Some hotel owners have expressed fears that the government’s stimulus package may end in wrong pockets.
This follows President Akufo-Addo’s announcement of a GHC600 million stimulus package to support businesses that are suffering due to the effect of the COVID-19 pandemic.
Chief Executive Officer of Ange Hill Hotel, Angelo Ronald Adukere suspects some government officials may establish businesses in the interim and distribute the package amongst themselves.
Mr Adukere was sharing the economic impact of the Covid-19 on Adom FM’s current affairs show, Burning Issues on Wednesday, May 6, 2020.
He lamented that their businesses have been naturally shut by the pandemic since they are not getting any customers.
According to the CEO, many hotels in Ghana do not have any strong association which could be a hindrance, should the protocols guiding the package be strictly adhered to.
The money, which will be given in the form of soft loans to small and medium scale enterprises would be repaid in a two-year duration.
Identifiable companies with recognised associations were initially tipped as those that would benefit.
However, some sources have indicated, that there may be some flexibility regarding recognised businesses without associations amongst other modalities for beneficiaries.
But the hotel owners think those who will pivot the distribution of the loans may skew the process to put the money in the wrong hands.
Also speaking on the show, Executive Secretary of the Ghana Tourism Federation (GHATOF), Emmanuel Frimpong disclosed 728 Car Rental Association members are currently home due to the closure of hotels.