Cheddar Vows to Protect Local Traders, Boost Ghana’s Economy

Nana Kwame Bediako, popularly known as Cheddar, the Presidential candidate for the New Force Movement, has stated plans to impose a foreign goods ban to defend Ghanaian firms.

This move follows discussions with the Ghana Union of Traders Association (GUTA) on including their issues into his manifesto.

Cheddar underlined that unfettered imports of commodities from other nations affect Ghanaian traders since numerous foreign products enter the market unregulated. He added that his administration intends to control the import sector to benefit local businesses.

“We must industrialize to develop Ghana,” Cheddar stressed, adding, “Our administration is committed to creating an enabling environment for businesses to thrive, and we will work tirelessly to ensure that our economic policies benefit all Ghanaians, especially the youth.”

He presented a thorough industrialization strategy to boost economic growth, provide opportunities for young people, and assist local enterprises. He emphasized the importance of innovative business ideas and a transition away from the traditional reliance on natural resources.

Cheddar emphasized the problems of local businesses facing bankruptcy due to high taxes and promised to create sensible tax laws to safeguard and encourage indigenous enterprises.

Dr. Joseph Obeng, President of GUTA, highlighted a number of issues that traders and businesses face, including high inflation and excessive taxes that are impacting operations. He argued that Ghana can only achieve significant economic transformation if business interests are more represented in politics.

“Business leaders have to take over the governance of Ghana in order to stimulate economic growth,” Dr. Obeng declared.

He expressed concern about the growing dissatisfaction among the business community with mainstream politicians, saying, “People are tired of mainstream politicians. It is time for business people to take over the nation’s leadership.”

Dr. Obeng underscored the discontent that traders and business owners have with the current political situation, emphasizing the need for change. “It is sad people pay more attention to only mainstream politicians, but this narrative needs to change as a matter of urgency,” he stated.

He argued that cheddar, as a businessman, is in line with the trading community’s conviction that he can address economic difficulties more effectively.

“The cedi is becoming weaker by the day. Measures should be put in place to address this matter because it is really affecting us,” he lamented.

Dr. Obeng also mentioned the high cost of conducting business in Ghana, which is exacerbated by severe taxes and import levies. He warned conventional politicians that the approaching election could be their final chance to rehabilitate themselves in the eyes of the business community.

“Mainstream politicians should pay attention to conversations going on and take Ghanaians seriously by handling matters of the economy more seriously,” he urged.

Cheddar reiterated same thoughts, emphasizing the importance of economic instability for enterprises.

“When the currency falls in value, businesses suffer. “The rising inflation rate is killing businesses,” he claimed. He advocated for a government paradigm that promotes progress and prosperity while also encouraging internal wealth creation.

Nana Kwame Bediako noted that the cedi’s devaluation is the result of a lack of value creation within the country. He asked GUTA members to carefully position themselves in the marketplace. “GUTA, start thinking about how you can take on the role of international traders here. Let us focus on establishing distribution channels. “The supply chain will propel us to great wealth,” Cheddar stated.

“My biggest concern is not just the people suffering but how long they are going to suffer. I don’t know how the next generation will cope if things don’t change. Let the focus shift from enriching foreign nationals in Ghana. We are losing our people to brain drain due to bad policies and it is sad,” he added.

This interaction between Cheddar and GUTA demonstrates Ghana’s business community’s rising willingness to have a larger role in influencing the country’s economic policy. Their call to action emphasizes the crucial need for a change in the political environment to properly handle Ghana’s economic issues.