The presidential candidate of the Liberal Party of Ghana (LPG), Kofi Akpaloo, has disclosed that if he is voted into power as president, he will invest in Kantanka Automobile.
During an interview with Fiifi Pratt on Kingdom FM, Kofi Akpaloo revealed his plans to help Kantaka Automobile raise capital on the stock market.
He stated that if he becomes president, he will offer shares of Kantaka Automobile for sale to the public, allowing individuals to own a portion of the company.
“For example, if Kantaka offers shares at GH¢1,000 each, and raises GH¢10 billion, this money can be used to purchase new and modernized car parts to advance the company,” Kofi Akpaloo explained.
He also emphasized that by making car parts available in Ghana, Kantaka would no longer need to import parts for manufacturing their cars.
To achieve this, Kofi Akpaloo proposed building manufacturing plants in Ghana to convert minerals like Bauxite and iron ore into steel, providing the necessary raw materials for car production.
The presidential aspirant acknowledged that these plans require significant funding, which could be obtained through collective investments, hence the idea of selling shares.