The Ghana Union of Traders Association (GUTA) has appealed to the government to set up a committee to spearhead the distribution of GH¢600 million stimulus package meant to cushion Small and medium sized enterprises (SMEs)
The Association has said in a statement that the stimulus package, as is being communicated to them, is very confusing and not directed to the intended target, threshold, adequacy of the fund and modalities of the disbursement.
In an exclusive interview with Univers News, National Welfare Officer for GUTA, Benjamin Yeboah added that the Association is looking forward to seeing some modalities put on paper and want the Health Minister to deliver on his promises.
“We want to see whoever is in charge, we want to know the real targeted group, whatever money that will be allocated to that targeted group and also to ensure that we’re part of every step. So yes we want to see modalities put on paper, we want to see [modalities] that will include some of our proposals,” he said.
He also called on the Ministry of Trade and Industry and the Ministry of Finance to resolve all outstanding issues with the Association before going ahead with the disbursement of the funds.
“We were told it be done from May, which we are in and whatever it is we’ve made our grievances heard and we expect that we [GUTA], Ministry of Trade and the Finance Ministry will be able to sit down and iron out everything so that we can move in successfully.”
The Ghana Union of Traders Association (GUTA) last month called for broader stakeholder consultation on the utilisation of the GHS600 million soft loan scheme for micro, small and medium scale businesses affected by the novel coronavirus pandemic.
The National Board for Small Scale Industries has indicated that 200,000 businesses are in line to benefit from the package.
Following the outbreak of COVID-19 in Ghana and the subsequent ban on public gatherings, most businesses in major economic hubs have seen a massive downturn in activity.
The government subsequently announced a GHS600 million soft loan scheme to cushion businesses affected by COVID-19 beginning this month, May.
Story by: Khadijah Abdul Latif | universnewsroom.com