Former President and flagbearer of the National Democratic Congress (NDC) , John Dramani Mahama, has promised a detailed plan to stimulate Ghana’s ailing economy.
He says among others, his government would implement among others, the proposed Women’s Bank and 24-hour Economy policies and improve road infrastructure to promote economic growth.
Mr. Mahama said this to a charged crowd of traders and residents who gathered at the Ho Central Market at a mini rally during his #Mahama4Change2024 campaign tour of the Volta Region.
“Even though we know that I am going to meet a mess, we have some plans that will stimulate the economy especially in the Volta Region. One of them is the Women’s Bank. Eye Zu!! There will be a branch in this Ho Market. Eye Zu!! Eye Za!!
“And so our mothers and our sisters who are doing business here, when you make small money, you will go and put it in the women’s bank. And anytime you need a loan, you need a thousand cedis, you need two thousand cedis, you need five hundred cedis, you go to the women’s bank, they will give it to you at low interest rates”, he explained.
He outlined the construction of a modern market in Aflao to provide a befitting place of trade for residents and enhance business activities in the border community.
He highlighted the upgrading of the Ho-Dzodze-Aflao road to a first-class road to promote trade and commerce to ameliorate the local economy of the Volta Region.
“Eye Zu!! Eye Za!! What I am saying is we will build a modern market in Aflao, there is already a modern market in Ho, what is left is the Ho-Dzodze-Aflao road. We will repair it so that the two markets will be linked up.
“People will come from Aflao and come and take goods from here. Our mothers here will go to Aflao and bring goods here and that will also link up with Lome Asigame and so it will create prosperity in this corridor”, he said.
Mr. Mahama said that the 24-hour Economy Policy would create jobs as a system would be implemented to ensure companies run shifts, which he termed formula 1:3:3.
“You know the formula for the 24-hour economy, it is 1:3:3, it means one job, three people, three shifts because if we go to work at 8 and close at 5, that is 8 hours working per day, it will take us 50 years to be able to turn this economy around. If people are walking, we must be running.
“And that is why we are going to give incentives to all those who are capable of extending their working hours. We will give them tax incentives, we will give them security and safety, we will improve the transport system so that people can go and work at night so that more of our young people can get employment under the 24-hour economy”, he explained.
Source: adomonline.com
