The Concerned Youth of the National Democratic Congress, (NDC), has pooh-poohed government’s stimulus package to support businesses and industries in the country.
The National Board for Small Scale Industry is scheduled to disburse the stimulus package to industries from May 2020, but the situation looks bleak.
The Concerned Youth of the NDC has described the GHC600 million as paltry, especially comparing it to South Africa who is making available US$27 billion to support their economy.
According to a statement signed by Edem Adzogah, leader of the group, "former President John Dramani Mahama being a visionary leader would have made available GHC2 billion to support collapse businesses and industries because he understands the effect of the COVID-19 on the private sector”.
“If we are talking about industrialization, the Ex President John Mahama was ready to use the Ghana Exim Bank (GEXIM) to transform industries. What President Akufo-Addo is doing clearly depicts that he doesn’t have the private sector in mind, forgetting that the private is the engine of growth,” it said.
Chieftans in the private sector who are now complaining about the effect of the COVID-19 on their businesses say looking at the situation now the government could have done much better to the private sector.
According to the statement, the way Ex-President John Mahama had structured GEXIM before his exit, GEXIM could have been running a portfolio of not less than US$3 billion to transform industries in the country.
GEXIM bank currently gives support to the agro industry, the pharmaceutical companies, SMEs among others, but the desire for the sector has still not been realized.
The statement advised that GEXIM should consider issuing bonds on the international market to revamp the industries in the country, since it’s within its mandate to do that and stop paying lip services.
Source: Koshie Dzramado
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South Africa is in dumsor as l write where are they going to get the $27b to help the economy Please be truthful but listen to who is talking common chalk jam can't provide allowances he cant paid where is he coming with the $2b to support industries My ndc friends the man you call your presidential candidate is a ***barred word*** Nothing to offer build a factory before looking for raw material to feed the factory common sense
Who cares??? The ded goat can even descend into the gutters and distill them his time is passed because we are not going to fly on Airbus with an incompetent pilot 👩✈️ through Dumso to IMF anymore when babies with sharp teeth are on board to land us on Woyomey’s backyard. I know there could be Ford Expedition to take us by land but we will rather go with BUS 🚌 BRANDING driven by Ativor in the middle of Berko Power bribery crisis instigated by Government Official 1 so I decree like the Jews said never again to ndc.NDC YAAMUTU
bogus thinking from ndc, what would you have done better if your sorry party were to be in power mtcheeeeew
Eibeiii Kwesi Pratt. This is incorrect thinking. Two wrongs don't make right. We don't solve problems with fear. We address problems with commonsenseee and wisdom which we get from effort to educate peop;e. Great amount of problems in Ghana and Africa is the fear we instill in people. They lose self confidence and become dependent on others. The situation is worsened by the FAKKKE PASTORS who always put fear in people in order to make their church MEMBERS depended on them to be exploited. Fear, Kwesi, is not good. President Akuffo Addo has done very well in the fight against covid-19 because of his courage to take bold decisions when others are afraid to do so. He has become trailblazer in the fight against the global pandemic.
eii ndc
These my brodas from enclave of our region are still not weaned from vindictive and inward looking sense at all. Why? The man Mahama did not pump in the needed fund to bail out industries during the devastating 4 year Dumsor and you say what?
We have not forgotten the June 3 fire incident at the Kwame Nkrumah Circle. What did Mahama do as a President? Some of the victims have still not benefited from anything. Learn to appreciate the efforts of others where you failed miserably.