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Display transparency in disbursement modality for GH¢600m stimulus package for SMEs – Economist to federal government

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An economist at the College of Ghana Company University (UGBS) Prof Godfred Bokpin has urged the federal government to assure transparency ion the disbursement of the stimulus offer allocated for enterprises the country that have succumbed to the result of the novel coronavirus.

This will come amid concerns of the modalities to be adopted in the system to promote equity in the beneficiary chain.

President Akufo-Addo April 19, announced the allocation of a GH¢600 million stimulus package deal to modest and medium scale enterprises (SMEs) in May this year as section of initiatives to deal with the outcomes of the Covid-19 on the enterprise local community.

“Out of this volume, six hundred million cedis of aid is staying delivered to micro, smaller and medium-scale enterprises. I assume disbursements of the six hundred million cedis to start out in Could,” he said.

Some business owners and organizations have, considering the fact that the announcement of the advancement, been waiting around for the rollout of a conditions to entry the explained resources with some now skeptical as to the feasibility of the initiative.

Speaking on PM Express Tuesday, Prof Bokpin explained to JoyNews Wednesday that, “government would have to especially be a minor much more clear and bigger disclosure in conditions of the modality for assessing the Fund.

Describing the delays in the environment up of a conditions for the package as unfortunate, Prof Bokpin also named for the process to be accelerated to be certain that the offers access the beneficiaries as soon as feasible to avoid industries from folding up absolutely.

“I think that supplying exactly where we find ourselves, aid have to have s to arrive at the industries really quickly… Government would have to speed up,” he stated.

The stimulus package deal of GH¢600m varieties portion of the Coronavirus Alleviation Programme.

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