Member of Parliament for the New Patriotic Party, Benjamin Agyiu Appiah known best as Bengazi, has revealed that banks in Ghana have made the decision to withdrawn from assisting importers financially.
Speaking in an interview with Kwaku Dawuro, on Movement In The Morning On Wontumi Radio/Movement TV, Bengazi said the decision of banks refusing to assist people to import foreign goods into the country which can locally produced, is based on the amount of money invested into foreign countries through importation. According to him the amount of money which goes into importation per annum is $10 billion.
He asserted that ”My biggest issue has to do with local production because Dawuro, if you check, the amount of money invested in importation alone is $10billion every year. Some of the things imported are rice, sugar, iron steel, clothes and imported food items, all the monies combined sum up to $10billion which is converted from cedis, just to import from foreign countries including toothpick.
Now the decision with the banks is that any importer who goes to them to seek financial assistance, will be driven away since they do not want to engage in such activities, but they are ready to assist anyone ready to trade in locally made goods.”