Wednesday, October 28, 2020
Home BREAKING NEWS Gov’t is giving credit support to businesses not individuals – Information Minister

Gov’t is giving credit support to businesses not individuals – Information Minister

Minister for Information Kojo Oppong Nkrumah has clarified the government of Ghana’s initiative of giving out some cash loans is to support businesses and not individuals.

He said this while speaking on Beyond the Lockdown on JoyNews on Sunday, 31st May 2020. There have been several issues and misunderstanding regarding the cash loans government is giving out in the last few weeks and many citizens are outraged with anger on how it is becoming difficult for them to access the loan.

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According to a cross-section of Ghanaians, the process involved in acquiring the loan is cumbersome and also stressful, which makes it difficult for the “uneducated ” to access it.

“We don’t know if the loans the president spoke about is for all or it’s for just some few people, this is because we are not able to access the process and when we visit their offices too we don’t get the right feedbacks”…they noted.

Addressing a question on the subject matter, the Information Minister Oppong Nkrumah said states that, the president is not giving out loans to individuals but rather businesses who have somehow been affected by the outbreak of the COVID-19, to help them revamp their businesses and loses.

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BACKGROUND

The president of the Republic of Ghana, Nana Akufo-Addo stated in his last address on the COVID-19 cases on 10thMay 2020 while addressing case no.9 that, the government was going to issue out cash loans to support businesses who have been badly hit by the outbreak of the pandemic.

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This announcement was made as part of the many issues the president touched on while addressing the nation.

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However, the President is expected to address the nation on Sunday 31st May 2020 on case no.10. He is expected to speak on whether or not schools will be reopened in the coming days and months.

 

By Amos Ekow Coffie

@amosekowcoffie

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