COVID-19 stimulus: Be careful of fraudsters – NBSSI


The National Board for Small Scale Industries (NBSSI) has asked the general public to be cautious of activities of fraudsters as small and medium scale enterprises apply for the stimulus package online.

President Nana Addo Dankwa Akufo-Addo on Tuesday May 19 launched the GHC1 billion Coronavirus Alleviation Programme Business Support Scheme. It is purposed to support Micro, Small and Medium Scale Enterprises following the outbreak of COVID-19.

In view of activities of fraudsters in the cyber space, the NBSSI in a caution note said: “Applicants are to be mindful of fraudsters registering people for at a fee.”

Meanwhile, the Executive Director of the NBSSI, Esi Kosi Yankey-Ayeh, has revealed that more players in the agriculture and agribusiness sector have applied for their share of the stimulus package than their colleagues in other sectors.

So far, she said, 1400 applicants have registered for the stimulus since the launch of the programme this week.

Ms Yankey-Ayeh said “As at the last time I checked, we have over 14000 applicants who have registered for the program, and are on the system.

“We have seen agriculture, agribusiness which is relatively high. We have also seen other services which is another sub-section and also private education.”

“The President promised May. We launched in May and we will ensure that the funds go out.

“We have set timelines for ourselves and targets for our people to get the funds so that they can utilize it and maximize its impact,” she told Citi FM.



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