Movement for Change, has hinted of plans to establish a dedicated “Traders Bank” if their presidential candidate is elected in the December 7 2024 elections.
The proposed bank, according to the leaders of the Movement for Change, will be designed to support both micro and macro businesses across the country, with a particular focus on providing financial assistance to traders who form a significant part of Ghana’s economy.
Speaking on Ghanakoma morning show on Akoma 87.9FM in Kumasi with Sir John, on November 6, Alliance Partner for Movement for Change, Akwasi Addai Odike, reiterated their commitment towards the business community.
He said the initiative aims to address the longstanding challenges traders face in accessing affordable credit.
Odike stressed that the Traders Bank would offer low-interest loans to traders, making it easier for them to expand their businesses and improve their livelihoods.
He further explained that the bank would reduce the financial strain traders often encounter when dealing with traditional banks, which typically charge higher interest rates.
“The bank will be for you, and whatever loan amount you need will be granted. And because the bank belongs to you, the interest will be very low, allowing you to make a decent profit,” Odike stated.
The creation of the Traders Bank is expected to have a transformative effect on both the formal and informal sectors of the economy. Unlike other presidential candidates’ proposals, which focus on only women or general business environments, our Traders Bank promises direct financial empowerment for traders – men and women alike.
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By Benjamin Aidoo
Source:
3news.com
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