• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, June 9, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result
in Vaultz Business

Government’s CAP initiative benefits large firms indirectly – Guinness Ghana

thevaultzby thevaultz
August 8, 2020
Reading Time: 3 mins read
818201713023 w1000

The Corporate Relations Director of Guinness Ghana has said that government’s support to Small and Medium Scale Enterprises through the COVID-19 Alleviation Programme (CAP) will, to some extent, help lager companies since they can continue to supply to their clients in the value chain.

“As a business operating in Ghana, we are an enabler to a wide variety of businesses so if you look down our value chain, from the farmers that we source locally from, to our key distributors like wholesalers and retailers, these are more SMEs so for us we are looking at a situation where the government’s stimulus package will benefit our value chain.”

It can be recalled that the government introduced the CAP to support businesses which have been impacted negatively by the pandemic. As a result the Ghana Statistical Service surveyed the impact of the COVID-19 pandemic on business in the country. The GSS revealed that, even though COVID-19 negatively impacted businesses in general, SMEs were the hardest hit. This is because several SMEs have folded up as a direct result of the pandemic.

Sylvia Owusu-Ankomah in an interview indicated that, this could be resolved if support to SMEs is sustained since large companies rely on small businesses such as retailers.

The Corporate Relations Director expressed hope that, the easing of COVID-19 restrictions may also provide some respite to beverage producers to sustain production.

ADVERTISEMENT
silvia small
Corporate Relations Director of Guinness Ghana, Sylvia Owusu-Ankomah

She added that, producers of beverages in the country serve a broad array of businesses and as such they create thousands of jobs through those value chains.

Sylvia said SMEs that beverage producers rely on, especially, the agriculture sector for primary resources such as cassava, sorghum and sugarcane, were badly hit by the COVID-19 pandemic hence require sustainable government support.

In Ghana, drinking spots, pubs, hotels, night clubs and recreational centers are the main consumers of finished products from beverage companies.

Most of the restrictions imposed by government to curtail the spread of COVID-19 saw the temporary closure of the aforementioned businesses. As a result, demand for beverages reduced drastically.

During this period, many employees have lost their jobs.  

According to Sylvia, Guinness Ghana did not lay off any of its workers. However, some were made to work from home to enhance social distancing.

She added that, but for the employees working in the factory, the company long before the announcement of a partial lockdown in March, asked its entire administrative staff to work from home.

According to some experts, working from home in itself is a skill that must be properly executed to ensure efficiency.

She explained that some staff were provided with special equipment to enable them to work efficiently from home.

ADVERTISEMENT

“We gave our staff laptops and data to be able to work from home. At Guinness Ghana the safety of our workers is the first priority.”

For the beverage industry, the players in the value chain, particularly the farmers and businesses in the hospitality industry are essential if the customer is to be satisfactorily served.

Therefore, the existence of these businesses cannot be underplayed if the country is to have a vibrant beverage industry.   

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: CAPCOVID-19Guinness Ghana
Share8Tweet5Share1SendSend
Please login to join discussion
Previous Post

Aging Economies May Benefit Less from Fiscal Stimulus – IMF

Next Post

Stranded Ghanaians abroad will be given an opportunity to register- EC

Related Posts

Hon. Sampson Ahi, Deputy Minister for Trade, Agribusiness and Industry
Vaultz Business

ECOWAS Tackles Non-Tariff Barriers, Accelerates AfCFTA Integration Ahead of ECOMOTI-5

June 8, 2026
President John Dramani Mahama, with Belarus’s President Alexander Lukashenko
Vaultz Business

Ghana’s $114 Billion Economic Turnaround Anchors Alliances at Minsk Business Forum

June 8, 2026
Mr. Simon Madjie, GIPC CEO
Vaultz Business

GIPC Boss Pitches Ghana as Access to Africa’s $16 Trillion Market at Belarus Business Forum

June 8, 2026
Hon. Sampson Ahi, Deputy Minister of Trade, Agribusiness, and Industry, with Hon. Alexander Roosevelt Hottordze, Chairman of the Parliamentary Select Committee on Trade, Industry, and Tourism, and Team
Vaultz Business

MoTAI Secures Parliamentary Backing for Industrial Reforms

June 6, 2026

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Recent News

Stanbic Bank Ghana Spearheads Dialogue on Workplace Inclusion

Stanbic Flags Major Threats to Mining Finance

June 9, 2026
President Mahama with President Macron

French President Macron Headlines Ghana’s Dialogue on Reparatory Justice

June 9, 2026
Sedina Christine Tamakloe Attionu, former MASLOC Boss

U.S. Extradites Ex-MASLOC CEO to Ghana Over $6m Fraud Conviction

June 9, 2026
Iranian supporters in the stadium

Iran Condemns World Cup Ticket Ban as Tensions Spill Into Football

June 9, 2026
World Bank Group

World Bank Urges South Sudan to Harness Urban Growth for Recovery

June 9, 2026
Next Post
ok ec

Stranded Ghanaians abroad will be given an opportunity to register- EC

The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address