COVID-19: Over 2 million Ghanaians to become unemployed soon - NBSSI boss

- Kosi Antwiwaa Yankey, the Executive Director of the NBSSI, has predicted over 2 million Ghanaian workers could lose their jobs

- According to her, the impact of the coronavirus on Ghana's economy could lead to the job losses

- She, however, indicated that there is a Mastercard programme in place to support small and medium scale businesses

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The Executive Director of the National Board for Small Scale Industries (NBSSI), Kosi Antwiwaa Yankey, has predicted that over two million Ghanaians could soon lose their jobs.

According to Yankey, this is because of the impact of the coronavirus on Ghana’s formal and informal sector.

She, however, explained that the effect would be highly mitigated by the GHC90 million facility provided by her office in partnership with the Mastercard Foundation to support small and medium scale businesses in Ghana.

READ ALSO: Local businesses to manufacture gloves and other essentials - Akufo-Addo

Per a starrfm.com.gh report, Yankey argued that there are a lot of structural changes taking place in the formal economy and the idea behind the fund is to ensure that people keep their job.

She went on to say that the Mastercard programme is designed to help reduce the impact of the COVID-19 epidemic by helping people stay employed.

Meanwhile, the Ghana Employers Association (GEA) has assured Ghanaian workers of the unlikelihood of an employee losing a job due to the outbreak of the coronavirus.

According to the GEA, it does not expect its members to lay off workers to reduce the impact of the COVID-19 on businesses.

Its Chief Executive Officer (CEO), Alex Frimpong, explained that per the last discussions held on the matter, there are plans to cushion businesses against the impact of the epidemic.

He added that the last resort the GEA would fall on would be to lay off employees and for that reason, they are hopeful that measures implemented would yield desired results.

READ ALSO: Ghanaian businesses to enjoy a GHc1 billion stimulus package - Akufo-Addo

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Source: YEN.com.gh