Connect with us

covid-19

This is how to apply for the CAP Business Support Scheme

Published

on

This is how to apply for the CAP Business Support Scheme – Eligibility criteria and requirements

Apply for the CAP Business Support Scheme: The National Board for Small Scale Industries (NBSSI), has outlined the categories of Micro, Small and Medium Enterprises (MSMEs), which qualify to benefit from the Coronavirus Alleviation Programme (CAP) Business Support Scheme.

MSMEs, which qualified for the CAP Business Support Scheme were micro-enterprises with one to five employees, small enterprises with six 29 employees and medium enterprises with 30 to 99 employees.

The CAP Business Support Scheme was launched on Tuesday, May 19 at the Jubilee House by President Nana Addo Dankwa Akufo-Addo, as part of measures to effectively manage the social and economic recovery of the country.

The Scheme has two products; Adom loans and Anidasuo loans

 

Apply for the CAP Business Support Scheme: CAP Business Support Scheme registration process


Eligibility Criteria for CAP Business Support Scheme


 

Follow CAP Business Support Scheme registration process below to apply for the announce Coronavirus stimulus package for businesses in Ghana

 

  • All MSMEs in the formal and informal sectors, affected by the economic downturn caused by the COVID-19 pandemic.
  • MSMEs in growth sectors who require additional capital to expand their business to meet the growing demand for COVID 19 pandemic-related goods and services can also apply.

The following target groups are encouraged to apply:

  • Women-owned businesses
  • Persons With Disability (PWDs)

The following groups are not eligible to apply:

  • Public sector businesses
  • Non-profit organizations

*For an applicant with more than one business, only one qualifies to access the loan under CAP Business Support Scheme.

Target sectors include:

  • Healthcare and Pharmaceuticals
  • Manufacturing
  • Agri-businesses and Agro-businesses – food and beverages incl.
  • Water and Sanitation/PPEs
  • Tourism and Hospitality
  • Education
  • Textiles and Garments
  • Commerce/Trade
  • Other Services

 

Minimum Eligibility Requirements For CAP Business Support Scheme


Might vary by Micro and Small and Medium Enterprises. Considering that the informal sector are usually Micro businesses:

  1. Micro, Small and Medium Enterprises (self- employed, limited liability, sole proprietorship, partnership, joint ventures)
  2. Must be located in Ghana
  3. Enterprises running for at least six months as at March 2020
  4. Registered businesses/enterprises – RGD/District Assembly (Micro/Informal)
  5. Tax Identification Number (TIN)
  6. Businesses/Enterprises that have been adversely impacted by COVID-19 and can show evidence of impact.
  7. Businesses/Enterprises that are producing goods or services that support the fight against COVID-19
  8. Member of an association, a trade group or registered with NBSSI
  9. Businesses with between 1 – 99 employees

Minimum Application Requirements

Might vary by Micro and Small and Medium Enterprises. Considering that the informal sector usually comprises of Micro businesses.

  1. Tax Identification Number (TIN) for all MSMEs
  2. ID Cards – Passport, Voter ID, and Driver’s License
  3. Passport Picture – Electronic/Hard Copy
  4. Annual Sales Information

 

The Application Steps


STEP 1

STEP 2

  • A Unique Reference Code will be sent to you via text (SMS) and email after registration.

STEP 3

  • Wait for a second notification via text (SMS) and email to continue with the application.

STEP 4

  • Use the Unique Reference Code received in Step 2 to continue with the loan application.

 

DEADLINE: Saturday, 20th June 2020.

Submit your stories or articles to us via WhatsApp +233 558210224 or info@accramail.com

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

African News

Over 1,000 reports on adverse effects of COVID-19 vaccines in Ghana received – GHS

Published

on

adverse effects of COVID-19 vaccines

Ghana Health Service GHS has received over 1000 reports on adverse effects of COVID-19 vaccines in Ghana so far

Adverse effects of COVID-19 vaccines: Extended Programme on Immunisation (EPI) of the Ghana Health Service (GHS) says it has received about 1,000 reports of adverse effects from persons vaccinated against the COVID-19 vaccine.

These are people vaccinated within 12 days of the first phase of the COVID-19 vaccination exercise.

Dr. Kwame Amponsa-Achino, the Programme Manager of the EPI, told the Ghana News Agency that the reactions and complaints received by his outfit and the Food and Drugs Authority (FDA) were fever, sweating, headache, weakness, chills, and body aches, which were all expected.

The Programme Manager said the reports were not different from reactions and adverse reports from other countries and what was stated by the manufacturer in the vaccine package information.

