September 29, 2020
Clickongh

Over GHS57m of CAP Fund disbursed to 64,000 MSMEs – NBSSI

The National Board for Small Scale Industries (NBSSI), says it has so far disbursed over 57 million Ghana Cedis out of government’s GHS600 million Ghana Cedis Coronavirus Alleviation Program Business Support Scheme, set aside to support MSMEs affected by the COVID-19 pandemic.

In all, over 64,000 businesses captured under the Adom Micro Soft Loans for Micro Enterprises received the loans through the Vodafone Cash platform.

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In an interview with Citi Business News, Executive Director of the NBSSI, Kosi Yankey-Ayeh, said: “These ones fall under the Adom Micro soft loans. For the Adom Micro soft loans, we had budgeted 28 percent (of the GHs 600 million) that will fall under that. 57 million Cedis which is classified under the Adom small loans has gone into that sector.”

So far, disbursements have covered all 16 regions, with the Ashanti Region leading the chart, followed by the Eastern Region, and Central. The Fouth, is the Greater Accra Region followed by the Western Region, and then Volta Region.

The Board says it will soon begin the disbursement of about 300 million to beneficiaries captured under the Anidasuo Soft Loan, which is the 2nd phase of the exercise.

“You know the entire government facility fund was 600 million, so more than GHs 300 million will go into the Anidasuo segment” she added.

Source: Business