CAP supports over 120,000 businesses impacted by the pandemic- NBSSI

The Executive Director of NBSSI, Kosi Yankey-Ayeh has revealed that approximately 120,000 individuals have so far been furnished with funds from government’s Coronavirus Alleviation Programme Business Support Scheme (CAP).

Addressing the national regional executives of the Association of Small Scale Industries (ASSI) on the disbursement of the CAP, Mrs. Yankey noted her outfit has substantial evidence in backing the claim of monies disbursed to support businesses.

 “The CAP BuSS as you all know started in May and has been ongoing. As we speak, over 120, 000 people have benefited. Every district in this nation has at least one person who has benefited. Every region in this nation has received funding and we have all the documentation and list of beneficiaries available as well to showcase those who have benefited”.

Commenting on this, the General Secretary of the Association of Small Scale of Industries (ASSI), Abdallah Samari, stated that stimulus package has alleviated the plight of most of its members from the hardship the COVID-19 pandemic had on their businesses.

 “The pandemic stopped most of them from doing business but the support from the government has really helped most of them to enable them raise their business up again. We thank the government of Ghana for such an opportunity and thank our mother association which is the NBSSI. We really appreciate what they have done. The CAP BuSS has really come to support most of our members”.

Meanwhile, some beneficiaries from the Scheme acknowledged receiving the support and lauded both the government and the NBSSI for the opportunity given them to recover their operations.

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“I was able to receive the CAP BuSS support through the association. So I want encourage all my colleagues to join associations so they are able to access any kind of funds that are available. I want to thank the NBBSI for this opportunity. I am extremely grateful”, one beneficiary stated.

The NBSSI being a non-profit organization under the Ministry of Trade and Industry over the last three years, has achieved many significant milestones such as the training of 65,000 youth, of which women accounted for 62 per cent.

This was done through innovation hubs, apprenticeship programmes, access to international export markets and providing approximately GHS70 million worth of funding.