NDC parliamentary candidate for Sekondi provides financial support to traders

Lawyer Armah Nyameke Blay, the NDC Parliamentary Candidate for Sekondi Constituency of the Western Region in the coming 2024 general elections has ignited a remarkable transformation in Sekondi market by introducing a groundbreaking initiative – a GHC 5 million interest-free loan program.

The first phases of the cash distribution began on the Wednesday 25th of October, 2023, at the clinic within Sekondi market.

Over 100 enthusiastic traders have already benefited from this interest-free loan, which became a reality through the partnership with a known reputable Bank.

The bank not only opened accounts for the traders but also provided essential training on managing the loan wisely. Traders were organized into groups of ten, each with a dedicated group leader for a smooth distribution process.

The beauty of this initiative is that the loan is designed to be repaid without any interest. Traders couldn't be more grateful for this unprecedented support, viewing it as a lifeline for their businesses and a beacon of hope for Sekondi market.



The second phase of the loan distribution was equally heartwarming, on Saturday 28th October, 2023 at the lorry station with over 150 traders receiving their share.

Traders are astounded by the positive change this initiative has brought, especially considering the economic challenges they've endured over the past 27 years.

To date, more than 450 traders, both direct and indirect, have reaped the benefits of this interest-free loan. The initiative's goal is to reach out to over 8000 traders within the Sekondi constituency.

In an inspiring interview, the NDC PC, Lawyer Armah Nyameke Blay shed light on the importance of this visionary initiative.

He eloquently spoke of the struggles traders face when trying to secure loans due to high interest rates and the pitiful state of Sekondi market.

He emphasized that this initiative transcends political lines, showing his commitment to relieving the burdens of traders.

"My vision is to bring development to the people of Sekondi when elected as the MP come 2024, by focusing on trade, tourism, youth development and employment opportunities. The current MP have taken Sekondi constituent for granted and seems to careless of their socio-economic wellbeing and there an urgent need for us a constituency to vote me into power as I have assured regorous development to my constituent", he said

He also highlighted the importance of cushioning market women in their business.

"Our mothers are our backbone so we have to help them fish for themselves rather than throwing cash in the air for them to catch, most banks give loans and take high interest which ends up collapsing the traders women business so I taught it wise to give out my money to them as loan without taking any interest to help them boost their businesses", said Lawyer Blay.

Miss. Juliet, the scheme's consultant, passionately emphasized the need for continuous education and training to ensure traders fully harness the benefits of the initiative.

The esteemed bank managers confirmed their partnership with Lawyer Armah Nyameke Blay and underscored the urgency of supporting the financially challenged traders in the constituency.

In an overwhelming display of gratitude, traders have pledged their support for Lawyer Armah Nyameke Blay in the upcoming December 7, 2024 elections.

They're fervently hoping for his election as the next MP for Sekondi Constituency. A remarkable group, aptly named Lawyers Ladies, has emerged to rally young women behind this noble cause.

Sekondi is experiencing a rebirth under the dynamic leadership of Lawyer Armah Nyameke Blay, the NDC Parliament Candidate, and the future MP for Sekondi Constituency.

He has assured that the loan scheme will remain easily accessible to all traders, emphasizing that the development of Sekondi is not just a political endeavor but a shared dream.