Business News of Thursday, 21 June 2018

Source: abusuafmonline.com

Trade Minister answers questions on 1D1F in Parliament

Minister of Trade and Industry, Alan Kyerematen Minister of Trade and Industry, Alan Kyerematen

Ghana's Minister of Trade and Industry, Alan John Kwadwo Kyerematen says three hundred and twenty-nine (329) proposals have been successfully screened for the construction of factories under the One-District-One-Factory programme.

Answering questions from the Minority in Parliament on how many factories had been established so far, Mr. Kyerematen said his Ministry received over 700 proposals, adding that significant progress has 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 programme to be successfully implemented.

The Akufo-Addo led government has been accused of failing to deliver on its promise to create 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.