Small scale industries to get GH¢600 million -Nana Akufo Addo

The president of Ghana in his address today has announced a stimulus package to small and medium scale industries in Ghana in the form of soft loans.

The decision is as a result of the deadly effect the coronavirus has had on the economic performance of these companies.

“Government, in collaboration with the National Board for Small Scale Industries (NBSSI), Business & Trade Associations and selected Commercial and Rural Banks, will roll out a soft loan scheme up to a total of six hundred million cedis (GH¢600 million), which will have a one-year moratorium and two-year repayment period for micro, small and medium scale businesses‘ he said.