2020 CAPBuSS online Application
The Coronavirus Alleviation Programme (CAP) Business Support Scheme is a Government of Ghana initiative to support MSMEs in Ghana
Coronavirus Alleviation Programme (CAP) Business Support Scheme Eligibility Criteria
- All MSMEs in the formal and informal sectors, affected by the economic downturn caused by the COVID-19 pandemic.
- MSMEs in growth sectors who require additional capital to expand their business to meet the growing demand for COVID 19 pandemic-related goods and services can also apply.
The following target groups are encouraged to apply:
- Women-owned businesses
- Persons With Disability (PWDs)
The following groups are not eligible to apply:
- Public sector businesses
- Non-profit organizations
*For an applicant with more than one business, only one qualifies to access the loan under CAP Business Support Scheme.
Target sectors include:
- Healthcare and Pharmaceuticals
- Agri-businesses and Agro-businesses – food and beverages incl.
- Water and Sanitation/PPEs
- Tourism and Hospitality
- Textiles and Garments
- Other Services
Coronavirus Alleviation Programme (CAP) Business Support Scheme Eligibility Requirements
Minimum Eligibility Requirements
Might vary by Micro and Small and Medium Enterprises. Considering that the informal sector are usually Micro businesses:
- Micro, Small and Medium Enterprises (self- employed, limited liability, sole proprietorship, partnership, joint ventures)
- Must be located in Ghana
- Enterprises running for at least six months as at March 2020
- Registered businesses/enterprises – RGD/District Assembly (Micro/Informal)
- Tax Identification Number (TIN)
- Businesses/Enterprises that have been adversely impacted by COVID-19 and can show evidence of impact.
- Businesses/Enterprises that are producing goods or services that support the fight against COVID-19
- Member of an association, a trade group or registered with NBSSI
- Businesses with between 1 – 99 employees
Might vary by Micro and Small and Medium Enterprises. Considering that the informal sector usually comprises of Micro businesses.
- Tax Identification Number (TIN) for all MSMEs
- ID Cards – Passport, Voter ID, and Driver’s License
- Passport Picture – Electronic/Hard Copy
- Annual Sales Information
4 Easy Steps to Apply for CAP BuSS
Eligible candidates can register via our web portal, phone 0302747777, our BACs, or dial *718*555#.
A Unique Reference Code will be sent to you via text (SMS) and email after registration.
Wait for a second notification via text (SMS) and email to continue with the application.
Use the Unique Reference Code received in Step 2 to continue with the loan application.
Details For Coronavirus Alleviation Programme (CAP) Business Support Scheme
The Government of Ghana established the Coronavirus Alleviation Programme (CAP), as part of measures to effectively manage social and economic recovery in Ghana. An amount of GH¢1.2 Billion was allocated towards the implementation of the Programme.
In a nationwide address on Sunday, 5th April 2020, the President, His Excellency Nana Addo Dankwa Akufo-Addo announced, “Government, in collaboration with the National Board for Small Scale Industries (NBSSI), Business & Trade Associations and selected Commercial and Rural Banks, will roll out a soft loan scheme up to a total of Six Hundred Million Cedis (GH¢600 million), which will have a one-year moratorium and two-year repayment period for micro, small and medium scale businesses.”
NBSSI is a governmental agency under the Ministry of Trade and Industry with the institutional mandate to promote and develop Micro Small and Medium Enterprises (MSMEs) in Ghana. It has a strong presence in 178 districts in Ghana.
Many MSMEs in Ghana have been adversely impacted by the Pandemic. These businesses are believed to contribute about 70% to Ghana’s Gross Domestic Product (GDP) and account for about 92% of businesses in Ghana (ISSER – University of Ghana, 2015).