Beneficiaries were paid through NIB accounts – NEIP clarifies

The National Entrepreneurship and Innovation Plan (NEIP) says 95 percent of beneficiaries of government’s business Programme received their cash through their bank accounts with the National Investment Bank (NIB).

This means that, publications claiming the NEIP issued fake cheques to the over 1,350 entrepreneurs to promote their businesses are false.

The Ministry of Business Development and the NEIP have been accused of issuing dud cheques to beneficiaries of the business programme during the launch of the Presidential Business Support Programme in the three Northern regions by Vice President, Dr. Mahamudu Bawumia.

In a statement, the National Entrepreneurship and Innovation Plan described the reports as “a malicious publication attempting to ridicule government’s support to over 1,350 entrepreneurs who are being funded as part of effort to promote business development and support for start-ups in the country”.

The statement categorically explains that beneficiaries of the programme were not paid with cheques but were only asked during the launching of the Presidential Business Support Programme, to hold “ceremonial” cheques representing the amount they will receive.

The general public has, therefore been urged to disregard the false publication which, the NEIP believes is an “attempt by individuals with evil agenda to bring the name of the Vice President, NEIP and the Ministry into disrepute”.

Read NEIP’s statement below

12/10/2018

For Immediate Release

RE: NEIP ISSUED FAKE CHEQUES TO BENEFICIARIES

The attention of the National Entrepreneurship and Innovation Plan-NEIP has been drawn to a malicious publication attempting to ridicule government’s support to over 1,350 entrepreneurs who are being funded as part of effort to promote business development and support for start-ups in the country.

The publication which has been sighted on social media and blogs alleged that the Ministry of Business Development and it’s implementing agency, National Entrepreneurship and Innovation Plan-NEIP issued fake cheques to beneficiaries of the NEIP business Programme in the three Northern regions of the country when the Vice President H. E Alhaji Mahamudu Bawumia held a ceremony to launch the Presidential Business Support Programme.

We want to state categorically that, nowhere did NEIP or the ministry issued fake cheques to beneficiaries.

In fact over 95% of beneficiaries have received their funding through an account they opened with National Investment Bank (NIB).

As a matter of fact, the only time cheques were introduced was during the launching of the Presidential Business Support Programme where beneficiaries were asked to hold cheques to represent the amount they will receive. This was done just for the ceremony.

We see the false publication as an attempt by individuals with evil agenda to bring the name of the Vice President, NEIP and the Ministry into disrepute. We want to re-emphasize that over 95% of beneficiaries have received their funding through their bank accounts and have called to confirm receiving the funding and are very happy that the support will go a long way to help their businesses.

We are therefore urging the public to disregard these malicious publications and treat it with the contempt it deserve.

NEIP, for that matter the Government assures the general public of continues commitment to provide an eco-system that encourages entrepreneurship and business development in Ghana.

Thank You

Issued by

Joseph Osei Oppong- Brenya

Head of ICT/Media Relations, NEIP