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Business News of Tuesday, 5 April 2016

Source: starrfmonline.com

Gov't to subsidise outboard motors for Shama fishermen

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President John Mahama has promised that government will subsidise outboard motors for fisherfolks at Shama in the Western region.

According to him, the intervention for the fishing community is timely, as the fishing season approaches.

President Mahama made the comment Tuesday when he inaugurated an ultra-modern cold store at Shama, as part of his ‘Accounting To The People’ tour.

He revealed that government has decided to absorb 30% of the cost as fishermen pay 70% over a period of 3 years.

“We have realised that outboard motors are very important to fishermen. The fishing season is almost due and we have imported about 1,000 outboard motors to be distributed to fishermen,” he stated.

President Mahama was accompanied by the Minister for Fisheries, Sherry Ayitey, the Minister of Communications, Dr. Omane Boamah, Deputy Minister of Roads and Highways, Isaac Adjei Mensah, as well as other government functionaries.