• Latest
  • Trending
We are not operating like the banks – NBSSI

NBSSI disburses funds to over 10,000 businesses

July 8, 2020
Structured Financing Is Key to Unlocking Agriculture’s Potential: Absa’s William Nettey

Structured Financing Is Key to Unlocking Agriculture’s Potential: Absa’s William Nettey

July 7, 2025
NADMO Deputy Boss Warns: Buildings on Waterways Face Demolition

NADMO Deputy Boss warns: Buildings on waterways face demolition

July 7, 2025
Presidency holds Guard Changing ceremony today

Presidency holds Guard Changing ceremony today

July 7, 2025
Minority sets the record straight on Ghana’s recent Oil discoveries

Minority sets the record straight on Ghana’s recent Oil discoveries

July 7, 2025
Youth Minister pledges impartiality in National Apprenticeship Program as trainers voice concerns

Youth Minister pledges impartiality in National Apprenticeship Program as trainers voice concerns

July 7, 2025
Akwatia MP Ernest Kumi dies

Akwatia MP Ernest Kumi dies

July 7, 2025
High Court Orders Nana Agradaa to Open Defense in Nude Image Sharing Case

High Court orders Nana Agradaa to open defense in nude image sharing case

July 7, 2025
ECG to Undertake Planned Maintenance in Parts of Greater Accra on July 8

ECG to Undertake Planned Maintenance in Parts of Greater Accra on July 8

July 7, 2025
Gabon’s President Oligui launches new political party

Gabon’s President Oligui launches new political party

July 7, 2025
Seek medical attention promptly upon discovering any symptoms of illness. - Health Director

Seek medical attention promptly upon discovering any symptoms of illness – Health Director

July 7, 2025
GDA BEMOANS 1:58,400 DENTIST - TO - PATIENT RATIO

GDA bemoans 1:58,400 dentist-to-patient ratio

July 7, 2025
Woman Arrested for Using Embalming Chemicals and Mosquito Spray to Preserve Fishes

Woman arrested for using embalming chemicals and mosquito spray to preserve fishes

July 7, 2025
Happy Ghana
No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
No Result
View All Result
Happy Ghana
No Result
View All Result
Home Sports

NBSSI disburses funds to over 10,000 businesses

in Sports
We are not operating like the banks – NBSSI

We are not operating like the banks – NBSSI

Share on FacebookShare on TwitterShare on Whatsapp

The National Board for Small Scale Industries (NBSSI) started disbursing funds to owners of micro-businesses across the country on Wednesday, June 24, 2020. The provisions come from the special fund set up by the government to cushion micro, small and medium enterprises (MSMEs) from the impact of the coronavirus disease (COVID-19).

At the said date, the NBSSI began the disbursement of GHȼ1 million to 1,000 applicants under the first tranche of the GH¢1 billion Coronavirus Alleviation Programme (CAP) business support scheme.

The Executive Director of NBSSI, Mrs. Kosi Yankey-Ayeh has disclosed that the board since June 24 has been able to disburse funds from the CAP to “over 10,000 small scale businesses.”

The beneficiaries, whose documentation checked out and met the requirements of the NBSSI, received up to GHȼ2,000 via mobile money under the Adom Micro-Soft Loans, for micro-enterprises.

She made this disclosure in an interview with Happy 98.9 FM’s Samuel Eshun, host of the Happy Morning Show.

Mrs. Yankey-Ayeh disclosed that the application process was categorized into three (3) to help in the smooth processing of financial aid. And was also done in accordance with the amounts needed by these traders and business people.

“We divided the application into different categories. We have the Adom loans which provide funding between the ranges of GHȼ 1 to GHȼ 2,000. This is for the micro-enterprises and many have applied for such loans. The next level is Anidaso scheme for the small level enterprises who receive up to 20,000.”

All the loans are to be paid with an interest of 3% within two years after a moratorium of one year.

After realizing most of the funding applications came from the micro sector, the board decided to fund them first.

She advised beneficiaries of the loan facility to work with the money and make sure they stabilize their businesses “because we don’t know when COVID-19 will end.

By: Joel Sanco

Subscribe to receive notification everytime a new post is published. We promise to be discrete.

Unsubscribe
Previous Post

George Amoako lands King Faisal CEO job

Next Post

Dr. Nsiah-Asare advises doctors to manage the usage of PPEs

Next Post
Dr. Nsiah Asare

Dr. Nsiah-Asare advises doctors to manage the usage of PPEs

Search

No Result
View All Result

Listen Live

BBC Match of the Day Africa

Happy Ghana

Recent News

  • Structured Financing Is Key to Unlocking Agriculture’s Potential: Absa’s William Nettey
  • NADMO Deputy Boss warns: Buildings on waterways face demolition
  • Presidency holds Guard Changing ceremony today
  • About
  • advertise
  • Privacy Policy
  • Contact Us

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.

No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.