• About
  • Advertise
  • Privacy & Policy
  • Contact
Extra News Ghana
Advertisement
  • Home
  • Lifestyle
    Ghana’s tallest man appeals for support: “I need surgery to stop my growth.”

    Ghana’s tallest man appeals for support: “I need surgery to stop my growth.”

    I’ll continue to bring black folks in America and Africa together. — Meek Mill

    I’ll continue to bring black folks in America and Africa together. — Meek Mill

    A Year of Lives Lost to Diseases Science Has Yet to Tame

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • AGRICULTURE
  • GOVERNMENT AND POLITICS
  • RELIGION
  • SHOWBIZ
  • SPORTS
  • VIDEOS
  • WORLD NEWS
  • About us
  • Advertise
No Result
View All Result
  • Home
  • Lifestyle
    Ghana’s tallest man appeals for support: “I need surgery to stop my growth.”

    Ghana’s tallest man appeals for support: “I need surgery to stop my growth.”

    I’ll continue to bring black folks in America and Africa together. — Meek Mill

    I’ll continue to bring black folks in America and Africa together. — Meek Mill

    A Year of Lives Lost to Diseases Science Has Yet to Tame

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • AGRICULTURE
  • GOVERNMENT AND POLITICS
  • RELIGION
  • SHOWBIZ
  • SPORTS
  • VIDEOS
  • WORLD NEWS
  • About us
  • Advertise
No Result
View All Result
Extra News Ghana
No Result
View All Result
Home General

Prioritize young entrepreneurs when disbursing stimulus package – NBSSI admonished

Chris by Chris
18 May 2020
in General
0
Prioritize young entrepreneurs when disbursing stimulus package – NBSSI admonished
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

The Ghana Chamber of Young Entrepreneurs has called on the National Board for Small Scale Industries (NBSSI) to as a matter of urgency consider businesses owned and run by young people when disbursing the GHS600 million stimulus package earmarked for businesses.

The chamber said this call has been necessitated by results emanating from a survey conducted on the impact of the COVID–19 pandemic on the operations of its members.

Speaking at the head office of the Chamber, the CEO, Mr Sherif Ghali indicated that the survey which was conducted from April 13th to April 30th 2020 revealed that about 45% of Small and Medium Enterprises (SMEs) owned and run by young entrepreneurs are likely to fold up which will subsequently result in about 60% of persons employed by young entrepreneurs losing their jobs.

He said this, therefore, calls for an immediate intervention since young entrepreneurs constitute a greater percentage of the SME population in the country and thus contribute significantly to the growth of the economy. He said the government’s 600 million stimulus package, therefore, could not have come at a better time than this.

He called on NBSSI (the Government agency mandated to carry out disbursement of the fund) to earnestly consider young entrepreneurs during the evaluation and disbursement period.

“On many instances, interventions such as this are only focused on big entrepreneurs or enterprises. Young people are always marginalized for whatsoever reasons. So, we believe the trajectory for this package should be different. A special treat should be given to business owners under 35 years since they are the future giants of our economy.”

He further stated that most of these young business people are considered high risk and as a result rarely get access to bank loans or investment support.

“So, this will be the opportunity to help them out especially in these uncertain times.” He lamented.

He used the opportunity to thank NBSSI for putting in place measures that seek to make the disbursement process transparent through broad consultations.

“It is essential to alleviate the fears of many that perceives the fund could be politicized. He added.

The Award-winning young entrepreneur and CEO of the official network of young entrepreneurs also disclosed that the Chamber will soon be launching an initiative which will seek to complement Government’s efforts by looking for funds and grants to support youth businesses.

President Nana Addo Dankwa Akufo-Addo, on April 5, announced a soft loan scheme of up to GH¢600 million for SMEs, which would sustain the country’s affected industries and address the disruption in economic activities caused by the COVID-19 pandemic.

“Government, in collaboration with the National Board for Small Scale Industries (NBSSI), Business and Trade Associations and selected commercial and rural banks, will roll out a soft loan scheme up to a total of GH¢600 million, which will have a one-year moratorium and two-year repayment period for micro, small and medium scale businesses,” he stated.

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.

