The outline of the project is to have factories set up in all the two hundred and sixteen districts across the country.

[contextly_sidebar id=”F8EwTMtm5BBpE3VqR2tg4Iu7S1wOoXqQ”]Speaking on the Citi breakfast Show, a Deputy Trade and Industry Minister, Robert Ahomka-Lindsay, noted that it will be unrealistic for the government to give the public a specific date where all the two hundred and sixteen districts across the country will be implemented.

“In my private sector days, when I introduce a new product, that product doesn’t just hit the market tomorrow, we have to plan, these are all part of what you do. In two years time, the companies would have had a go, whether they are still going to be alive, it’s a different question” he said..

He explained that about forty-eight percent of the factories will be agro-processing companies.

He said these companies are committed to employing many Ghanaians, and the Ministry is going to monitor these factories in every district.

“So we have monitoring teams at the district, where we are going to be able to monitor to see how they are going, and come and do another analysis because i’s a dynamic situation,” he said.

The Ministry believes an effective implementation of the policy will open up opportunities within the nations rural and peri-urban areas.

Background

The ‘One District One Factory’ programme is a public-private partnership for ensuring a nationwide spread of industries in all 216 districts in Ghana.

The private sector will provide the investment, although the government could partner if such an investment of public funds is adjudged prudent and advantageous.

Ghana Commercial Bank, Access Bank, Universal Merchant Bank and the Ghana Import and Export Bank, have so far signed up to the compact, although other banks have the opportunity to join.

At least one hundred businesses have submitted projects for the government’s one district one factory project

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By: Farida Yusif/citifmonline.com/Ghana

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Mr. Kyerematen, a former Minister in that portfolio in answering  several questions, touched on how the New Patriotic Party (NPP) government, will implement its flagship campaign promise of building a factory in every district of the country, how it will promote the growth of businesses by reducing taxes among others.

Here are highlights of some of the critical points he made before the committee.

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By: Mawuli Tsikata/citifmonline.com/Ghana
Follow @MawuliTsikata

The post Key points Alan Kyerematen made at his vetting [Infographic] appeared first on Citi 97.3 FM - Relevant Radio. Always.