A manifesto spokesperson on Trade, Industry and State Enterprises, for the National Democratic Congress (NDC) Kwame Awuah-Darko says when voted into power in December 2020, the party will set up Regional Development banks to harness economic opportunities.
In an interview on Voters’ Diary, he identified financing as a missing ingredient in Ghana’s trade and Industry sector.
“When it comes to Trade and Industry, one thing that we believe is missing is financing. We intend to put up development financial institutions and Regional development backs across the country to focus on harnessing the commercial opportunities that exist in the various regions.”
“Over the years we have not been completely able to harness our development opportunities because unfortunately, most capital formation that we have been aiming at as a country comes from external sources. We are not able to give Ghanaians capital to grow their businesses, and I am not referring to commercial banking loans or 90 days turn around etc., I am talking about development capitals, “he lamented.”
He added that the NDC through this initiative seeks to support small-scale businesses.
“Small-scale miners for example have not had the best of time over the last 4 years, we want to bring the production of gold by them to the fore.”
When asked how the party intends to fund the initiative should they be given the nod in December 2020, Mr. Awuah-Darko said the party will provide seed capital of 2 billion cedis annually into the development.
“We have seen the current government spend GHS 21 billion of our taxpayers money on collapsing bank, they call it banking sector reform. But the NDC government will provide seed capital of GHS 2 billion a year on seed capital for five years that is around GHS 10 billion to the Development. This is in our quest to drive the economy forward.”
NDC’s model for preparing manifesto the way to go – Awuah-Darko
An NDC manifesto spokesperson on Trade, Industry and State Enterprises, has stressed the uniqueness of the National Democratic Congress’ 2020 manifesto, which the party says is inspired by the needs of the average Ghanaian.
Speaking on The Point of View, Awuah-Darko described the NDC’s manifesto as the antidote to the critical challenges facing ordinary Ghanaians.
Mr. Awuah-Darko, is optimistic that the manifesto is capable of winning NDC power in the 2020 elections.
He feels this is the ideal module for a policy document.
The post NDC will set up Regional Development Banks to boost economy if elected – Awuah-Darko appeared first on Citinewsroom - Comprehensive News in Ghana.
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