Mahama slashes borrowing costs for small biz

President Mahama promised businesses that his government would make loans cheaper through credit reforms and blended finance tools. This will help grow the economy and strengthen companies across Ghana. The president also plans to change the financial sector from just serving government borrowing to helping real businesses thrive. He made these promises at the Second Kwahu Business Forum held in Mpraeso.

This business gathering brings together entrepreneurs, business leaders, investors, and start-ups to share ideas and find ways to raise money. The president created this forum to help expand private business in Ghana, especially in food processing and manufacturing areas. He announced plans for a national venture capital fund supporting businesses led by young people and women. President Mahama wants to make financial services available to more people, particularly those in rural communities.

The president described a future where Ghana becomes digital, green, and open to everyone. His 24-Hour Economy plan aims to create reliable electricity and better public safety for around-the-clock business operations. He believes towns like Mpraeso can become centers of innovation where young people find good jobs without leaving home. The local chief asked the president to finish the only government hospital project in the area, which had stopped when leadership changed in 2017.
 

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