The New Patriotic Party (NPP) flagbearer, Dr. Mahamudu Bawumia, has unveiled plans to address the financial challenges faced by traders and Small and Medium-sized Enterprises (SMEs) across the country.

Speaking during a recent tour of the Ablekuma North and Ablekuma West constituencies, Dr. Bawumia pledged to streamline access to capital to support business growth.

Dr. Bawumia introduced two major initiatives aimed at empowering the business community: the Women’s Trade Empowerment Fund and the creation of an SME bank.

He recognised that securing funding is a major obstacle for many traders and SMEs and promised that his government would deliver tangible solutions to these challenges.

“The NPP wants to propose a new initiative to support businessmen. We want to support you. We are aware your biggest challenge is funding. Is that not so? You need funding to boost your businesses. Without funding, you’re unable to promote your trade, so we are proposing two policies. One is the Women’s Trade Empowerment Fund. It’s a type of fund to help women support their business,” Dr. Bawumia explained.

Throughout his tour, which featured meet-and-greet sessions, stakeholder discussions, and community events, Dr. Bawumia reiterated his commitment to improving the financial landscape for Ghanaians, emphasising his dedication to enhancing access to credit and financial resources for business development.