The National Board for Small Scale Industries (NBSSI) and MasterCard Foundation’s Covid-19 Recovery and Resilience Program for Micro, Small and Medium Enterprises (MSMEs) has now been opened for prospective applicants.
The ₵90 million initiative dubbed the ‘Nkosuo’ programme is aimed at supporting MSMEs, as well as start-ups in sectors such as agriculture and agro-businesses, water and sanitation, healthcare and pharmaceuticals, trade and commerce, the creative arts, among others.
During its launch on Wednesday, the Executive Director of NBSSI, Kosi Yankey-Ayeh said the programme has been designed to accelerate the growth of businesses that were badly affected by the Covid-19 pandemic.
She noted that the Nkosuo loan is to mark a beginning of a new era for MSMEs in Ghana at a time when the country is finding new ways to forge ahead post coronavirus.
She explained that the initiative has become necessary since the MSMEs, particularly, the informal sector plays a critical role in the economic growth of the country.
Describing the programme as a timely intervention, Mrs Yankeh-Ayeh said, “This will bring hope and most importantly, provide MSMEs an opportunity to accelerate the growth of their businesses.”
She then urged all MSMEs to take a keen interest in the programme and apply the resources they get judiciously.
With that, she asked interested people to visit the online application portal www.nbssi.gov.gh/recoveryprogram starting Thursday, September 17, 2020.
NBSSI has the largest footprint of any agency or organization in Ghana in its work with entrepreneurs and women-led MSME development.
It has a presence in all the 16 regions and operates in 185 districts in Ghana.
Latest Stories
-
Cabinet has approved reintroduction of road tolls with modernised collection – Kwame Agbodza
18 minutes -
Heal KATH project stalls for 3 months over simmering conflict between hospital CEO and project committee
36 minutes -
You don’t need to go to Turkey, US or Europe for ‘Hairforestation’: UGMC is rolling out hair transplant in Ghana this year
38 minutes -
Help comes to market women and farmers as CSJ tackles credit barriers, protection gaps at upcoming summit
49 minutes -
50-year-old woman dies after falling into abandoned mining pit at Mpasatia
54 minutes -
Accra Bar Show 2025 launched to celebrate Ghana’s hospitality and drinks industry
59 minutes -
Mahama directs Road Ministry to prioritise roads under the Big Push initiative
1 hour -
JoyNews journalist Carlos Carlony recounts Military assault at McDan warehouse demolition site
1 hour -
Former MIIF CEO stopped at Airport over unauthorised travel attempt while on OSP bail
1 hour -
Christian Council of Ghana raises alarm over escalating violence in Bawku
1 hour -
NSMQ 2025: Prempeh’s zonal title drought continues as ‘Our Lady of Grace’ reaches finals
1 hour -
Titus Glover links McDan warehouse demolition to alleged personal feud with EOCO head, Raymond Archer
1 hour -
#FellowGhanaians: Joy Prime’s Kwaku Asante calls for abolition of trainee allowances
2 hours -
Overloading penalty increased to GH₵50,000 – Roads Minister
2 hours -
WO II Patrick Dotse Gomashie
2 hours