$type=grid$count=4$tbg=rainbow$meta=0$snip=0$rm=0

MP urges more support for private sector to reduce import reliance

MP urges more support for private sector to reduce import reliance


The country needs to do more for the private sector by way of providing stimulus packages and incentives in order to reduce reliance on imports and to build a formidable economy post-COVID-19, the Member of Parliament for Afigya Sekyere East, Mavis Nkansah-Boadu, has suggested.

“A vibrant and well-incentivised private sector with value addition to our raw materials, which has been the focus of this government, should be the way forward in order for us to become self-reliant and the economy much more resilient to contain external shocks,” the MP said in a statement on the floor of Parliament this week.

Ms. Nkansah-Boadu, a member of the majority side of the House, said in light of the excellent efforts and foreseeable success in Ghana’s fight against Covid-19, the country should shift its focus from a vulnerable-self-insufficient-import-driven economy to a strong-self-sufficient-export-driven economy.

Although she commended government for the steps taken to revive adversely affected local businesses, she argued that “more needs to be done in that regard”.

Most Ghanaian businesses have been hit hard as a result of the coronavirus outbreak, and the government has rolled out key measures to mitigate the economic impact. Among them is the GH¢600m Coronavirus Alleviation Programme (CAP) business support scheme intended to support small and medium-scale enterprises (SMEs).

The fund is intended to provide relief to SMEs across the country that have been negatively affected by the fallout of the disease.

About 200,000 SMEs are expected to benefit from the fund by receiving low-interest loans to support their enterprises.

The Ghanaian economy is projected this year to experience its lowest economic growth since 1983, with real GDP forecast to increase by just 1.5 percent as a result of the coronavirus shock.

COMMENTS

Name

afro,5,Appietus,1,Awareness (Covid-19),1,Banky,1,Bra Alex,1,Business News,14,Due To Coronavirus,1,entertainment,4,Entertainment News,14,FoxBeatz,1,Free Fm,1,gh music,23,Ghana Music,5,gossip,1,hot gossip,1,Introduces new segment,1,Laud Stans,2,Let's Save The Game (The Beef Must End),1,lockdown,1,Medusa Ba Boy,1,Mepe Yesu,1,Micky Darling,1,Music Download,3,music downloads,6,Nana & Mahama,1,Nana Baffour,1,news,37,Niikoi,1,REQUEST,1,Rockiefilla,1,Samedi (Saturday),1,showbiz,1,Sports News,19,Stunner Bizzle,3,videos,4,Who's the best,1,Wizard Flow,1,WY-T,1,Yaw Berk,1,Yesuba Saafee,1,
ltr
item
SENTERTAINMENT : MP urges more support for private sector to reduce import reliance
MP urges more support for private sector to reduce import reliance
MP urges more support for private sector to reduce import reliance
https://1.bp.blogspot.com/-KGLiyHC7ke4/Xt5SPhk6xRI/AAAAAAAAAXE/uAA0dFpa8lsUgBM5ZCvz8r7FICTJxr4XgCLcBGAsYHQ/s1600/93158518.295.jpg
https://1.bp.blogspot.com/-KGLiyHC7ke4/Xt5SPhk6xRI/AAAAAAAAAXE/uAA0dFpa8lsUgBM5ZCvz8r7FICTJxr4XgCLcBGAsYHQ/s72-c/93158518.295.jpg
SENTERTAINMENT
https://www.sentertainmentonline.com/2020/06/mp-urges-more-support-for-private.html
https://www.sentertainmentonline.com/
https://www.sentertainmentonline.com/
https://www.sentertainmentonline.com/2020/06/mp-urges-more-support-for-private.html
true
5974741326317079693
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy