The Ghana National Chamber of Commerce and Industry (GNCCI) has demanded swift action in releasing the stimulus packages announced by government to distressed businesses.<\/p>\n
Government as part of plans to improve the business environment in the country, in 2017, began processes to\u00a0support businesses in distress through support packages.<\/p>\n
The Trade and Industry Ministry has announced that it has shortlisted about eighty companies to benefit from the support.<\/p>\n
However in an interview with\u00a0Citi Business News<\/strong>, the CEO of the Ghana National Chamber of Commerce, Mark Badu Aboagye said government has had ample time to process the stimulus packages and should be able to provide the shortlisted companies at least, within the first quarter of this year.<\/p>\n \u201cIt should be as quickly as possible, one year has passed so I mean the honeymoon period is over, so we need to quickly kick start all the programs that were clearly stated in this government’s manifesto and also in their last budget. The stimulus package as is made clear is for distressed but viable businesses\u201d.<\/p>\n He added that any further delay in the release of the packages may lead to a total collapse of the affected companies.<\/p>\n \u201cThe businesses are already distressed so you don\u2019t have to wait for long and let them collapse. So in 2018 we are expecting that whatever package they promised, it\u2019s going to be given to the identifiable business for them to also revamp their activities and start production and employ more people\u201d.<\/p>\n \u201cSo the stimulus package we can\u2019t delay any longer I think it\u2019s about time that they put all the things they have said into practice and how some of the businesses and industries will be established that\u2019s what we are looking for in 2018.\u201d<\/p>\n –<\/p>\n By: Anita Arthur\/citibusinessnews.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":" The Ghana National Chamber of Commerce and Industry (GNCCI) has demanded swift action in releasing the stimulus packages announced by government to distressed businesses. Government as part of plans to improve the business environment in the country, in 2017, began processes to\u00a0support businesses in distress through support packages. The Trade and Industry Ministry has announced […]<\/p>\n","protected":false},"author":14,"featured_media":384791,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,171,11],"tags":[],"yoast_head":"\n