Monday, 15 January 2018

1D1F to commission 3 agro-processing factories

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Adnan Adams Mohammed

Government has stated that it is not reneging on its promise to ensure the establishment of one factory in each district.

According to Coordinator of Projects at the One District-One Factory Secretariat, Gifty Ohene Konadu, some three agro-processing factories are ready for sod cutting.

The factories are Amantin Agro Processing Plant, Asikess Ventures Limited and Adaklu Agro Processing Plant.

Speaking to the claims that the Secretariat has failed to implement the government’s flagship programme, Gifty Ohene Konadu, said the Secretariat has forwarded 60 business plans and proposals to some participating financial institutions to be studied.

“We have gone over and over the target, this whole thing is a private sector initiative, the project belongs to the private sector, but as a government, we are playing a facilitation role, “she said.

President Nana Addo Dankwa Akufo-Addo gave assurance somewhere last year, that each of the 216 districts across the country would get a factory during his administration.

According to him, the setting up of these factories across the country, will not only ensure the rapid industrialization of Ghana’s economy but also, result in the creation of thousands of jobs, needed by the masses of unemployed Ghanaian youth.

Each district to get Ghc2m for 1 district, 1 factory The Ministry of Finance while reading the 2018 budget statement said government will allocate at least GhC2 million to each metropolitan, municipal and district assemblies for the implementation of the one district, one factory programme.

During the presentation of the 2018 budget statement, the Minister said that 191 companies have been selected for implementation.

Again, the Secretariat noted that, it is gearing up to commission 69 more factories in the course of the year.

This forms part of proposals sent to the various banks for support to complement the efforts of the government in delivering its promise of a factory each in the 273 districts across the length and breadth of the country.

The breakdown of the distribution is as follows: Greater Accra Region – 11, Brong-Ahafo – 5, Ashanti – 12, Central – 5, Western – 6, Volta – 3, Eastern – 12, Northern – 12, Upper East – 2 and Upper West – 1.

National Coordinator indicated that the secretariat had forwarded 60 business plans and proposals to some participating financial institutions to study; 28 of such proposals have been submitted to GCB Bank and the remaining 41 to Ghana EXIM Bank.

The business plans, she added, were submitted between October 6 and 21 December, 2017. Ten additional projects have also been submitted to the African Development Bank (AfDB) for infrastructural support.

According to Madam Ohene Konadu, four of the business proposals had been processed by the banks and credit reports written on them for onward submission to the Risk Department and Board for final approval.

Four of the business proposals are still in the processing stage, with the promoters of these businesses expected to provide further documents to the financial institutions.

The banks, she further disclosed, had also made initial contacts with 42 promoters and are waiting for them (promoters) to provide the necessary documentation in order for their applications to be processed.

The proposals thus far cover five broad sectors namely, agro-processing – livestock (10), agro-processing – crop (27), hospitality/fashion (15), manufacturing (other than agro products) (16) and health (1).

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