Founder of the New Force Movement and Ghanaian Entrepreneur Nana Kwame Bediako, popularly known as Cheddar or Freedom Jacob Caesar, has disclosed his rejection to secure loans from some financial institutions in the country.
He decried several Ghanaian banks that turned down his request to grant him loans to facilitate his projects and his array of businesses.
Nana Kwame Bediako has a conglomerate of businesses to his name.
In an interview on The Point of View on Citi TV, Cheddar indicated that only one bank expressed its willingness to give him a loan, but the bank later collapsed.
The founder of the New Force Movement emphasized that only the World Bank supported and financed part of his projects because he had a partner.
“We have had one bank that has lent us money before, IFC from the World Bank. They lent us money for a part of our building [properties]. When you come to Ghana, we have a lot of banks, from student loans to business advancement, whatever you ask of these banks, they don’t have the money for you. I’m sure we all know this. We don’t have banks supporting us, even if you want to high-purchase a car where you have a job. I have not borrowed money from Ghanaian banks before. I tried, but they won’t give me.”
“There was one Ghanaian bank that took me through a process and took my building documents at that time. I passed all the requirements, and when they got to give me the money, they didn’t, and it took me about two years to hear it has been dissolved,” he told Bernard Avle.
He raised concerns about the reluctance of financial institutions to offer loans to business owners in the country, posing a huge risk to the economy of the country.
Cheddar bemoaned the lack of trust in international financial institutions to loan Africans money.
“My partner had to come in and support. It’s difficult for Africans to benefit from such financial institutions; I don’t think they believe in our capacity. And I also don’t think they believe in the governance that built the economies of our country,” he observed.
Nana Kwame Bediako promised to give hope to the youth if he wins the presidential elections.
“Currently, there’s no hope; that is why we are here.”
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Meanwhile, Cheddar has declared his intention to contest the presidential elections on December 7, 2024. He indicated that he would run as an independent candidate after several failed attempts to register his party.
Nana Kwame Bediako criticized the government for poorly managing the economy, promising to salvage the country from further suffering.
He further assured of building a middle-income nation when voted into power to create job opportunities for the youth, where they would be given the opportunities to make contributions to his government.
“We wanted to register a political party, but they didn’t give us a license. We are still moving with our movement. I’m running in the December polls as an independent presidential candidate. Because they didn’t give us any license or even provisional license. You will see me on the ballot on December 7. The governance of the country is poor, the government is the problem. We need to be responsible for the leaders we choose.”
“In the last 4 decades, between the National Democratic Congress and the New Patriotic Party, there hasn’t been any young person who has dared to stand up and say he’s coming. I’m the unifier between the youth and the government. I’m for the people who need change; I’m for the neutral people, and I don’t belong to any political party. We aim to build a middle-income nation by creating jobs for the youth,” he promised.
The real estate mogul highlighted the policies he intends to pursue, promising to invest in affordable housing for the youth if he wins the December polls.
He further promised to offer loans to graduates to purchase apartments.
“In our plan for Wonder World, we have a solid development that we want to introduce to universities; it’s called graduates. We will give them loans to buy apartments, which is a charity focus. Ghana is developing affordable homes and they say it’s affordable homes but are charging people $60,000 to $80,000. And these developments are not integrated. We plan to invest in affordable housing, with an integration, and I have to do it right. Affordable housing needs basic infrastructure will be put in place, sewerage, internet, planning, wiring,” Cheddar promised.
The founder of the New Force Movement said he has officers in all 16 regions.
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