According to him, under the Presidential Support programme, one thousand, three hundred and fifty (1,350) start-ups and small businesses have benefitted from a special government business support programme. Beneficiaries received between ten thousand (GH¢10,000) and one hundred thousand Ghana cedis (GH¢100,000) each, at a special interest rate of 10%, instead of the average prevailing market rate of 26%.
This is designed to help grow and expand their businesses, and create about thirty thousand (30,000) direct jobs. Eighteen thousand (18,000) jobs have already been created under this programme. This is the first time in Ghana’s history that there has been a deliberate, systematic and coherent national support for start-ups and small businesses, President Akufo-Addo added.
He said, businesses which benefitted included agribusiness and agro-processing, information communication, technology, tourism recreation, sanitation and waste management, health, food and beverages, green and ecological businesses, sports and real estate
Already established businesses are also receiving help, with an amount of two hundred and thirty million Ghana cedis (GH¢230 million) being disbursed among sixteen (16) companies under the stimulus package. This has led to the creation of eight thousand, five hundred (8,500) to ten thousand (10,000) direct and indirect jobs, President Nana AddoDankwaAkufo-Addo concluded.