Source: citinewsroom

Chris

Chris

About us: To Bring to you, Engage and Empower our Readers We are truth-seekers and storytellers. We are journalists, writers and finders, united by a mission to inform, engage and empower our readers. We bear witness to history as it unfolds and explains not just what happened, but why, and what it means to you. Our stories take you to the farthest corners of the nation, and we bring you news from around nation to you, delivering content and services that inform and enrich your lives, your families and your communities. We are available on various social media handles. We stand for excellence in our stories. We are committed to serving you. We are...... Tel: 0206386139 Watsup: 0206386139 Email: extranewsgh@gmail.com Website: www.extranewsgh.com

Stay Connected test

  • 23.7k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
A MOTHER IS STILL A MOTHER…: BY RHEDD_MAYA

A MOTHER IS STILL A MOTHER…: BY RHEDD_MAYA

10 May 2020
Government Bans Mallams & Fetish Priests from broadcasting on TV

Government Bans Mallams & Fetish Priests from broadcasting on TV

29 April 2020
Popular journalist reveals region Mahama’s running mate will come from

Popular journalist reveals region Mahama’s running mate will come from

29 April 2020
ICGC UPPER ROOM TEMPLE FELLOWSHIPS AMID COVID 19 LOCKDOWN

ICGC UPPER ROOM TEMPLE FELLOWSHIPS AMID COVID 19 LOCKDOWN

25 April 2021
BREAKING THE ‘8’ IS THE ACUMEN OF THE NPP FOOT SOLDIERS

BREAKING THE ‘8’ IS THE ACUMEN OF THE NPP FOOT SOLDIERS

1
MARRIAGE CONNECT 2022 – By Save Marriage Foundation

MARRIAGE CONNECT 2022 – By Save Marriage Foundation

1
ICGC UPPER ROOM TEMPLE FELLOWSHIPS AMID COVID 19 LOCKDOWN

ICGC UPPER ROOM TEMPLE FELLOWSHIPS AMID COVID 19 LOCKDOWN

0
The Champ; Floyd Mayweather & Team Rides through LA with no mask despite Covid 19 &  Social Distancing Warnings

The Champ; Floyd Mayweather & Team Rides through LA with no mask despite Covid 19 & Social Distancing Warnings

0
Today’s anticipated resignation of Agriculture Minister Afriyie Akoto

Today’s anticipated resignation of Agriculture Minister Afriyie Akoto

10 January 2023
Ghana’s tallest man appeals for support: “I need surgery to stop my growth.”

Ghana’s tallest man appeals for support: “I need surgery to stop my growth.”

10 January 2023
Parliament will grill the national security minister on the Meek Mill video.

Parliament will grill the national security minister on the Meek Mill video.

10 January 2023
I’ll continue to bring black folks in America and Africa together. — Meek Mill

I’ll continue to bring black folks in America and Africa together. — Meek Mill

10 January 2023

Recent News

Today’s anticipated resignation of Agriculture Minister Afriyie Akoto

Today’s anticipated resignation of Agriculture Minister Afriyie Akoto

10 January 2023
Ghana’s tallest man appeals for support: “I need surgery to stop my growth.”

Ghana’s tallest man appeals for support: “I need surgery to stop my growth.”

10 January 2023
Parliament will grill the national security minister on the Meek Mill video.

Parliament will grill the national security minister on the Meek Mill video.

10 January 2023
I’ll continue to bring black folks in America and Africa together. — Meek Mill

I’ll continue to bring black folks in America and Africa together. — Meek Mill

10 January 2023
Extra News Ghana

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Follow Us

Browse by Category

  • AGRICULTURE
  • Dating Online
  • General
  • GOVERNMENT AND POLITICS
  • Lifestyle
  • RELIGION
  • SHOWBIZ
  • SPORTS
  • VIDEOS
  • WORLD NEWS

Recent News

Today’s anticipated resignation of Agriculture Minister Afriyie Akoto

Today’s anticipated resignation of Agriculture Minister Afriyie Akoto

10 January 2023
Ghana’s tallest man appeals for support: “I need surgery to stop my growth.”

Ghana’s tallest man appeals for support: “I need surgery to stop my growth.”

10 January 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • Lifestyle
  • AGRICULTURE
  • GOVERNMENT AND POLITICS
  • RELIGION
  • SHOWBIZ
  • SPORTS
  • VIDEOS
  • WORLD NEWS
  • About us
  • Advertise

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.