How to apply for Government’s Coronavirus Stimulus Package for businesses and individuals

About Government Coronavirus Stimulus Package

In the wake of the COVID-19 pandemic, governments across the globe have launched various stimulus packages to support businesses and individuals affected by the economic fallout of the pandemic. Ghana is no exception, as the government has announced a stimulus package to provide low interest loans to eligible businesses and individuals. In this article, we will discuss the criteria and eligibility for the government’s coronavirus stimulus package in Ghana.

Criteria and Eligibility for the Government Coronavirus Stimulus Package

To qualify for the government’s coronavirus stimulus package, businesses and individuals must meet the following criteria:

1. Belong to a Recognised Trade Group/Union
   To qualify for the loan, you or your business should belong to a recognized trade group or union. This is to ensure that the loan goes to businesses and individuals who are actively engaged in their respective fields.
2. Registered as a Taxpayer with a Valid Tax Identification Number (TIN)
   You or your business should be registered as a taxpayer with a valid Tax Identification Number (TIN). This is to ensure that the loan goes to businesses and individuals who are compliant with tax laws.
3. Have a Working Bank Account or Mobile Money Wallet
   You or your business should have a working bank account or mobile money wallet. This is to ensure that the loan can be disbursed efficiently to businesses and individuals.
4. Operating in the Following Areas
   Your business should be operating in one of the following areas:

• 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

How to Apply for Government’s Coronavirus Stimulus Package for Businesses and Individuals

If you meet the above criteria and are interested in applying for the government’s coronavirus stimulus package, follow the steps below:

1. Check the Stated Criteria Above and Make Sure You Meet All the Stated Criteria
   Before applying for the loan, ensure that you meet all the stated criteria above.
2. Call 0302747777
   You can call 0302747777 to begin your loan application process.
3. Visit Any of the NBSSI Business Resource Centers
   You can also visit any of the NBSSI Business Resource Centers to begin your loan application process.
4. Visit the National Board for Small Scale Industries (NBSSI) Website
   You can visit the National Board for Small Scale Industries (NBSSI) website to begin your loan application process. Note that application/registration through the NBSSI is not yet enabled so use the aforementioned medium.
5. Answer All Questions for Your Business or Individual Information to Be Taken for Processing
   Once you have initiated your loan application, you will be asked to answer questions about your business or individual information.
6. Receive Your Unique Reference Code via Text Message and Email
   After the information gathering process, you will be provided with a Unique Reference Code via text message and email.
7. Receive Text Message to Continue Loan Application
   After receiving your Unique Reference Code, you will receive another text message to give you the go-ahead to continue with your loan application.
8. Use Your Unique Reference Code to Continue with Loan Application
   You can then use the received Unique Reference Code to continue with your loan application.

Conclusion

The government’s coronavirus stimulus package is a welcome relief to businesses and individuals affected by the economic fallout of the pandemic. By meeting the stated criteria and following the application process, eligible businesses and individuals can access low interest loans to support their businesses and livelihoods.

SOURCE: Coverghana.com.gh