Ghana government has approved the GHC 600 million soft loan for micro, small and medium scale businesses. Persons who access this financial assistance are expected to start making payments two years after a-one-year grace period.
“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,” President Nana Akufo-Addo announced during a national address on Sunday evening.
However, only individuals and businesses within the food value chain can operate in the lockdown areas.
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