By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Starr FmStarr FmStarr Fm
  • Home
  • Election Hub
  • General
    GeneralShow More
    Deputy Minority Leader declines inclusion in Ghana’s ECOWAS delegation after reconstitution
    July 22, 2025
    Attorney-General drops charges against Kwabena Duffuor and seven others
    July 22, 2025
    Chief Of Staff eulogizes late Prof Mills at 13th commemorative lecture
    July 22, 2025
    Bawumia may never be president, only flag bearer – Jantuah
    July 22, 2025
    Restoring Bawku statue a strategic step toward peace – Security Analyst
    July 22, 2025
  • Business
    BusinessShow More
    Government to announce bold measures in 2025 Mid-Year budget review on July 24
    July 22, 2025
    2025 Mid-Year Budget must prioritise SMEs and economic resilience – Dr. Philip Takyi
    July 22, 2025
    Veep calls for strong regional collaboration against illicit financial flows
    July 21, 2025
    Dr. Johnson Asiama speaking at the Graphic Business/Stanbic Bank Breakfast Meeting on forex and economic growth
    The Cedi will hold – BoG Governor assures stability
    July 18, 2025
    BoG vows to safeguard economic gains while supporting recovery
    July 18, 2025
  • Politics
    PoliticsShow More
    Deputy Minority Leader declines inclusion in Ghana’s ECOWAS delegation after reconstitution
    July 22, 2025
    Bawumia may never be president, only flag bearer – Jantuah
    July 22, 2025
    Parliament passes MahamaCares Bill
    July 22, 2025
    Patricia Appiagyei replaces Afenyo-Markin in Ghana’s ECOWAS delegation
    July 22, 2025
    Delegates unhappy with Bawumia’s special treatment – Kwasi Kwarteng
    July 22, 2025
  • Entertainment
    EntertainmentShow More
    The Weeknd & Shakira to headline 2025 Global Citizen Festival with Tyla, Ayra Starr & Mariah The Scientist
    July 22, 2025
    ACP partners MiPrime Entertainment to Champion Investment in Ghana’s Creative Industry
    July 21, 2025
    I want music to be my legacy, not fame – Rocky Dawuni
    July 18, 2025
    The sense to minister with music came early – Rocky Dawuni
    July 18, 2025
    “You can’t be a Black man and worship a white God” – Rocky Dawuni
    July 18, 2025
  • Sports
    SportsShow More
    Sports Minister rallies Black Queens ahead of WAFCON semi-final with Morocco
    July 22, 2025
    Ghana and Serbia forge strategic sports partnership with landmark MoU
    July 22, 2025
    Ghana to host historic Rugby League Tri-Nation Series this November
    July 21, 2025
    Ghana’s para-athletes set off for South Africa ahead of 2026 Commonwealth Games
    July 18, 2025
    University of Ghana stadium to host WAFU B U-20 finals
    July 17, 2025
  • Technology
    TechnologyShow More
    Samsung Ghana unveils 2025 TV line-up
    July 22, 2025
    Osman Ayariga speaking on youth empowerment and AI at World Youth Skills Day event
    “Youth should not see AI as competition, but as a digital tool” – Osman Ayariga
    July 17, 2025
    Samsung Introduces Future-Ready Mobile Security for Personalized AI Experiences
    July 16, 2025
    Samsung Electronics acquires Xealth, bridging the gap between wellness and medical care
    July 16, 2025
    Samsung Galaxy Z Flip7: A pocket-sized AI powerhouse with a new edge-to-edge flexwindow
    July 10, 2025
  • International
    InternationalShow More
    Education Minister Haruna Iddrisu signs MoUs with GEICO and CMS Group for new public universities
    Education Minister signs MoUs with GEICO, CMS Group to establish two public universities
    July 15, 2025
    Presidency terminates Zoomlion’s contract over concerns of impropriety and inflated billing
    Mahama pushes AU–CARICOM partnership to strengthen global reparations push
    July 14, 2025
    47th AU Forum: Ablakwa criticizes $1.2m AfCFTA allocation as ‘highly insufficient’
    July 10, 2025
    Minority demands audit over $1.2m passport relaunch cost and delays
    July 9, 2025
    Minority demands compensation for citizens stranded by US embassy closure
    July 9, 2025
  • Factometer
Search
© 2024 EIB Network Ltd. All Rights Reserved.
Reading: ID1F projects not State Enterprises –  Alan
Share
Notification Show More
Font ResizerAa
Starr FmStarr Fm
Font ResizerAa
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Search
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Have an existing account? Sign In
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
BusinessHeadlines

ID1F projects not State Enterprises –  Alan

Starrfm.com.gh By Starrfm.com.gh Published September 26, 2018
Share
Alan Kyerematen - Minister of Trade
Alan Kyerematen - Minister of Trade
SHARE

Trade and Industry Minister, Mr. Alan Kyerematen, has said factories to be built under the ‘One District, One Factory’ policy initiative by the NPP are not to be owned by the State and will partake in commercial activities as legal entities created by private investors.

“When we talk about one factory in every district, this is not to mean that government is going to establish State enterprises,” the minister stressed.

“Because we all know the fate of State enterprises. All the State enterprises that were established many years ago where are they now? So getting the State to establish industries or enterprises in Ghana has not been sustainable, it means that, what the government is doing is rather to encourage the private sector to establish these factories and then government will support them.”

Speaking at the National Policy Submit in Tamale, he added that the One District, One Factory programme has a “critical distinction” in concepts, requiring the “participation and enthusiasm of business people to make it work, unlike the Free Senior High School, Planting for Food and Jobs, National Health Insurance, which are fully funded by government.”

“So unlike other government programme where government actually in the driver’s seat and government is using its own resources to fund its programme – Free SHS, Plating for Food and Jobs, National Health Insurance, this ‘One District, One Factory’ is very different”.

“So when people start asking where are your factories, the explanation is that it’s supposed to be a partnership between government and then the private sector,” Mr. Kyerematen cleared.

The Minister rejected suggestions of lack of investor interest by critics, suggesting that though some 700 business proposals had been received since 2017, government is in different stages of efforts to make the initiative feasible but also cautioned people not to expect the factories “to spring up overnight”.

“For us to appreciate how long it takes for a factory to be established, my brothers and sisters, if you decided to built your house, a house to accommodate yourself, not a factory how long does it to take. Sometimes one year, two years, three years,” Alan stated.

“Even if you have money and you go to a shop that you want to buy a factory, you will not be able to get the factory to buy from the shop; you will have to first have a document that tells you what kind of equipment and machinery, that alone can take probably another six months, for you to build the factory itself it may take another one, one and half year, so please we need a lot of patience”.

He said the only role government will play in setting up these factories is to facilitate access to financial credits and infrastructures.

Source: Ghana/Starrfmonline.com/103.5FM/Eliasu Tanko

You Might Also Like

Deputy Minority Leader declines inclusion in Ghana’s ECOWAS delegation after reconstitution

Attorney-General drops charges against Kwabena Duffuor and seven others

Chief Of Staff eulogizes late Prof Mills at 13th commemorative lecture

Bawumia may never be president, only flag bearer – Jantuah

Parliament passes MahamaCares Bill

TAGGED:1d1fAlan Kyerematen
Share This Article
Facebook Twitter Email Print
Share
Previous Article Former president John Mahama during the 2016 campaign NDC polls: Mahama storms Central region today
Next Article Expired food items to Bagre dam victims an error – NADMO

Starr 103.5FM

Starr FmStarr Fm
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
newsletter icon
Join Us!

Subscribe to our newsletter and never miss our latest in news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?