Former President John Dramani Mahama has said he will prioritize Ghanaian businesses and stimulate them to grow and expand into other areas of commerce if he becomes President again in 2021.
Mr. Mahama noted that his next government would encourage and provide the needed support for Ghanaians to venture into areas of manufacturing and agribusiness to help boost the economy.
The flag bearer of the National Democratic Congress (NDC) said this to respond to a question on the measures he intends to adopt to revamp and sustain the economy during a Live Facebook interaction with Ghanaians on Thursday, 30 April 2020.
Mr. Mahama said: “One of the things that I want to do is to encourage Ghanaian businesses because over the years the share of Ghanaian business in our GDP has consistently fallen. In the 70s, the share of Ghanaian business in our GDP was 72 percent. Today, I believe it is somewhere around 40 percent and so it means that a greater share of our GDP is in the hands of foreigners than Ghanaians. And so, we are going to prioritize Ghanaian businesses and stimulate Ghanaian businesses to be able to grow and expand into other areas out of commerce.
“A lot of our people are into commerce. We need to go into manufacturing, we need to go into agribusiness and we’re going to use the strength of the government’s purchasing power to make sure that we’re able to stimulate these industries and get Ghanaians to go into these areas.”