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GH¢600m COVID-19 Stimulus Package Deal Not Meant For Enterprise Expansion- NBSSI Boss Tells Candidates

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The Government Director of the Nationwide Board for Small Scale Industries (NBSSI), Mrs. Kosi Yankey-Ayeh, says the disbursement of the GH¢600 million to Small and Medium Scale Enterprises isn’t meant for enterprise enlargement.

In response to her, the GH¢600 million Coronavirus Alleviation Programme (CAP) stimulus package deal is supposed to cushion companies who’ve been negatively affected by the impression of the coronavirus illness (COVID-19) within the nation.

“The emergency stimulus package deal is supposed to maintain companies, not for enterprise enlargement,” Mrs. Yankey-Ayeh instructed of Adom FM’s flagship political discuss present, Burning Difficulties, hosted by Akua Boakyewaa Yiadom.

The federal government’s stimulus package deal is aimed toward supporting companies negatively affected by the pandemic,” she stated.

She stated beneficiary sectors that might be inspired to enter the CAP help embody tourism and hospitality, healthcare and pharmaceutical, manufacturing, water and sanitation, schooling, textiles and clothes, and commerce or commerce amongst others negatively affected by the pandemic within the nation.

The NBSSI Government Director additional cautioned purposes that can profit from the scheme to pay back the monies because the gentle loans are usually not freed from cost for companies.

Mrs. Ankey-Ayeh added that the NBSSI will monitor carefully the actions of profitable SMEs that can profit from the scheme.

She revealed that gentle loans shall be given out to the certified and profitable candidates by banks throughout the nation.

The NBSSI boss stated purposes to entry the COVID-19 stimulus package deal is freed from cost and cautioned candidates to not pay any cash to people who fake to be center males.

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Mrs. Yankey-Ayeh, subsequently, urged enterprise homeowners to train affected persons with the federal government as all certified candidates will profit from the scheme.