NBSSI will be fair in distribution of GHS600m stimulus –Executive Director

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The National Board for Small Scale Industries (NBSSI), will be fair in the distribution of the GHS600million to small and medium scale enterprises (SMEs) to ease the pressure on them following the COVID-19 outbreak, Kosi Yankey-Ayeh, Executive Director of NBSSI, has assured the general public.

She said explained that external auditors will be engaged to audit the disbursements to ensure transparency in the exercise.

Several people including the CEO of Dalex Finance Mr Ken Thompson have said the NBSSI package is too political to handle this assignment,

Mr Thompson suggested that the money should rather be given to financial institutions to handle and not the NBSSI.

He told local television channel TV3 Monday May 11 that: “It suffers from the legacy of politics, it suffers from money going out and not being able to account because it was done on political basis.

“Why are we not working with the associations of non-bank financials? I have a problem with that.”

But speaking on the Sunrise Show on 3FM Thursday May 14, Ms Ayeh told show host Alfred Ocansey that : “ I can assure that there will be no partisan politics in this and the reason why we say that is that this is open and that is why we brought technology in.

“There will be external auditors as well. We don’t even know the beneficiaries, it is open so let us allow people to apply. What I challenge people to do is to actually show up with the data that is needed and fill the right data.”

She added : “People ask why NBSSI in this. NBSSI we have been doing this for a long time but nobody has talked about politics but now that people see or hear of it then they assume.

“They are only assuming but let us not make the assumption. We have 178 offices in 178 districts called business advisory centres, we are in almost all the sixteen regional capitals, we provide the service, we have been doing it.

“For the past three years we have actually facilitated up to GHS45 million, we have support a 100,000+ people build their capacity nut no one has said it is political.”

Source: Laudbusiness.com/Ghana

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