The Minister of Trade and Industry, Alan Kyerematen has hinted that since the beginning of the One District One Factory initiative to date, there are 278 1D1F projects which are at various stages of implementation.
Out of this number, 104 companies are currently in operation, 150 are under construction, and 24 are at the mobilization stage. One Hundred and Sixty-Five (165) out of the 278 companies are new projects representing 60% whilst 113 companies are existing projects being supported, representing 40%.
While giving updates on the programme on the floor of Parliament this week, the Sector Minister noted there are companies that are currently operational have created a total of 150,975 direct and indirect jobs, up from 139,331 in December 2020.
It is expected that when the additional 150 1D1F projects currently under construction are completed, the cumulative number of direct and indirect jobs created will reach 282,792.
“Mr. Speaker, it is worth noting that the youth have not been left out of the 1D1F Programme. Out of the 278 1D1F companies, 58 are fully owned by youth groups who have been mobilized by Government and supported with seed funding to establish their own state-of-the-art agro-processing factories in 58 districts, under what is referred to as the Enable Youth 1D1F Initiative supported by African Development Bank (AfDB) and International Fund for Agricultural Development (IFAD). Each of these youth groups have between 40 and 48 individuals as Shareholders in each company.
In addition, 5 medium-scale state-of-the-art agro-processing Common User Facilities have also been established, owned by groups of farmers in 5 districts with funding from the African Development Bank (AfDB).
Mr Speaker, the sectoral breakdown of the 1D1F companies are as follows; 40.6% Agro-processing companies, 43.9% other Manufacturing companies, 7.9% Meat Processing (Livestock, Poultry, and Fish) and 7.6% representing others,” he explained.
Source: Sammy Adjei/capitalnewsonline.com
Send Your Stories For Publication
- Do you have a story for us or need a promotion/advertisement? Submit them to CapitalNewsOnline via our
- Email email@example.com or
- WhatsApp CHAT US NOW