Business News of Thu, 21 Jun 20188
Over 300 proposals on 1 district, 1 factory screened – Alan
Three hundred and twenty-nine (329) proposals for the construction of factories under the 1 district, 1 factory programme have been successfully screened by the Ministry of Trade and Industry.
This is according to the Sector Minister, Alan Kyerematen.
Answering questions from the Minority in Parliament on how many factories had been established so far, Mr. Kyerematen also said his Ministry had received over 700 proposals, adding that significant progress had been made on the creation of factories.
“Over 700 proposals have been received by the Ministry of Trade and Industry, out of this figure 329 of these projects have been screened and recommended to financial institutions for support for the implementation of these projects,” Mr. Kyeremanten said.
He said the screened projects have subsequently been forwarded to the appropriate financial institutions for funding.
Mr. Alan Kyerematen also told Parliament he will in due course furnish parliament with the details of projects under the One District, One Factory Policy that would be successfully implemented.
The governing NPP has been accused of failing to deliver on the promise to ensure the creation of factories in all districts across the country.
Per the major campaign promise, it is expected that every Metropolitan, Municipal, and District Assembly will have a factory established to boost the industrialization agenda and create jobs.
However, early this year, the Minister of Information Mustapha Hamid said, said “not every district will have a factory in 4 or 8 years”, in response to those accusing the government of failing on the promise.
“…President Akufo-Addo was virtually saying that for this country to improve, it is a country that we can get one district one factory, and that when he gets the power he will put in place measures to make sure that dream is fulfilled. So he may not in the four years or eight years be able to establish a factory for every district, but whatever it is, even if he is able to do 100 or 200, any successive president can continue with the projects, then [it will mean that] we are moving towards President Akufo-Addo’s Ghana beyond aid agenda,” he stated.