Kennedy Agyapong urges traders to boycott high interest rate loans from banks

The Member of Parliament for Assin Central, Kennedy Ohene Agyapong says government should help lead the way of creating the enabling environment for local businesses to make them competitive.

According to Kennedy Ohene Agyapong local traders should consider boycotting banks with their high interest rate.

He said the banks are taking advantage of the traders because of their situation they face and they are force to accept any rate.

He said the government hands are tight to force the banks to reduce their rate and if traders boycott them they will sit up.

The Assin Central legislator was contributing to a statement made on the floor of Parliament by the MP for Manhyia North, Collins Owusu Amankwah on the activities of foreign nationals involving in retailing business in Ghana.

Meanwhile the maker of the statement and MP for Manhyia North, Collins Owusu Amankwah speaking to Nana Ampofo Ayeh Oman Fm Parliamentary correspondent was of the view that government should make available soft loans for traders in order to make their businesses strong.

He said despite Ghana being a signature to ECOWAS Conventions and Protocols foreign nationals are not to flout the laws of the host country.

Member of Parliament for Tamale Central, Insusah Fuseini said Ghanaians will continue to resist foreigners who want to engage in illegal activities including retailing business.

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