The Trade and Industry Minister-designate, Alan Kyerematen says 139,331 jobs have so far been created from the government’s One District, One Factory (1D1F) initiative.
“Through the intervention of 1D1F, 139,331 direct and indirect jobs have so far been created by the 76 companies that are already operational. 285,915 additional direct and indirect jobs are projected from the projects that are under construction,” he stated.
Mr. Kyerematen, announced this when he appeared before the Appointments Committee of Parliament on Friday for vetting.
He noted that in addition to the 76 projects that are currently operational, 107 of them are under construction and another 49 are ready for construction to commence within the first half of the year.
He also indicated that 64 of the 232 1D1F projects are existing companies that were adopted and supported under the 1D1F initiative.
“Contrary to comments that 1D1F is just an attempt to brush up on existing companies, if you look at the statistics, only 64 of the 232 companies are existing. 168 of them are new companies,” he stated.
The Trade and Industry Minister-designate argued that the 1D1F initiative is one of the most revolutionary programs since Ghana’s independence, saying that it goes to the core of bringing industry and development to the doorsteps of ordinary people and that is why the NPP government pursued it with “aggression”.
The 1D1F is a private sector-led initiative envisioned by President Nana Addo Dankwa Akufo-Addo to create the necessary conducive environment for businesses to access funding from financial institutions and other support services from government agencies so as to establish factories and production units in the various districts of the country.
It seeks to change the structure of Ghana’s economy from one which is dependent on import and export of raw material to one which is focused on manufacturing, value addition, and export of processed goods by processing raw materials found largely in the 275 districts of the country into finished or semi-finished goods.
Credit: News Desk Report
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