COVID-19: NBSSI cautions businesses against middlemen towards accessing stimulus package

by Business Zone

The National Board for Small Scale Industries (NBSSI) has warned the public against fraudsters and middlemen parading as Business Advisory Service staff for accessing government’s COVID-19 stimulus package.

The NBSSI disclosed that some corrupt persons are duping unsuspecting business owners by collecting money from them under the guise of registering to access the government’s GHc600 million stimulus package.

The caution was against reports that some applicants of the loan are being charged between GHc200 and GHc250 to access the money announced by the government to mitigate the plight of business owners whose operations have been affected by the COVID-19 pandemic.

But Deputy Director for the NBSSI, Anna Armo-Himbson, said the application process for the Coronaravirus Alleviation Program (CAP) is free of charge

She hinted that the security agencies have been informed about the operations of the perpetrators and will be swiftly prosecuted once arrested.

Out of the GHc1.2 billion earmarked for this Programme, GHc600 million will be disbursed as soft loans to Micro Small Medium Scale Enterprises, with a one-year moratorium and a two-year repayment plan.

Government itself has noted that major requirements to be ssatified by SMEs in order to access the loan includes; the said  business or the individual must first be associated with a recognised trade group, have a Tax Identification Number (TIN) and also own either a bank account or a mobile money account.

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