Presidential candidate for the Liberal Party of Ghana (LPG), Kofi Akpaloo, has announced that, if elected, he intends to invest in Kantanka Automobile.
In an interview with Fiifi Pratt on Kingdom FM, Akpaloo shared his vision to help Kantanka Automobile raise funds by listing the company on the stock market.
He explained that, as president, he would make shares of Kantanka Automobile available for public purchase, enabling people to own a stake in 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 further stressed that by producing car parts locally, Kantanka would eliminate the need to import components for car assembly.
To make this a reality, Kofi Akpaloo suggested establishing manufacturing plants in Ghana to process minerals such as bauxite and iron ore into steel, supplying the essential raw materials for car production.
The presidential hopeful recognized that these ambitious plans would require substantial funding, which could be raised through collective investments, hence the proposal to sell shares.