Tema Traders seek soft loans from the government

Scores of Tema Group One Market traders called on the government on Monday to provide them with soft loans to help improve their business transactions.

In an interview with the Ghana News Agency at Tema, the traders said that the COVID-19 pandemic continued to have a significant effect on their trading activities while the banks were adding their woes to the high interest rates.

Mrs. Dora Sarpong, a second-hand shoe and bag dealer, said their companies were impacted by the COVID-19 pandemic due to rising item prices.

“Our financial base has been affected and weakened. We have even taken loans from the banks; the interest is so high that they can’t pay,’ said Mrs. Sarpong.

She said that because of the inability to pay back the loans they took from the banks, some traders closed their stores.

She said they should be assisted by soft loans from the government, which they could pay back without any fear.

Source: GNA