About two hundred thousand small and medium scale enterprises (SMEs) are expected to benefit from loans from the GH₵600 million government stimulus package.
Out of the number, micro-businesses who make up 80 percent, will take a chunk of the monies to be disbursed.
Executive Director of the National Board for Small Scale Industries, Ms Kosi Antwiwaa Yankey disclosed this while updating the media on work done so far in Accra.
She noted that the Board had met with the SMEs and has worked out all the modalities to help align with the directive of President Akufo-Addo.
Ms Yankey indicated that a criterion has also been outlined to allow people to apply for the loans.
To ensure transparency, she said an online portal will be created for the application. This according to the Executive Director will be launched soon.
Arrangements, Ms Yankey stated has been made for those who do not have access to technology to ensure no one is left out of the process.
“There will be education and sensitization so people will know what to do and how to go about it” she stressed.
Latest Stories
-
EPL: Arsenal beat Bournemouth to go four points clear of Man City
8 mins -
Cecilia Dapaah’s case: What’s happening now is a clear indication of cover-up – Amaliba
9 mins -
I felt rejected by Ghanaians – AY Poyoo
23 mins -
Terrorist cell of five Daesh supporters dismantled in Essaouira
56 mins -
My former manager deleted my songs from streaming platforms – AY Poyoo
1 hour -
Afronita and Abigail get standing ovation at Britain’s Got Talent
1 hour -
Accused in murder of a military officer in Kasoa remanded
2 hours -
OSP cleared Cecilia Dapaah of corruption after investigations, not AG’s office – Godfred Dame
2 hours -
OSP only gave EOCO a narrow remit to investigate money laundering – A-G
2 hours -
Ghana’s Osman Bukari wins second successive Serbian Super League title with Red Star
2 hours -
GES bemoans growing tattooing, multiple-piercing, and bleaching among pupils
3 hours -
GRA-SML deal: Majority kicks against publication of KPMG audit report
3 hours -
GOIL introduces Super XP to give consumers more affordable options
3 hours -
Scottish Premiership: Mathew Anim Cudjoe and Dundee United secure promotion after Championship win
4 hours -
Leicester City trigger buy option for Fatawu Issahaku
5 hours