The Trade and Industry Minister-nominee, Alan Kyerematen, has said that through the intervention of President Akufo-Addo’s flagship programs to alleviate unemployment the One-District-One-Factory program 139,331 jobs has been created.
Taking his turn at the vetting committee in parliament Mr Kyerematen said, “Through the intervention, a total of 139,331 direct and indirect jobs have been created by the 76 companies and 285,915 additional direct and indirect jobs are projected
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Currently, we have 232 1D1F projects that are at various stages of implementation and contrary to criticism that the government is roping in existing companies, indeed whiles the program implementation framework allows for existing companies to be 1D1F companies when you look at the statistics, out of the 232 companies only 64 were existing companies,
So far, 56% of those companies are into agro-processing projects, 22% are into general manufacturing, 5% are into meat processing, 4% are into general agriculture and there are other industrial enterprises which constitute 13%” he noted.
Mr Kyerematen also revealed that said through the 1D1F initiative government has been able to mobilize GHC2billion from local financial institutions.
He said the government has provided interest subsidies support of GHC213million to de-risk the project for the banks.
