President Nana Akufo-Addo will on Tuesday, May 19, launch the GHS600 million stimulus package to support Micro, Small and Medium Enterprises (MSMEs) that have been negatively affected by the COVID-19 pandemic.

The launch is expected to take place at the Jubilee house here in Accra.

President Akufo Addo,during his fifth televised address to the nation on Ghana’s COVID-19 fight, announced that the government, in collaboration with the National Board for Small Scale Industries NBSSI, Business & Trade Associations and selected Commercial and Rural Banks, would roll out a soft loan scheme up to a total of GHS600 million to cushion these businesses.

Dubbed,the Coronavirus Alleviation Programme (CAP) Business Support Scheme (CAP BuSS), the initiative is intended to provide soft loans to MSMEs in the country.

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