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.
Again, the Ghana Water Company Ltd and the Electricity Company of Ghana have been directed to ensure the stable supply of water and electricity during this period. Also, there will be no disconnection of supply. Furthermore, Government will absorb the water bills for all Ghanaians for the next three months, i.e. April, May, and June. All water tankers, publicly and privately-owned, are also going to be mobilized to ensure the supply of water to all vulnerable communities.
This was announced by President Akufo-Addo in his fifth Nations Address in fight against Coronavirus.
He reiterated that Government is doing is intended to achieve five (5) key objectives – limit and stop the importation of the virus; contain its spread; provide adequate care for the sick; limit the impact of the virus on social and economic life, and inspire the expansion of our domestic capability and deepen our self-reliance.
Source: Mybrytfmonline/Kofi Atakora
