Loan application portal for GHC600million stimulus package to be launched soon Featured

Executive Director of the National Board for Small Scale Industries (NBSSI), Kosi Yankey-Ayeh Executive Director of the National Board for Small Scale Industries (NBSSI), Kosi Yankey-Ayeh

A portal for accessing the GHC600 million soft loan facility meant to support small and medium scale enterprises (SMEs) across the country will be launched for application processes to begin soon, the Executive Director of the National Board for Small Scale Industries (NBSSI), Kosi Yankey-Ayeh, has said.

This is to ensure a coordinated, efficient, transparent and successful programme. 

Speaking at a press briefing yesterday, Mrs Yankey-Ayeh said businesses which will be interested in benefitting from the soft loans would have to apply through a technological portal, which is yet to be launched. She disclosed that independent consultants are currently running stress-test “to ensure that all implementation challenges are minimised and tested.”

In addition, the NBSSI boss said other small businesses who would not be privy to technological innovations have also been considered in designing the portal.

Mrs Yankey-Ayeh allayed fears of discrimination in respect of who can access funds available through the soft loan scheme.

Business categories

She explained the three main categories of businesses which will be targeted for support, adding that based on her outfit’s analysis the funds will be disbursed to fully represent the entire sector.

“Also, looking at the statistics of the micro, small and medium enterprises, there are three categories we’re looking at: the micro, which makes up about 80 per cent of the population, in terms of the sector; for the small, we have about 15 per cent; and the medium enterprises, we have about one per cent of the sector. So, the CAP Business Support Scheme is expected to reach over 200,000 MSMEs in total,” she said.

Locked up funds

Meanwhile, at the same event, the Minister of Information, Kojo Oppong Nkrumah, said legitimate claims made to depositors of savings & loans and micro credit institutions, whose funds were locked up due to the financial sector clean-up, stands at GHC5.06 billion.

 According to him, GHC2.11 billion in cash has so far been paid to depositors, while about GHC2.95 billion in zero-rated coupon bonds, known as debt instruments, has also been paid.

 The Information Minister said depositors are therefore expected to receive payments after validation of claims by the end of May, 2020.

“They want to conclude the final second level validation of GHC340 million and make payment accordingly. They expect that by the end of May they should be done with that one. There are some organisations whose books and records still have challenges, and they are processing those for some investigations. And finally, they will issue a report to the Bank of Ghana on the depositor payment,” Mr Oppong Nkrumah explained.

Rate this item
(0 votes)


  • mt4 indicator 2020|best non repainting mt4 indicator|best scalping mt4 indicator in 2020}
    Comment Link mt4 indicator 2020|best non repainting mt4 indicator|best scalping mt4 indicator in 2020} Wednesday, 03 June 2020 17:27

    This is a topic that is close to my heart... Take care! Where are your contact details though?|

  • shrooms for sale
    Comment Link shrooms for sale Wednesday, 03 June 2020 08:24

    Excellent post. I'm experiencing a few of these issues as well..|

  • Pornlive
    Comment Link Pornlive Wednesday, 03 June 2020 02:57

    I really love your site.. Excellent colors & theme. Did you build this web site yourself? Please reply back as I'm looking to create my own personal site and would love to know where you got this from or what the theme is called. Many thanks!|

  • predicts Trump wins huge in 2020
    Comment Link predicts Trump wins huge in 2020 Tuesday, 02 June 2020 13:04

    Heya i am for the primary time here. I came across this board and I to find It really useful & it helped me out a lot. I am hoping to give something again and aid others like you helped me.|

  • Did the DNC commit espionage in 2016?
    Comment Link Did the DNC commit espionage in 2016? Tuesday, 02 June 2020 08:54

    Hello There. I discovered your weblog the usage of msn. That is a really smartly written article. I'll make sure to bookmark it and return to learn extra of your helpful information. Thanks for the post. I will certainly comeback.|

  • ui ux design agency
    Comment Link ui ux design agency Sunday, 31 May 2020 13:55

    What you composed made a bunch of sense. However, think on this, suppose you added a little content? I ain't suggesting your information isn't good, however suppose you added a title that grabbed a person's attention? I mean BLOG_TITLE is a little boring. You should glance at Yahoo's front page and see how they create post headlines to grab people to click. You might add a video or a pic or two to grab readers interested about what you've got to say. In my opinion, it could bring your blog a little livelier.|

  • great chest workouts no weights
    Comment Link great chest workouts no weights Saturday, 30 May 2020 14:18

    Thanks for sharing your thoughts about meta_keyword. Regards|

  • learn more here
    Comment Link learn more here Friday, 29 May 2020 10:21

    My brother suggested I might like this website. He used to be totally right. This post actually made my day. You can not consider simply how so much time I had spent for this info! Thanks!|

  • click here for more
    Comment Link click here for more Friday, 29 May 2020 05:42

    Hello to all, for the reason that I am genuinely eager of reading this web site's post to be updated on a regular basis. It consists of nice information.|

  • Viagra
    Comment Link Viagra Thursday, 28 May 2020 11:37

    Remarkable! Its in fact amazing paragraph, I have got much clear idea about from this paragraph.|


Leave a comment

Latest Tweets

NPP CONDEMNS POLICE ATTACK ON LAW STUDENT PROTESTERS: The New Patriotic Party yesterday condemn...
Follow The New Statesman on Twitter