Dr. Amponsa-Achiano said the complaints were received mainly through the complaints call the number provided on the vaccination card, the Med App, and a complaints link provided by the FDA.

He said data showed that as of 1900 hours on Sunday, March 14, nearly 404,000 persons had taken their first jab of the COVID-19 vaccine from the 43 districts earmarked for the first phase.

Those vaccinated include front-line health workers, adults aged 60 years and above, and people with underlying health conditions such as diabetes, kidney diseases, hypertension, and cancer.

The others are frontline security personnel, frontline government officials, the media, and all frontline workers in the formal sector.

A total of 20 million Ghanaians are expected to be vaccinated against the virus, Dr. Amponsa-Achiano said, adding that females formed about 62 percent of the number vaccinated so far.

He said about 58,000 persons with underlying health conditions, 91,000 adults aged 60 years and above, about 68,000 health workers, 23,000 frontline security personnel, and more than 48,000 essential service providers had received their first jabs.

Similarly, more than 12,000 members of the Executive, Judiciary, and Legislature, and 60,000 teachers aged 60 and above, more than 3,000 media persons, and 72,000 ordinary persons had been vaccinated.

Dr. Amponsah-Achiano encouraged the public to keep adhering to the COVID-19 safety protocols by wearing a nose mask, observing social distancing, washing hands with soap under running water, or sanitize hands frequently.

Coronaviruses are a large group of viruses that are common among animals. In rare cases, they are what scientists call zoonotic, meaning they can be transmitted from animals to humans, according to the US Centers for Disease Control and Prevention.

It has an incubation period of four to six days and fatal, especially for those with a weakened immune system, the elderly, and the very young.

It could also result in pneumonia and bronchitis.

Submit your stories or articles to us via WhatsApp +233 558210224 or info@accramail.com

Continue Reading

covid-19

AUDIO:”There’s nothing free in this country, politicians are liars and can’t give you a thing” – Senyo Hosi

Published

on

"There’s nothing free in this country, politicians are liars and can't give you a thing" – Senyo Hos

“There’s nothing free in this country, politicians are liars and can’t give you a thing” – Senyo Hos


“There’s nothing free in this country, politicians are liars and can’t give you a thing” – Senyo Hosi; The CEO of the Ghana Chamber of Bulk Oil Distributors (CBOD), Senyo Hosi has told Ghanaians not to expect anything free in this country.

He has also accused politicians of lying and taking from Ghanaians.

According to him, the leaders of the country should not often tell the people of Ghana electricity prices have been subsidized, when in reality they haven’t.

“And then we just come here and start taxing petrol for sanitation. It’s the easiest thing you do.

“If you have problems with the power crisis, be honest with the people. Let the people know that you are not paying the right price for electricity.

His comments come after the Information Minister, Kojo Oppong Nkrumah on PM: Express Monday indicated that Ghanaians will have to pay for the free provision of water and electricity introduced by the government in 2020 as part of measures to curb the spread of the novel coronavirus.

“When we say free electricity it doesn’t mean that the IPP producer is also going to say because the President has said free electricity I won’t charge for it,” Kojo Oppong Nkrumah said.

But speaking on JoyNews’ Super Morning Show Tuesday, Mr. Hosi urged politicians to be transparent and brutally honest with Ghanaians regarding what it terms as being free.

“Don’t come and tell people that I’ve reduced electricity prices when you know you haven’t. There’s nothing free in this country. The politicians lie.

“They can’t give you a thing. They can only take from you. They can’t give you a thing. So be honest with the people. Stop telling them you’re giving them free stuff. How can I give you free with my right hand and collect two times or three times that much with my left hand? It is dishonest.”

Adding that, if the government incurred a shortfall of $1 billion in the electricity sector in 2020, why hasn’t the price of electricity is priced correctly?

“And then if you want to have a subsidy, go straight and let the public know that we are subsidizing electricity by so much.”

Moreover, the Finance and Economic policy analyst noted that the lack of servant leadership and misplaced priorities in our politicians is what is having an adverse effect on the economy.

“We’re sitting here. We’re not thinking of ways how to actually boost electricity demand. We’re thinking of how to buy V8. That is the conversation that you have.

“Do we look like people who really have a problem? If you’re in a country that is as broke as Ghana looks like today if you see me driving the car that I’m driving, shouldn’t. When I don’t have money, I don’t move that car,” he said.

Mr. Hosi urged the government not to burden Ghanaians with all these taxes it has come up with.

