Over 300,000 businesses receive gov't stimulus - NBSSI
The Executive Director of the NBSSI said a number of hitches were to blame for the inability of some of the people to receive their share of the fund.
Over 300,000 micro, small and medium enterprises (MSMEs) have accessed the special fund set up by the government to reduce the impact of COVID-19 on businesses.
This is according to data from the National Board for Small Scale Industries (NBSSI).
The data showed that the beneficiaries were selected from 900,000 applications received to access part of the GHȼ750 million Coronavirus Alleviation Programme Business Support Scheme (CAP BuSS) launched in May last year.
The Executive Director of the NBSSI, Mrs Kosi Yankey-Ayeh, said a number of hitches were to blame for the inability of some of the people to receive their share of the fund.
At a stakeholders’ engagement in Accra yesterday, she said one of the reasons some applicants were yet to benefit was that they presented fictitious data, documents and personal details.
“At a point, we sent GHȼ200,000 to applicants through mobile money, but GHȼ40,000 returned to us. It did not go through because some of the applicants used wrong information on their account details
“We also detected that others used wrong tax identification numbers (TIN),” she added.
The engagement provided updates on the CAP BuSS for various trade associations on whose tickets the businesses applied for the fund.