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Business News of Thursday, 20 May 1999

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East Gonja women groups received 105 million cedis loan

Salaga (Northern Region) 19 May ?99

About 43 women groups in the East Gonja district have received credit facilities amounting to 105 million cedis from the district assembly to either expand their businesses or start new income generating ventures.

An additional 80 million cedis will also be disbursed among 40 small-scale businessmen as part of the assembly's utilisation of this year's poverty alleviation fund.

Mr. Jerry Draman Jackson, the District Chief Executive who disclosed this to the GNA at Salaga on Tuesday said two fishing groups have received 30 million cedis to acquire fishing gear.

Mr Jackson advised the beneficiaries to invest the amount wisely and pay back in time to enable others to benefit.