Large businesses in Ghana to benefit from GHc1.2 billion stimulus package
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Large businesses in Ghana to benefit from GHc1.2 billion stimulus package

- The government is set to announce a GHc1.2 billion stimulus package for big businesses in Ghana

- The support is designed to assist such businesses in bouncing back following the outbreak of the coronavirus

- Details of the package, such as eligibility and duration, will be announced by Finance Minister, Ken Ofori-Atta

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YEN.com.gh understands that large businesses in Ghana will soon benefit from a GHc1.2 billion stimulus package.

Information available shows that details of the package will be announced by the Minister of Finance, Ken Ofori-Atta.

The package is expected to provide some form of relief to such businesses following the outbreak of the coronavirus.

Large businesses in Ghana to benefit from GHc1.2bn stimulus package

Ken Ofori-Atta, Minister of Finance Source: Bloomberg
Source: UGC

READ ALSO: Mid-year budget review: Sacked workers to enjoy temporary incomes

Per a report by graphic.com.gh, the scheme will be implemented as soon as possible.

It is expected that Ofori-Atta will outline the criteria for eligibility for businesses that wish to access the package.

It has been gathered that the GHc1.2 billion package is separate from an earlier GHc600 million being set aside for small and medium-scale businesses in Ghana.

YEN.com.gh earlier reported that Abdul-Malik Kweku Baako has faulted the Bank of Ghana (BoG) for collapsing three Ghanaian banks.

In his opinion, the collapse of uniBank, GN Bank, and Heritage Bank was not right and it is unfortunate the banks are no more.

Until their collapse, uniBank, which was later integrated into the Consolidated Bank, was owned by former finance minister, Kwabena Duffuor.

GN Bank was part of Groupe Nduom and was owned by Paa Kwesi Nduom, while Heritage Bank was owned by Seidu Adongo

READ ALSO: Mid-year budget review: Government will not fix economy overnight - Economist

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Source: Yen.com.gh

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