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Allow for our members to disburse ¢600m stimulus bundle – GHASALC urges govt


The Ghana Association of Cost savings and Loans Corporations (GHASALC) urges the govt to enable its customers to disburse the ¢600m stimulus offer announced by President Akufo-Addo earlier this month.

Talking to JoyBusiness, Govt Secretary of the Association, Tweneboah Kodua stated the correct channel by which monies of these nature can access the focused teams is to endeavor an establishment that is properly-structured and has a database of more than six million consumers.

He claimed, “We are specialists in accomplishing business with SMEs in Ghana. It will also be in purchase for the federal government to require the Personal savings and Loans Corporations in the disbursement of the stimulus offer to assist SMEs. We have the buildings and it will also raise the liquidity place of the industry”.

The Executive Secretary indicated that their users have place in position steps to maintain the firms of their customers in these seeking moments. Between the initiatives getting rolled out was a reduction on interest rates and peace of financial loan conditions tailored to the demands of SMEs who are now servicing their loans.   

Addressing the nation on the development that has been built in the battle towards the coronavirus pandemic Sunday, April 5, 2020, President Akufo-Addo reported, “Government, in collaboration with the Countrywide Board for Compact Scale Industries (NBSSI), Small business & Trade Associations and selected Commercial and Rural Financial institutions, will roll out a tender personal loan scheme up to a full of six hundred million cedis (GH¢600 million), which will have a just one-calendar year moratorium and two-year reimbursement period for micro, little and medium scale firms.”                                                                                              


The association as section of their contribution in the direction of the battle in opposition to Covid-19 has donated assorted healthcare and sanitary things to the Ga East District Healthcare facility.

Acquiring the products, the Healthcare Superintended of the Ga East District Hospital Dr Ebenezer Oduro-Mensah expressed gratitude to the Ghana Association of Financial savings and Loans Providers for providing on their promise.

He said that the clinic as of the time of the donations had 192 cases below its treatment and anticipating more as the nationwide figures maintain increasing.

So considerably, Ghana has recorded 2,072 verified instances with 17 fatalities and 212 persons recovered.

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