Business News of Friday, 21 August 2020Source: www.ghanaweb.comDon’t try to expand in coronavirus era – NBSSI boss advises businessesChief Executive of NBSSI, Kosi Yankey-AyehBusiness owners have been advised against trying to expand their enterprises with funds from the Coronavirus Alleviation Programme (CAP), but rather use it to cushion their businesses against the adverse effects of the pandemic. Kosi Yankey-Ayeh made the remarks during a webinar organised by Ecobank Ghana Limited on Friday, August 21, 2020. Ms Yankey-Ayeh also said the NBSSI has been working closely with Associations trying to use their data to separate the genuine businesses from the others. About 64,196 micro, small and medium-sized enterprises (MSMEs) have so far received their share of the special CAP fund set up by the government. The beneficiaries, who were selected out of the 715,795 applications, received an average of GH¢889.80 under what is known as the Adom Micro Soft Loans for micro-enterprises for the GH¢1 billion CAP business support scheme.

Source: GhanaWeb August 21, 2020 18:56 UTC