10,104 Business Operators Applied for Covid-19 Stimulus Support in the Upper West Region

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Government in collaboration with the National Board for Small Scale Industries (NBSSI), Business and Trade Associations and selected commercial and rural banks, has  rolled  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.

In view of the impact of coronavirus pandemic 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 Upper  West Regional director of the National Board for Small Scales Industries Muhammed Adbdul-Moomin, in an interview with Radio Progress revealed that 10,104 business holders have so far applied to benefit from the package in the region with Wa Municipal having the highest of 4,385 followed by Sissala East with 1,022, Jirapa Municipal 816, Nandom Municipal with 813,Sissala West with 786, Lamhussie district with 612, Lawra Municipal with 500,Wa East on the 8th position with 395, followed by Wa West with 350,with Nadowli-Kaleo District having 350 and Daffiama-Bussie -Issa district at the bottom with just 75 small and Medium scale business operators   with NBSSI in the Upper West Region.

He added that already some business operators have started receiving their packages in the region, but he was quick to add that, it was for those who applied for GHS 2,000.00 and below who are receiving their share.

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