NPP will restore the economy – Nana Addo

Nana Addo Dankwa Akufo Addo, Presidential Candidate of the New Patriotic Party (NPP), has assured business enterprises in the country of boosting their trade through stabilizing the cedi to ensure economic growth and prosperity.

He said the economy is in a bad shape because of mismanagement by the ruling National Democratic Congress, saying: “It is incontrovertible fact that our economy is not doing well…we will restore hope through fiscal discipline.”

Nana Addo was addressing members of the Association of Small Scale Industries in Tamale, upon invitation by the association to interact with aspirants of political parties about their vision for the micro and small scale enterprises.

The flagbearer was accompanied by bigwigs of NPP and parliamentarians including the party’s running mate, Dr Mahamudu Bawumia.

The interaction, which brought members of the association across the country, was part of activities making the 30th anniversary of the body.

Nana Addo said prime rates have been increased from 25 per cent in 2008 to 35 per cent and made things difficult for businesses to borrow from the banks to expand their activities.

He said due to high cost of lending rates, many enterprises are collapsing.

He indicated that the party is going to re-engineer the economy through industrialization when given the nod and noted that “We are very much committed to the one district, one industry policy”.

The Presidential aspirant said the NPP would increase investment in domestic industries to produce adequate goods for local consumption and for export to boost the economy.

Nana Addo said the NPP would initiate a deliberate policy to ensure the consumption of Ghanaian goods by citizens saying, “Politics is not all about propaganda, it is about doing things to change the circumstances of our people”.

He stated that his administration would involve small scale enterprises in its economic decision since the sector was the engine of growth.

Mr Saaeed Moomen, Acting President of the Association, commended the NPP for being the only political party to honour the invitation though invitation was sent to all the political parties.

He appealed to political parties in the country to implement policies that would propel growth of the industry to create jobs and increase productivity.

Mr Moomen said the association has more than six million members across the country and is therefore a force to reckon with in choosing a political leader for the country.

The Association also convened its Emergency General Meeting, to review its constitution and move for its adoption as a guiding document for smooth running of its activities.

Source: GNA