The Convention People’s Party’s (CPP) flagbearer for election 2024, Nana Frimpomaa Sarpong Kumankumah has announced her ambitious plan to raise $20 billion within her first year as president if elected.
She believes that, this financial boost will significantly improve the lives of Ghanaian youth by providing them with access to capital and job opportunities.
In an interview with Joy News on Friday, September 6, Nana Frimpomaa emphasized the importance of prioritizing the youth, noting that they have been neglected for too long.
She highlighted the need to address their challenges and ensure that every young Ghanaian has access to financial resources and meaningful employment opportunities.
Elaborating on her plan, she said, “I will raise $20 billion annually and make sure every Ghanaian youth has access to $1,000. The reason I am quoting this amount in dollars is that after my government is in place, there will be no more need for quoting in foreign currency, as the Ghanaian economy will stabilize, and prices will remain consistent.”
Nana Frimpomaa further explained that, the reliance on the dollar in Ghana’s economy is a symptom of a flawed system that causes daily fluctuations in prices. “By the time I take over, if $20,000 is the equivalent in Ghanaian cedis, every young person will know they have 20,000 cedis. Within two years, however, we will resolve the dollar problem in this country.”
She emphasised that her focus will be on human capital development rather than large infrastructure projects. “I plan to invest this $20 billion not into major infrastructure, but directly into the youth, empowering them with the resources they need to succeed in various sectors of the economy.”
Illustrating how her plan would work in practice, she said, “For example, if a young entrepreneur is selling iced kenkey, they will be able to access innovative systems and funding that will allow them to scale up their business. They could pool resources with others to invest in equipment that improves the quality of their product, package it better, and expand their reach.”
Nana Frimpomaa also vowed to phase out the practice of street hawking and similar activities, such as selling goods in traffic, within a decade. She emphasised, “I don’t want to see any young person having to carry goods on their head just to earn a living. It’s not a future I want for my children, grandchildren, or any Ghanaian.”
She made it clear that the $20 billion she plans to raise will not be borrowed but will come from innovative business strategies. “I’ve been an entrepreneur all my life. I will not borrow this money. I know how to generate revenue through business, and that is what I plan to do for Ghana,” she concluded.
Source: Myjoyonline.com
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