Some women in the Awutu Senya East Municipality have lamented that the demand for collateral and high interest rates were choking their businesses. According to them, the collateral system of paying 10% puts their businesses under siege just a few weeks after acquiring the loan. Speaking on behalf of the women during the National Democratic Congress (NDC)'s Manifesto launch over the weekend, Deputy Central Regional Women's Organiser, Mrs. Janet Quansah, lamented that the 10% collateral coupled with high interest rates were 'collapsing' their businesses. She stated that the current requirements to qualify for a loan as a woman were draconian, hence the need to support the flagbearer's promise of establishing a Women's Development Bank when voted into office. 'The fact is that the 10% collateral required by the banks in addition to the processing fees charged, render our loans inadequate after deductions are made and in no time our business collapse. 'That is why all women must support Mr John Mahama and P rof. Opoku-Agyemang by voting for the NDC in the upcoming general elections to relieve women of the stress of collateral and high interest rates,' she said. Mrs Quansah added that due to unfulfilled loan payments, some women mostly abscond from their homes at dawn and return late at night. Awutu Senya West Women's Organiser, Mrs. Matilda Sorkpor, charged women not to allow such an opportunity to slip off their hands. 'Every woman knows how stressful acquiring a loan can be, and it is very imperative that we all support this cause by voting for the NDC, come December 7, 2024,' she implored. Source: Ghana News Agency
Related Posts
Sissala East NPP retains Amidu Chinnia Issahaku
Delegates at the Sissala East constituency voted overwhelmingly for Mr Amidu Chinnia Issahaku, the incumbent Member of Parliament, to retain him as the party’s candidate for the 2024 elections.
Mr Issahaku got 433 votes to beat his only contender, D…
Anloga NCCE constitutes Inter-Party Dialogue Committee for Peaceful elections
The Anloga District Directorate of the National Commission for Civic Education (NCCE) has constituted an Inter-Party Dialogue Committee (IPDC) to spearhead activities towards a free, fair and peaceful elections in the District.
The meeting, held at t…
Don’t allow self-seeking politicians to influence you with money to foment trouble – Youth advised
Nana Ketu Adosua VIII, the Chief of Gomoa Potsin in the Central Region, has advised the youth not to allow themselves to be influenced by money from self-seeking politicians to foment trouble in the elections.
He said being used to foment trouble wa…