The Abossey Okai Spare Parts Dealers are calling for a swift disbursement of part of the ¢600 million stimulus package to its members.
Earlier this year, the Spare Parts Dealers at Abbosey Okai threatened to increase their prices, but later rescinded their decision, due to the government’s stimulus package.
However, Co-chairman of the Abbosey Okai Spare Parts Dealers Association, Clement Boateng told Joy Business that they are yet to receive their share of the stimulus package since it was announced.
He, therefore, urged the National Board for Small Scale Industries (NBSSI) to accelerate the modalities and disbursement process to enable its members to revitalise their operations with the funds.
“They (NBSSI) are now in the process of disbursing for those who are in the medium scale and small scale and those disbursements are going to be done in conjunction with some banks that they have selected.
"So they are in the process of working out the modalities that they are going to disburse the fund. But we urge them to try as much as possible to speed up the process because our members are on our necks every now and then asking us when the money will come.
“They promised us that by July, they will start the disbursement and finish by August, but we are now close to ending of August and they have not even started the disbursement of the small and medium scale enterprise,” he noted.
President Nana Akufo-Addo on August 17, 2020 commissioned and handed over the Secretariat of the African Continental Free Trade Area to the African Union Commission.
The AFCFTA is expected to commence in 2021.
So far, 30 countries have rectified the African Continental Free Trade Agreement including Ghana, Kenya, Rwanda and Niger.
Latest Stories
-
Takoradi traders lament over low sales ahead of Easter
37 mins -
Michael Ampadu: One Student, One Tablet initiative will shape the future of education and innovation
47 mins -
I will partner you for development – Alan tells TUC
55 mins -
Malnutrition, anemia remain concern to UNICEF
1 hour -
Kasoa shrinking penis: Court remands Electrician over false alarm
1 hour -
‘I look forward to working closely with President-elect Faye to enhance Ghanaian-Senegalese relations’ – Akufo-Addo
2 hours -
Girl, 8, only survivor as 45 killed in bus crash in South Africa
3 hours -
Biden to host star-studded NYC fundraiser with Obama and Clinton
3 hours -
GDNR, AAU and others launch Universal Acceptance for local languages in internet domain names
3 hours -
Ogum and Kotoko’s March malaise
5 hours -
BushGang Zee releases new afro dancehall anthem “Accra Stay By Plan”
6 hours -
2 repair vessels dispatched for undersea cable repairs – says NCA’s latest update
6 hours -
Multimedia Group Limited’s Clinton Yeboah shortlisted for 2 International Sports Press Association Awards
6 hours -
Supreme Court upholds High Court verdict on fraudulent sale of property by Senior Police Officer
6 hours -
NHIS Biometric Membership Authentication System limited rollout satisfactory – NHIA Deputy CEO
6 hours