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Exhibit transparency in disbursement of ¢600m stimulus deal for SMEs – Economist to authorities

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An economist at the College of Ghana Business enterprise University (UGBS) has urged authorities to ensure transparency in the disbursement of stimulus package allocated for organizations.

Prof Godfred Bokpin claimed government would have to be a minor much more transparent and guarantee larger disclosure in phrases of the modality for assessing the Fund.

The offer comes amid considerations of the modalities to be adopted in the process to encourage fairness in the beneficiary chain as organization endure the effects of the novel coronavirus pandemic.

President Akufo-Addo on April 19, announced the allocation of a ¢600 million stimulus package to little and medium scale enterprises (SMEs) this thirty day period as component of efforts to offer with the consequences of the Covid-19 on the organization group.

Some business people and firms have, because the announcement of the progress, been waiting around for the rollout of a conditions to obtain the explained money with some previously skeptical as to the feasibility of the initiative.

Speaking on PM Convey Tuesday, Prof Bokpin advised JoyNews Wednesday that, “Out of this quantity, ¢600 million cedis of aid is staying furnished to micro, modest and medium-scale companies. I expect disbursements of the revenue to commence in May,” he stated.

Describing the delays in the environment up of requirements for the bundle as unfortunate, he also wants the process to be accelerated to ensure that the offers get to the beneficiaries as quickly as attainable to stop industries from folding up completely.

“I imagine that specified the place we discover ourselves, help need s to access the industries extremely quickly…Government would have to velocity up,” he explained.

The stimulus package kinds section of the Coronavirus Alleviation Programme.



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