Ashanti Region has recorded the highest number of applications for government’s stimulus package dubbed the CAP Business Support Scheme (CAP BuSS).
Some 28.6 per cent of total applications are Medium, Small, and Micro Enterprises (MSME) coming from the Ashanti Region, according to data released from the CAP BuSS online portal on June 5.
It is followed by Central Region with 13 percent, then Greater Accra – 12 percent; Eastern Region – 11.5 percent, followed by other regions.
Volta, Bono East, Western North, Ahafo, Upper East and West, Savanna, Oti, and North East regions; all recording less than 5 percent of the applications.
Reasons for the differences in applications have been partly attributed to population distribution, and the concentration of major economic centres in Ghana where MSMEs operate.
The Government of Ghana CAP Business Support Scheme (CAP BuSS) received over 170,000 successful registrations on the online portal with about 65 per cent of this number successfully completing applications.
In a statement by the National Board for Small Scale Industries (NBSSI), due diligence on the successful applications is on-going and disbursement will begin shortly.
“In coordination with relevant Participating Financial Institutions, the necessary due diligence is underway to ensure our hardworking Ghanaian Micro, Small and Medium Enterprises (MSMEs) who are the backbone of the economy receive requisite assistance in these hard times,” noted the Executive Director of NBSSI, Kosi Yankey-Ayeh.
To further ensure all eligible but disenfranchised MSMEs easily access the CAP BuSS, selected staff of NBSSI and members of the CAP BUSS Steering Committee are conducting nationwide outreach and monitoring visits to selected trade and business associations and market centres across the country.
“Recognising that majority of MSMEs in Ghana (80%) fall within the informal sector and will require some support to fill out the online application form, our NBSSI Regional Offices and 180 Business Advisory Centres across Ghana have in the last two weeks been working diligently, and in collaboration with the respective metropolitan, municipal and district assemblies (MMDAs) have set up Help Desks to support applicants with data entry,” explained Mrs. Kosi Yankey-Ayeh. '
She added that, “The nationwide outreach and monitoring visits are for purposes of scalability and to ensure all other disadvantaged groups easily access the Programme and have relevant information to work with, as well as give NBSSI insight into realities and challenges of our intervention”.
The Scheme, which was launched on May 19, by President Akufo-Addo, forms part of the Government of Ghana’s Coronavirus Alleviation Programme (CAP) intended to provide support to MSMEs negatively impacted by the Coronavirus Pandemic.
The management of the CAP BuSS Programme is being facilitated by NBSSI, a government-subvented agency under the Ministry of Trade and Industry mandated by an Act of Parliament to grow, strengthen and support MSMEs in Ghana.
Latest Stories
-
Ford Foundation partners foster collaborative solutions for host Community Development Trusts implementation in Nigeria
8 mins -
Appiatse reconstruction: Support Bawumia to do more for Ghana – Richard Ahiagbah to Ghanaians
34 mins -
I wanted Harry Kane at Man United – Ten Hag
35 mins -
Ayorkumi: Stage play on slave trade premieres on May 11
36 mins -
Majority defends GRA-SML deal, insists no wrong was done
43 mins -
Church Of Pentecost disburses educational sponsorships worth ¢14,281,540 million
44 mins -
Money Summit: Fidelity Bank’s Atta Gyan calls for a rethink on investment strategies
59 mins -
WPL 2023/24: Battle for glory as Northern and Southern zone clubs chase playoff spots
1 hour -
Ghana’s Press Freedom Index improvement nothing to write home about – Sam George
1 hour -
Ghana Wellness and Healthcare Awards slated for June 14
1 hour -
OSP begins investigation into alleged bribery of EC staff by Kwadaso MP
1 hour -
Ghana FA laud Coach Zito with standing ovation after Dreams FC’s exploit in Africa
1 hour -
Asantehene worried over brain drain in African contemporary arts
1 hour -
Hearts of Oak legend berates current players for poor form
2 hours -
Unless EC has rules against officials receiving lunch money, nothing can be done in ‘envelope scandal’ – Prof Agyeman Duah
2 hours