Question
In: Economics
The President of Ghana launched the COVID-19 business alleviation program in collaboration with the National Board...
The President of Ghana launched the COVID-19 business
alleviation program in collaboration with the National Board for
Small Scale Industries (NBSSI), Trade Associations, and some
selected banks. Under the program, the government is giving funds
without interest to selected financial institutions for onward
lending to businesses at a 3% interest. The program is aimed at
helping beneficiaries to sustain their businesses during the
Covid-19 pandemic. Use this information to answer the following
questions.
a. Explain in your own words, the monetary policy tool being used
by the government under this program.
b. If the government had pegged the interest rate under the program
at the monetary policy rate, will this have been a better way of
setting the rate? Explain the advantages and disadvantages of each
scenario. (7.5 Marks)
c. Explain the expected impact of the low-interest rate program on
gross domestic product (GDP), articulating the possible pathways.
(7.5 Marks)
Solutions
Rahul Sunny answered 1 year agoRelated Solutions
The President of Ghana launched the COVID-19 business alleviation program in collaboration with the National Board...
The President of Ghana launched the COVID-19 business
alleviation program in collaboration with the National Board for
Small Scale Industries (NBSSI), Trade Associations, and some
selected banks. Under the program, the government is giving funds
without interest to selected financial institutions for onward
lending to businesses at a 3% interest. The program is aimed at
helping beneficiaries to sustain their businesses during the
Covid-19 pandemic. Use this information to answer the following
questions.
a. Explain in your own words, the...
The President of Ghana launched the COVID-19 business alleviation program in collaboration with the National Board...
The President of Ghana launched the COVID-19 business
alleviation program in collaboration with the National Board for
Small Scale Industries (NBSSI), Trade Associations, and some
selected banks. Under the program, the government is giving funds
without interest to selected financial institutions for onward
lending to businesses at a 3% interest. The program is aimed at
helping beneficiaries to sustain their businesses during the
Covid-19 pandemic. Use this information to answer the following
questions.
a. Explain in your own words, the...
The President of Ghana launched the COVID-19 business alleviation program in collaboration with the National Board...
The President of Ghana launched the COVID-19 business
alleviation program in collaboration with the National Board for
Small scale industries, Trade associations and some banks. Under
the programme the government is giving funds without interest to
selected financial institutions for onward lending t businesses at
a 3% interest. The program is aimed at helping beneficiaries to
sustain their businesses during the COVID-19 pandemic.
a) Explain in your own words the monetary policy tool being used
by the government under this...
The President of Ghana launched the COVID-19 business alleviation program in collaboration with the National Board...
The President of Ghana launched the COVID-19 business
alleviation program in collaboration with the National Board for
Small Scale Industries (NBSSI), Trade Associations, and some
selected banks. Under the program, the government is giving funds
without interest to selected financial institutions for onward
lending to businesses at a 3% interest. The program is aimed at
helping beneficiaries to sustain their businesses during the
Covid-19 pandemic. Use this information to answer the following
questions.
a. Explain in your own words, the...
The President of Ghana launched the COVID-19 business alleviation program in the collaboration with the National...
The President of Ghana launched the COVID-19 business
alleviation program in the collaboration with the National Board
for Small Scale Industries (NBSSI), Trade Associations, and some
selected banks. Under the program, the government is giving funds
without interest to selected financial institution for onward
lending to businesses at a rate a 3% interest. The program is aimed
at helping beneficiaries to sustain their business during COVID-19
pandemic. Use this information to answer the following
questions.
a) Explain in your own...
Question Two (20 Marks) The President of Ghana launched the COVID-19 business alleviation program in collaboration...
Question Two The President of Ghana launched the
COVID-19 business alleviation program in collaboration with the
National Board for Small Scale Industries (NBSSI), Trade
Associations, and some selected banks. Under the program, the
government is giving funds without interest to selected financial
institutions for onward lending to businesses at a 3% interest. The
program is aimed at helping beneficiaries to sustain their
businesses during the Covid-19 pandemic. Use this information to
answer the following questions.
a. Explain in your own...
The Senator of USA launched the COVID-19 business alleviation program in collaboration with the Small Scale...
The Senator of USA
launched the COVID-19 business alleviation program in collaboration
with the Small Scale Business, Trade Associations, and some
selected banks. Under the program, tthe senator is giving funds
without interest to selected financial institutions for onward
lending to businesses at a 3% interest. The program is aimed at
helping beneficiaries to sustain their businesses during the
Covid-19 pandemic. Use this information to answer the following
questions.
Explain in your own words, the monetary policy tool being used...
The President of Ghana, Nana Addo Dankwa Akufo-Addo, has been at the forefront of Ghana’s COVID-19...
The
President of Ghana, Nana Addo Dankwa Akufo-Addo, has been at the
forefront of Ghana’s COVID-19 battle. Identify and explain how he
has used the central and peripheral routes to persuasion in his
presidential addresses to the nation
The President, Nana Addo Dankwa Akufo-Addo on 19th May 2020 launched a GH¢600 million Coronavirus Alleviation...
The President, Nana Addo Dankwa Akufo-Addo on 19th May
2020 launched a GH¢600
million Coronavirus Alleviation Programme (CAP) business support
scheme intended to
support small and medium-scale enterprises (SMEs) impacted by the
novel coronavirus
(COVID-19). The fund is intended to provide relief to SMEs across
the country that has
been negatively affected by the disease. In not more than two
pages, critically evaluate
the strength and weakness associated with small and medium-scale
enterprises (SMEs)
in your locality citing a relevant...
QUESTION THREE Ghana recorded its first Covid-19 case in March, 2020. The outbreak of the Covid-19...
QUESTION THREE
Ghana recorded its first Covid-19 case in March, 2020. The outbreak
of the Covid-19 Pandemic in Ghana has affected the various sectors
of the Ghanaian economy in many ways. The Government of Ghana has
requested the businesses in the industry your business operates to
submit a business plan for financial support.
Required:
Describe the elements of a solid business plan you will submit to
Government of Ghana.
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