Meanwhile, in the 2021 budget statement, the new taxes and levies which have been introduced include; the financial sector clean-up levy, sanitation and pollution levy, Covid-19 health levy, and the energy sector recovery levy (Delta Fund).

 


source:myjoyonline

Submit your stories or articles to us via WhatsApp +233 558210224 or info@accramail.com

Continue Reading

covid-19

Ghanaians to pay 1% tax for Covid-19 reliefs enjoyed in order to fill economic gap – Oppong Nkrumah

Published

on

Ghanaians to pay 1% tax for Covid-19 reliefs enjoyed in order to fill economic gap – Oppong Nkrumah

Ghanaians to pay 1% tax for Covid-19 reliefs enjoyed in order to fill economic gap – Oppong Nkrumah


Ghanaians to pay 1% tax for Covid-19 reliefs enjoyed in order to fill economic gap ; Information Minister, Kojo Oppong Nkrumah has indicated that Ghanaians will have to pay for the free provision of water and electricity introduced by the government in 2020 as part of measures to curb the spread of the novel coronavirus.

President Akufo-Addo in April 2020, announced a free utility package for the vulnerable in the country to lessen the virus’s negative impact following a lockdown in Accra and Kumasi.

Again, Akufo-Addo in his 21st address to the nation said, “With the continuing difficulties occasioned by the pandemic, I want to state that government intends to continue to support the most vulnerable in our society.

“Government will, thus, continue to pay the electricity bills for our nation’s one million active lifeline customers for the next three months, i.e. January, February, and March.”

But speaking on PM: Express Monday, Mr. Nkrumah said “It was free to the people of Ghana at the time.”

According to him, the decision last year was because the pandemic was a looming crisis and the government had to improvise for the country’s well-being.

“When we say free electricity it doesn’t mean that the IPP producer is also going to say because the President has said free electricity I won’t charge for it.”

Speaking to Evans Mensah, Mr. Nkrumah said Ghana has spent about ¢19 billion on Covid-19 related issues and that includes the relief package on the utilities.

“But that 19 billion cedis have to be paid for at some point, the liabilities we have incurred have to be paid for,” he indicated Monday night.

“So I am going back to Ofoasi to explain to my people why we need to ensure that we all pay that 1% extra so that we can continue to provide those services for the people of Ghana to protect lives and livelihoods,” he said.

This, according to him, will help ameliorate the economy and bridge the gap between the country’s income and expenditure.

Mr. Oppong Nkrumah said the gap has been widened even further by Covid-19 adding that “we are at a point where you have to make a choice.”

He noted that there is a need to, “get our people collectively across the device to understand that at some point, we have to get out of this economic one-step-forward half-a step-back, sometimes one step forward, two steps backward conundrum in which we find ourselves.

“To do that, we cannot consistently borrow our way out of our problems, domestic resource mobilization has to be tweaked and it has to be done in a way that you can raise resources without overburdening the people.”

The Information Minister told JoyNews that “everything we consume in this country is paid for.”

“If not, we will arrive at that graph you showed us earlier where the gap keeps widening.”

According to him, the government’s decision to provide free utilities was a strategic choice made on behalf of Ghanaians.

He cited: “If we are at war and the government has to make a decision that we have to procure ABCDEFG to go war and win that war and does not necessarily task the population for it today and mobilizes for us to achieve it, it is well in order for the government when we have won the war or on a clear path to winning the war.”

He, therefore, observed that failure to introduce some tax components to solve the problem means “we will get to a point where our economy cannot pay for basic service debt, pay wedges and salaries and do things that prior to 2016 we found ourselves doing.”


source: myjoyonline

READ ALSO:

Meet Kojo Oppong Nkrumah’s beautiful Wife and Son

Meet Kojo Oppong Nkrumah’s Wife Akua Oppong Nkrumah; Kojo who doubles as a minister in charge of information and a member of parliament for Ofoase Ayirebi constituency and his wife have been married for 7 years.

They have two children; Ama and Kwame Oppong Nkrumah.

Kojo Oppong Nkrumah, 36, is regarded by many as one of the best journalists of his generation.

He is a proud alumnus of Pope John Senior High School and Minor Seminary and the University of Cape Coast.

Kojo Oppong Nkrumah worked for Multimedia Group for ten years, and quickly rose through the ranks to become the host of Joy FM’s Super Morning Show.

In 2014, he quit broadcasting to go into politics. He joined NPP and eventually won the Ofoase Ayirebi seat. He currently doubles as the Minister of Information…..

Submit your stories or articles to us via WhatsApp +233 558210224 or info@accramail.com

Continue Reading

Trending