Stimulus Package By Government Of Ghana
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It is important that the whole program is well coordinated.
Stimulus package by government of ghana. Ghana president announces gh 1b stimulus package in covid 19 response march 29 2020 general news comments off the government has announced a gh 1 billion stimulus package to households and businesses particularly small and medium scale enterprises under a coronavirus alleviation programme. Following the announcement by the national board for small scale industries nbssi that over 200 000 businesses will benefit from the gh 600 million stimulus package many groups in the small and medium scale enterprise sme sector as well as some financial expert have described the money as being insufficient. The government should increase the package to about 12 8 billion ghana cedis 5 of gdp.
Apply ghana government covid 19 stimulus package for businesses and individuals. The executive director of the nbssi mrs kosi yankey ayeh who made this known at a meeting on the stimulus package with leaders of business associations and trade groups on may 14 in accra observed that the gh 600 million stimulus package was introduced by the government to support businesses that were directly affected during the lockdown. The package is a soft loan package for businesses that have significantly suffered the impact of the covid 19 outbreak.
The national board for small scale industries nbssi has presented the guidelines for businesses to access the government of ghana s stimulus package. How to apply for government s coronavirus stimulus package for businesses and individuals the covid 19 pandemic negatively affected a lot of businesses in ghana. In view of the impact of the disease on ghana s economy which is expected to cost in excess of gh 9 billion the government set aside a stimulus package of gh 1 billion for industry.
The current stimulus package of 1 billion ghana cedis 0 39 of gdp is insufficient.
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