76 factories have been completed under the 1D1F programme - Trade Minister

76 factories have been completed under the 1D1F programme - Trade Minister

- The Trade and Industry Minister, Alan Kyeremanten, has disclosed that the government has established 76 factories

- The factories were built as part of the One District One Factory (1D1F) initiative by the government

- Kyeremanten revealed that incentives attached to the programma have compelled several investors to express interest

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The Minister of Trade and Industry, Alan Kyeremanten, has revealed that 76 factories have been completed under the One District One Factory (1D1F) programme.

He explained that the factories include a pineapple processing factory in the Ekumfi District and a pineapple and orange processing factory in the Komenda-Edina-Eguafo-Abrem (KEEA) municipality.

The minister went on to say that there are is also a cassava starch processing factory in the Fanteakwa District, a cashew processing factory in Tema and a fruit processing factory in the West Akim District.

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Per a report by adomonline.com, he also noted that there is a shea butter processing factory in the Accra metropolis, an avocado processing factory in Ningo-Prampram and the cultivation and processing of sweet potato into bread, chips and biscuit at Gomoa West.

Kyeremanten further revealed that there are manufacturing and distribution pharmaceuticals in the Nsawam-Adoagyiri municipality, the Accra metropolis and the Suhum District.

The rest, he said, are manufacturing of agricultural inputs in the Tema metropolis, a garment manufacturing in the Accra metropolis and a tile and brick production factory at Tanoso in the Brong Ahafo Region.

76 factories have been completed under the 1D1F programme - Trade Minister
Minister of Trade and Industry, Alan Kyeremanten Source: Ghanaian Times
Source: UGC

The minister disclosed that the various incentives attached to the programme have compelled several private investors to express interest.

He also stated that there is a five year tax holiday to be enjoyed by investors.

He, therefore, called on Ghanaians to support the government to promote development in Ghana.

In other news, the Minister of Finance, Ken Ofori-Atta, has stated that the government is ready to protect the jobs and businesses of Ghanaians.

YEN.com.gh understands that he is ready to announce packages for businesses that have been severely affected by the outbreak of the coronavirus.

According to him, businesses are suffering and given that they have to pay taxes it becomes a challenge when there is no flexibility in doing so and staying operational.

READ ALSO: Ghana becomes 1st African country to issue a 41-year bond

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Source: Yen

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