Mrs Kosi Yankey-Ayeh, the Executive Director of the National Board for Small Scale Industries (NBSSI), who announced this at a media briefing at the Ministry of Information, on Thursday, said steps were being taken to operationalise the scheme soon.
She said about 80 per cent of the businesses are in the micro category.
President Nana Addo Akufo-Addo committed GHC 600 million as a stimulus package to support the hardest hit Ghanaian businesses in the category of Micro, Small and Medium Enterprises in both the formal and informal sectors.
The MSMEs make up about 70 percent of the Ghanaian economy.
Mrs Yankey-Ayeh said the NBSSI had over the past few weeks had deep and extensive engagements with multiple stakeholders, including financial institutions, associations, trade groups, service providers, and consultants to ensure that they were all aligned with the products that the business scheme would roll out to achieve a common goal.
“We have been supported by our Board and the Ministry of Finance and their team to ensure that we work assiduously to implement the project to all qualifying entities,” she said.
“The NBSSI has also worked closely with various stakeholders to come out with eligibility criteria and really tighten it in such a way that it allows people to have the option to apply for the facility”.
Mrs Yankey-Ayeh said to ensure the success, efficiency and transparency of the programme, an online portal had been developed to be approved by the Board of Directors, and it was being stress-tested by independent consultants to ensure that all implementation challenges were minimised and tested.
“We will also create the opportunity for those who are not technology savvy or have limited access in remote districts to have access to partake in the business support scheme,” she said.
“We believe that we are in a position to operationalise the service soon. We also will be communicating to the general public as of today to get them ready to prepare,” Mrs Yankey-Ayeh added.
---GNA
Burkina Faso expels French diplomats for 'subversive activities'
GOIL reduces petrol price by 29 pesewas, sells GHC14.70 per litre
The disrespect towards security is terrible; we can do better — Atik Mohammed co...
Starlink to cease connection in Ghana, other “unavailable” countries on April 30...
MMCEs, DCEs and Regional Ministers must be elected to reduce political interfere...
National Cathedral: ‘Nonsense; you take taxes from broke Ghanaians to dig a clum...
April 18: Cedi sells at GHS13.59 to $1, GHS13.01 on BoG interbank
We must harness the collective power and ingenuity of female leaders to propel o...
Saglemi Housing Project will not be left to rot – Kojo Oppong Nkrumah
Asantehene commends Matthew Opoku Prempeh for conceiving GENSER Kumasi Pipeline ...
