News:
June 21, 2018
Government would play a significant role in the implementation of the “One District, One Factory”, programme by creating an enabling environment to stimulate private sector investment for the programme.
According to the Minister of Trade and Industry, despite IDIF is designed to be private sector led, government would create access to finance.
He noted that, both local and foreign financial institutions would provide financial support to entrepreneurs under the initiative.
And investment would not be more than thirty percent equity in District Enterprises where required and again ensure timely release of budget allocations meant to support the District Enterprises with infrastructure such as power, water and roads, he said.
On access to market, Ghana Export Promotion Authority and Ghana Missions abroad to support the development of export markets for companies established under the programme.
Also facilities negotiations with both local and foreign off-takers and public sector organizations as anchor customers using the local content policy.
Mr. Kyeremanten pointed out that other responsibility of the Ministry would be to monitor the status of implementation of each District Enterprise project against key performance indicators (KPIs).
Also hold consultations with the District Assemblies, Members of Parliament, Business Promoters and other relevant stakeholders in the districts to validate and endorse each project to be supported under the initiative, he said.
By: Kwaku Sakyi-Danso/ghanamps.com