CODA Takes Delivery Of 622 Suzuki Second Tranche Subsidized Outboard Motors For Fishers
The Coastal Development Authority (CODA) has inspected and taken delivery of 622 Suzuki outboard motors which form the second tranche of 5,000 outboard motors procured the Authority with funding from the Infrastructure for Poverty Eradication Programme (IPEP) under the Ministry for Special Development Initiatives (MSDI) to be distributed to fishers at highly subsidized prices.
The first tranche of 1,300 outboard motors has already been distributed to fishers in Greater Accra, Central, Western, and Volta Regions.
Chief Executive Officer (CEO) of CODA, Lawyer Jerry Ahmed Shaib, on Tuesday, 29th September 2020 led officials of the Authority to inspect and take delivery of the equipment at the premises of CFAO in Tema.
Briefing the media, the CEO stated emphatically that, “the Authority procured the outboard motors on the directive of the President to purposely help alleviate poverty among fishers empowering them to do their business through the distribution of outboard motors at highly subsidized prices”.
Regarding resale of the equipment, Lawyer Jerry Ahmed Shaib sounded a note of caution to all that it would constitute an offense for anyone, irrespective of their status, to acquire an outboard motor from CODA at a subsidized price and resell same at a higher price.
Under the intervention, a 40-horsepower outboard motor which costs GHS20,000 is being sold for GHS10,000 representing a subsidy of 50 percent, while a 15-horsepower outboard motor with a market price of GHS14,500 is being offered to fishers at GHS5,000 representing a subsidy of about 65 percent.
Modalities for distribution
Under the arrangement, interested fishers who had their names captured CODA during needs assessment and stakeholder engagement, prior to procurement of the equipment, can visit the Head Office of CODA in Accra to pay and collect their outboard motors. This is the only mechanism which the distribution of this second tranche will be done.
‘Money Is Not My Problem’ – Duffuor
Listen to this article A flagbearer hopeful of the opposition National Democratic Congress…