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 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.