Trade Minister, Alan Kyerematen, is blaming the Finance Ministry for government’s inability to disburse interest loans to pharmaceutical companies.

Last year, government announced the disbursement of ¢260 million as interest subsidies to the said entities captured under the One District, One Factory initiative.

Government further argued that the money will go a long way to reduce the risk of financial loss to the 128 companies.

But pharmaceutical companies are yet to receive their share of the monies forcing some of them to resort to other means of servicing their loans.

“Any delays that have occurred in the payment of interest subsidies could be attributed to either delay in the release of funds from the Ministry of Finance or delays in the processing of applications of the 1D1F companies by the PFIs,” he said.

He said his Ministry is ready to “authorise the release to the companies” once the processing is done.

The Trade and Industry Minister made these comments in Parliament on Wednesday.

While answering questions on the floor, Mr Kyeremateng observed that it will be impossible for the Trades Ministry to execute any disbursement until the Finance Ministry release the funds for that purpose.

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