Audio By Carbonatix
Minister for Trade and Industry, Alan Kyerematen says existing companies supported under government’s flagship One District One Factory (1D1F) policy are considered part of the initiative.
He made this comment at the maiden Results Fair organised under the auspices of the Ministry for Monitoring and Evaluation.
Speaking at the event held at the Accra International Conference Centre, Mr Kyerematen explained that the seeming detachment of government-backed enterprises from the programme is a ‘misunderstanding’ that must be reconsidered.
He explained that: “It (1D1F) consists of both existing and new enterprises… Are you suggesting that if a company that is located in a district that has potential and is doing well and requires support, we should not support that company but rather proceed to create a new one? No, I don’t think so.”
The Akufo-Addo-led administration in August 2017, launched the One District One Factory policy to create the environment conducive for each local government areas to own factories relative to their well-endowed resources and capacity to provide jobs and wealth for the country.
A cross-section of Ghanaians, since the rollout has widely interrogated the progress of facilities under the programme and the capacity in which some pseudo-private establishments are classified as offshoots of the initiative.
But the Minister for Trade and Industry is of the view that the One District One Factory policy is not “meant for government to establish state enterprises. It is led by the private sector but led by government”.
The Results Fair is geared towards creating a platform for the various Ministries, Departments and Agencies (MDAs) to recount their achievements since they assumed office.
Latest Stories
-
Why Ghana must prioritise vocational training to tackle youth unemployment – Chris Addy-Nayo
2 minutes -
Confidence and experience missing in current Black Stars team – Hans Sarpei
13 minutes -
Ghana to roll out national AI strategy on April 24, $250m AI centre approved
24 minutes -
Okyeame Kwame to build paediatric centre at Manhyia Hospital to mark 50th birthday
29 minutes -
Iran war economic shocks will last ‘months’, says Australia’s PM
34 minutes -
Gov’t can cushion fuel consumers without derailing budget – Bokpin
42 minutes -
Autism awareness event held to mark World Autism Day on April 2
42 minutes -
Okyenhene bans burial in private homes, tasks MMDCEs to enforce laws
46 minutes -
Power outage in Accra West and scheduled maintenance in Ashanti Region
50 minutes -
Life is consequences – Counselor Perfect on confession, infidelity and difficult choices
55 minutes -
Global renewable energy jumps by 692GW in 2025, strengthening energy security – IRENA Report
1 hour -
PAC summons 2 over GH₵8.2m ‘Toilet for All’ payments without work done
1 hour -
Calls for practical, collective leadership on food security intensify ahead of 34th FAO Regional Conference
1 hour -
IMANI uncovers SIGA-backed push to concentrate public sector insurance business with SIC
1 hour -
Prof Bokpin backs calls for gov’t to cut fuel levies
1 hour
