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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.
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
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.
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
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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Youth urged to take proactive stance on ozone depletion
•Mr Joseph Amankwah, first counting from, some officials from EPA and UNDP in group picture with the student
Mr Joseph Amankwah, the Director of Ozone Layer and Climate Change at the Environmental Protection Agency (EPA), has urged the youth to take a proactive stance on issues related to ozone depletion, emphasising that their future would be most affected by its consequences.
Speaking during a student engagement event at the Ghana Secondary School (GHANASS) in Koforidua, he highlighted the critical role young people played in tackling climate-related challenges.
Mr Amankwah explained that human activities, such as the use of certain chemicals, were significantly contributing to the depletion of the ozone layer and driving climate change.
He said it was important to educate the youth on these issues, encouraging them to share this knowledge with their families to foster a broader understanding and active participation in climate action.
He urged the education sector to integrate lessons on the ozone layer, the causes of its depletion, and its links to climate change into the curriculum.
The event, organised by the EPA in collaboration with the United Nations Development Programme (UNDP), was designed to foster environmental awareness and promote a sense of responsibility among young people.
Mr Amankwah noted that ozone layer depletion was affecting everyone, including children, as it alters weather patterns and threatens the natural environment.
He highlighted the need for young people to develop ‘green skills’ to adapt to the challenges of climate change and to understand ways to combat it.
He added that World Ozone Day, observed every September, would focus on youth engagement in environmental issues, to help them understand the long-term consequences of ozone depletion and climate change.
Mr Amankwah also discussed the harmful impact of chlorofluorocarbons (CFCs), a major chemical contributor to ozone depletion.
He explained that household appliances such as refrigerators and air conditioners were common sources of CFC emissions in Ghana.
Many uncertified technicians work on these appliances, often releasing harmful chemicals into the atmosphere due to improper handling, he noted.
To address this, he urged appliance repairers to obtain proper certification and training, emphasising that unqualified repairs not only harm the environment but also endangered public health.
From Ama Tekyiwaa Ampadu Agyeman,
Koforidua
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Small-scale miners schooled on health hazards of mining with mercury
Mr Lovelace Sarpong (right) addressing the participants
Some Artisanal and Small-Scale Miners in the Ashanti and Central regions have been sensitised on the potential health dangers humans are exposed to with the use of mercury in gold processing.
The sensitisation which was organised by PlanetGOLD Ghana project was to raise awareness about the negative impacts on the use of mercury in mining activities.
According to the PlanetGOLD Ghana Project Coordinator, Mr Lovelace Sarpong, the use of mercury in artisanal small-scale mining pose health challenges that affects the nervous, digestive and immune systems, lungs and kidneys; and may be fatal.
Some Metropolitan, Municipal, and District Assemblies (MMDAs) that benefited from the exercise were Amansie Central, Asante Akim North, Amansie South, Amansie West, Bekwai, and Adansi North in the Ashanti Region, and Upper Denkyira East (Dunkwa-on-Offin) and Upper Denkyira West (Diaso) in the Central Region.
Additionally, he said inorganic salts of mercury were corrosive to the skin, eyes and gastrointestinal tract, and may induce kidney toxicity if ingested.
He stated that the PlanetGOLD Project has conducted several initiatives to raise awareness on reducing mercury exposure among artisanal and small-scale gold mining actors in the country.
It was to promote mercury-free mining practices in line with Ghana’s obligations under the Minamata Convention on Mercury, support the formalisation of the ASGM sector while advocating the adoption of the CRAFT Code and responsible supply chains, and raise awareness on the availability of mercury-free alternatives.
The Environmental Protection Agency (EPA) Area Head for Konongo, Mr Dawood Abbas, underscored the importance of government’s environmental regulations and EPA’s role in ensuring compliance within the ASGM sector.
He encouraged miners to prioritise environmental stewardship to gain community trust and secure a Social License to Operate (SLO) and reaffirmed the Agency’s commitment to enforce its commitments under the Minamata Convention.
BY Cecilia Lagba Yada
