, applicants must visit the NBSSI website or visit any of the 170 business advisory offices throughout the country to pick application forms to begin the process, he said. 

President Akufo-Addo indicated that the business support programme is expected to help minimise job losses in the wake of the outbreak of the COVID-19 pandemic. 

Out of GH¢1.2 billion earmarked for the programme, he said GH¢600 will be disbursed as soft loans to MSMEs with one year moratorium and two years repayment. The rate of interest on the loans is three per cent

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Furthermore, the President said the selected participating banks will provide negotiated counterpart funding to the tune of GH¢ 400 million.

President Akufo-Addo said the scheme is expected to reach 180 beneficiaries across the country.

President Akufo-Addo was however optimistic that the Ghanaian economy will bounce back stronger than it was before COVID-19. 

He said his administration is committed to helping businesses to get on their feet again and contribute to the growth of the Ghanaian economy. 

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He pointed out that the government has secured a US$1 billion facility from the International Monetary Fund (IMF) to support the growth of the economy. 

Additionally, he said the Bank of Ghana has earmarked an amount of GH¢10 billion as investment commitment to support the economy to resist the adverse effects of the COVID-19.

President Akufo-Addo said aside the GH¢1billion facility for MSMEs, the government will make available a GH¢3 billion credit and stimulus package to help boost businesses.

He said the Finance Minister has been tasked to continue finding more resources to support as many businesses as possible to ensure that the country bounce back stronger post COVID-19

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The President noted that the pandemic has had a devastating impact of all economies around the world including the Ghanaian economy. 

In Ghana, he said the pandemic has reduced productivity, job losses, and affected the revenue of government, businesses and households. 

However, the President believes that the country’s economy will bounce back much stronger than it has ever been, post COVID-19.

BY YAW KYEI

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Cervical Cancer alert: Avoid sex at early age

Dr Commeh

 The Programmes Manager of Non-Communicable Diseases (NCDs) of the Ghana Health Ser­vice (GHS), Dr Mary Efua Commeh, has advised young girls to avoid sex at an early age.

This, she explained, will give the cervix the opportunity to mature be­fore they become sexually active.

“You need to delay what we call the first sexual intercourse as much as possible to give the cervix the oppor­tunity to mature before the person becomes sexually active,” she said.

Dr Commeh stated this in an in­terview with The Spectator in Accra on Tuesday as a part of the Cervical Cancer awareness month.

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According to her, cervical cancer was the second leading female cancer in Ghana with a total of about 3,072 cases annually, and out of that, 1,815 deaths are recorded, representing more than 50 per cent.

She indicated that “If young girls are going to be sexually active, then you need to talk to your parents about being vaccinated.”

She explained that vaccinating young girls against human papillomavi­rus (HPV) has been found to be a very effective way of preventing cervical cancer.

“There are countries that started HPV vaccination years ago and they are not seeing any cervical cancers now because they would have elim­inated most of the high-risk HPVs in their women. So if the high-risk HPV is not there, then obviously the results on cervical cancers are going to go down,” she added.

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Dr Commmey said the HPV vaccina­tion is recommended for young girls aged nine to 14 years, adding that it had been found to be highly effective, not just for cervical cancers but for other HPV-related cancers, such as anal cancers, cancers of the vagina, genital warts, amongst others.

She further elaborated that the idea is to put up a barrier before the HPV comes in and that once a young female encounters it, she is already protected.

She also mentioned that for cervical cancers, the main cause is called HPV infection, saying generally, all sexually active women acquire HPV at some point in their lives.

However, the Programmes Manager of NCDs at the GHS mentioned that the body has a way of clearing the HPV, explaining that it is a natural mechanism that goes on, unfortunate­ly, there are a few women whose HPV persists.

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Moreover, she noted that the num­bers for Cervical Cancer tend to be much higher because at times, clients would wait, and try all sorts of med­ications before they finally report to the health facility saying “we actually lose some women before they get to the hospitals with over 75 per cent of the cases coming in its third and fourth stages.”

Dr Commey, therefore, called for public awareness while ensuring the availability of information for preven­tion and control.

 By Jemima Esinam Kuatsinu

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Maxi Sway teams up with Kweku Darlington on ‘Efie Bayie’  

• Maxi Sway (L) with Kweku Darlington
• Diana Hamilton

 One of Ghana’s fastest-growing musicians, Maxi Sway known in private life as Alex Bonsu, has teamed up with music sensation, Kweku Darlington on ‘Efie Bayie’.

The song is off his new External Play (EP) dubbed, ‘Love and Life’ which is made up of five songs.

The EP written and performed by Maxi Sway, drew inspiration from real life situations.

According to Maxi Sway, ‘Efie Bayie’ was inspired by something unfortunate which happened in the life of his producer Ssnowbeatz.

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He revealed that “some years back as it was almost close to the B.E.C.E examinations, Ssnowbeatz fell sick and had to write the exams at the hospital with a few Security Personnel around.”

“Ssnowbeatz told me it was a very difficult time because he was out of school for a while and had no time to even revise or prepare for the exams. He failed the papers be­cause of his health and even didn’t go for the results,” he said.

According to him, after hearing the story of Ssnowbeatz, “It got me thinking and it inspired the song Efie Beyie.”

The video was directed and shot by Mista Morgan.

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The songs on the EP include, Me­ganja, Efie Bayie, Wayo Love, Come Closer and Seke.

The songs making waves were produced by Klassic Beatz and Ssnowbeatz.

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