Mahama to use government financial muscle to give advantage to Ghanaian registered companies

Supporting local companies is crucial for the economic development and growth of a country. Here are some reasons why it is important to prioritize and support local businesses:

Local companies are significant contributors to job creation in a country. By supporting these businesses, more job opportunities are created for the local population, reducing unemployment rates and improving the standard of living.

Local businesses play a vital role in driving economic growth. When local companies thrive, they contribute to the overall economic development of the country by generating revenue, paying taxes, and stimulating other sectors of the economy.

Local businesses are often deeply rooted in their communities and play a crucial role in community development. They support local initiatives, sponsor events, and contribute to the overall well-being of the community.

Supporting local companies fosters innovation and competition in the market. Local businesses often bring unique products and services to the market, driving creativity and offering consumers a diverse range of options.

Local businesses are more likely to prioritise sustainable practices and environmental responsibility. By supporting these companies, we can promote sustainable development and reduce the carbon footprint of our economy.

Local businesses often reflect the cultural identity and heritage of a country. By supporting these businesses, we can preserve and promote our cultural traditions and values.

Overall, supporting local companies is essential for building a strong and resilient economy that benefits all citizens. By prioritising and investing in local businesses, we can create a more inclusive and prosperous society for everyone.

It is in line with these that former President John Dramani Mahama has promised to use government's financial muscle to give advantage to Ghanaian registered companies if he is elected as the next president of Ghana. He emphasised the importance of supporting local businesses and creating a conducive environment for them to thrive.

Mahama stated that his administration would prioritise Ghanaian companies in government contracts and procurement processes, ensuring that they have a fair chance to compete with foreign companies. He also pledged to provide financial support and incentives to help local businesses grow and expand.

The former president highlighted the need to promote economic growth and create job opportunities for Ghanaians, stating that supporting local businesses is key to achieving these goals. He emphasised the importance of building a strong and resilient economy that benefits all citizens.

Mahama's promise to use the government's financial muscle to support Ghanaian companies has been welcomed by many, who see it as a positive step towards promoting economic development and empowering local businesses. If elected, Mahama's administration will follow through on these promises and work towards creating a more inclusive and prosperous economy for all Ghanaians.

Anthony Obeng Afrane