Business News of Saturday, 5 October 2024

Source: www.ghanaweb.com

Alan Kyerematen to overhaul premix fuel distribution system for fair access – KOD assures

Alan Kyerematen's running mate, Kwame Owusu Danso (KOD) Alan Kyerematen's running mate, Kwame Owusu Danso (KOD)

The running mate of Alan Kyerematen and a key figure in the Afrafranto Alliance, Kwame Owusu Danso (KOD), has pledged to transform Ghana’s fishing and trading sectors under the Great Transformational Plan (GTP).

Speaking in an interview on Benya FM in Elmina, KOD outlined key policies that promise to significantly improve the livelihoods of traders and fisherfolk across the country.

Among the most exciting announcements was the creation of the Traders Bank, a specialized financial institution aimed at providing much-needed support for Ghanaian traders.

KOD explained that the government would provide seed capital for the bank, but its ownership and management would rest with the traders themselves.

“This is not just a bank for traders but a bank owned and run by traders. This will enable them to access affordable loans to grow their businesses without being burdened by high interest rates,” KOD said.

KOD also addressed the longstanding issue of premix fuel shortages, criticizing the current system where political influence often determines access.

He firmly stated that, under Alan Kyerematen's presidency, this unfair distribution system would be restructured.

“Premix fuel shortages and party executives monopolizing distribution will be a thing of the past.

“As an oil-producing nation, Ghana has no excuse for importing premix fuel. We will produce it locally to ensure it's both affordable and available,” he said.

The unfairness in premix fuel allocation based on political affiliation was another issue KOD tackled head-on.

He condemned the practice where non-party members are often sidelined in fuel distribution and promised that this discrimination would end.

“Fisherfolk will no longer be judged by their political ties. Everyone will have equal access to premix fuel, regardless of their party affiliation,” KOD promised.

Beyond fuel reforms, KOD also highlighted Alan Kyerematen’s commitment to easing the financial burden on fisherfolk by introducing a work-and-pay system for outboard motors.

This initiative will allow fishermen to acquire the equipment they need to improve productivity without facing overwhelming upfront costs.

“We will ensure that outboard motors are accessible to all, with a payment system that works for them,” KOD added.

KOD further unveiled a major initiative aimed at transforming agriculture in the KEEA Constituency, with a particular focus on fruit production.

He pledged the construction of a fruit processing factory in the area to create jobs for the youth and boost economic growth.

“KEEA’s fertile lands have huge potential, and we will unlock this by establishing a fruit processing plant right here in Elmina,” KOD stated.

The running mate also introduced the Ghana Rural Aged Support Program (GRASP), a new policy that will provide financial assistance to elderly citizens in rural communities.

Under the GRASP initiative, elderly individuals would receive 200 cedis a month to support their livelihood.

“Our elderly have given so much to this country, and it's time we give back to them,” KOD said, underscoring the Afrafranto Alliance’s commitment to supporting the vulnerable.

In addition, KOD introduced the Mother-Child Support Scheme, a program designed to assist parents in raising their children.

The scheme will offer financial assistance to parents from childbirth until their children reach the age of 15, ensuring that financial hardship doesn’t derail a child’s future.

“Raising children shouldn’t come at the cost of a parent’s dreams. We are here to help and when we reduce corruption we can fund it,” KOD remarked.

KOD’s radio interview painted a picture of a future where Alan Kyerematen’s leadership prioritizes the welfare of ordinary Ghanaians, from fisherfolk and traders to farmers and the elderly.

His proposals have energized the Afrafranto Alliance’s campaign, positioning it as a major force in the 2024 elections.

ID/AE