Applicants of the Coronavirus Alleviation Programme (CAP) business support have been asked to be cautious of persons who offer to register them on the scheme at a fee.

The National Board for Small Scale Industries (NBSSI), the fund manager, said although the registration for the CAP was free, some unscrupulous individuals were charging applicants before registering them on the scheme.

The statement said the facility came with an annual interest rate of three per cent, a one-year moratorium and a repayment term of between two and three years and administered to eligible businesses through some financial institutions and telecommunication companies.

It is unprecedented in Ghana's history, as it accounts for about 0.15 per cent of Gross Domestic Product (GDP) and 1.22 per cent of the projected tax revenue for 2020, oxygen for a nation gasping for breath from a Coronavirus pandemic that has hit the world hard and brought global economies to a standstill," it said.

"The hope is that this fund will benefit as many eligible businesses as possible, to ensure their survival, as well as that of households that depended on such businesses.