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Government funding, short-term loans needed to enhance local economy in Keta – Aspiring MP

by admin
May 13, 2022
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Government funding, short-term loans needed to enhance local economy in Keta – Aspiring MP
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An aspiring Member of Parliament (MP) for the Keta constituency has entreated socially-oriented micro lenders to consider investing in economic activities in the area.

According to Vincent Djokoto, economic activities in Keta and surrounding communities such as fishing, manufacturing, tourism and financial services need to be diversified; hence, the government must strive to release funding to push it.

He explained in a press statement that promising enterprise schemes spearheaded by the youth and women in the constituency may not thrive if affordable capital, essential for their growth, are not provided.

“If farmers and fisherfolk, for instance, receive government funding for modern machinery, this would boost the constituency’s agricultural productivity and can be a decisive contributor to Ghana’s food security at large.

“Agriculture within the Keta constituency is a low-risk, high-return enterprise. That is exactly why financial services need to design products that support development entrepreneurs cast their nets wider,” he argued.

He added; “This requires investment into these struggling sectors to firmly position the constituency on an upward trajectory.”

Vincent Djokoto, who worked with the John Mahama 2020 campaign team as a public relations specialist, also wants authorities to ensure the enhancement of digital infrastructure in Keta.

He believes the constituency needs to attract big tech companies like Google and Facebook to secure the growth of its local economy.

“The impact of digital technology is yet to reach and radically transform the lives of Keta constituents, on a mass scale – from telecommunication to financial services,” he stated.

According to him, the outlook of Keta in the next decade largely depends on how accessible and affordable data and high tech is to the average consumer.

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