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76 factories operating under 1D1F-Ofori Atta

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Finance Minister Ken Ofori-Atta has revealed to Parliament that 76 factories under the One District One Factory programme have started full operation.

According to him the government’s agenda for industrial development for job creation and economic transformation rests on the partnership with the private sector to operationalize and see to the success of the One District One Factory (1D1F) initiative.
“Our push on this front has resulted in 76 operational factories, with 232 projects at various stages of implementation. Not only have we leveraged private sector support through tax exemptions valued at GHc 34miilion,

He further stated that Government has directly spent GH¢ 210.03 million as support to existing factories and for the construction of new factories across Ghana.

“We have also eased the credit constraints faced by 97,876 small and micro enterprises, mostly in the formal sector, under MASLOC with an amount of GH¢99.30 million between 2017 and end 2019. This intervention continues to help these enterprises to thrive and sustain the
employment of fellow Ghanaians, especially women.

“Mr. Speaker, The President has been an ardent advocate of youth entrepreneurship. Through the Presidential Business Support Programme, about 19,000 startups have been trained and mentored to create about 90,000 direct and indirect jobs. A total amount of GH¢88.31 million has been expended to make this possible. “He said

Paa Kweku Eshun| Talksafrica.com

Written by EDITORIAL STAFF

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