Trades Minister, Alan Kyeramaten
Mrs Gifty Ohene-Konadu, the National Coordinator of the ‘One District, One Factory’ secretariat announced The “One District One Factory” program will be launched In June 2017 with the start of work on 10 new factories.
She was at a media briefing last Wednesday, confirming that the secretariat had received the GHC450million earmarked in the 2017 budget to kick-start the project.
She said besides government’s commitment, interest in the program had generated investment pledges and commitments to a tune of US$3billion.
The “One District One Factory” program is a flagship industrialization program promised by the NPP during the 2016 electoral campaign. It is aimed at building a factory in each of the 216 districts in the country.
The program, which will be implemented with the private sector, will also provide business support services and capacity budding, mentoring and coaching.
It would also provide networking opportunities, assistance with financial planning and financial management, regulatory and legal compliance, links to strategic partners for market and community access.
Mrs Ohene-Konadu told the media that the financial support for the projects would start from a minimum of US$5,000 to a maximum of US$10,000, based on project size and operational categorization.
She said the secretariat is encouraged by an intense interest of the public determined to take advantage of the policy.
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