181 FACTORIES ENROLLED UNDER ONE DISTRICT ONE FACTORY PROGRAMME

One hundred and eighty-one factories have been enrolled under the government’s One District One Factory (1D1F) programme since its launch in 2017.

Fifty-seven of them are currently operating, while 22 are still under construction.

Giving a breakdown of the figures,Trade and Industry Minister Hon Alan Kwadwo Kyeremanten said 33 factories being financed by seven local banks will commence implementation before the end of 2019.

Another 56 being small-scale processing facilities and financed by the African Development Bank (AfDB), will commence before the end of 2019.

$200,000 has been earmarked for each of the 56 projects, the Minister said.

The 56 small-scale processing facilities will be owned by youth groups who will be trained to manage the facilities.

Mr Kyeremanten also noted that the AfDB had earmarked $2 million to commence the implementation of five common user-processing facilities which would be managed by farmer groups.

The Minister indicated that some Chinese banks had earmarked $400 million for the implementation of eight projects which will be ready to commence implementation before the end of 2019.

He said that was why out of the 181 factories which have been established, 129 are new companies under the 1D1F while 52 of them are already in existence.