The Deputy Minister for Trade and Industry, Robert Ahomka-Lindsay has said that, the Akuffo Addo government will deliver in all 216 districts its flagship program, the One District, One Factory (1D1F) project by end of 2020 as promised in the party’s manifesto. He disclosed that, the northern region alone has secured about 24 business plans that have gone through credit control and therefore ready to start.
According to Mr. Ahomka-Lindsay, the Ministry received 734 business plans through the One District, One Factory secretariat last year, of which 600 were analyzed and 319 out of the figure were bankable. He said, the Northern region have 24 business that have been approved for funding and are ready for the district implementation teams to go. That is why we are so confident we would deliver those areas.
The Deputy Minister stated that, running a business is something that should not be on bad foundation. He said that, if you build a bad foundation for a business like a house, the first time it rains, the whole thing will collapse. He noted that, government has learnt lessons over the years what happens, when you try and spend time in analyzing what needs to be done, when you try and spend time not ensuring that you learn the mistakes from the past in going forward, that you end up recreating the problems.
“We know the easiest way would have been for government to just build 26 factories but we also know because of our history that those factories becomes white elephants and that is not what we are interested in, Ghana needs to industrialize like our president has said; to industrialize the private sector must lead that process, to lead that process government must do its role, set the right environment, set a clear strategy and that is critical, he indicated.”
The Deputy Trade Minister said this to Journalists on the sidelines of an engagement forum with the various Metropolitan, Municipal and District Chief Executives and Heads of Government Institutions in Tamale. This was also to launch the District Implementation Support Team (DIST).
Mr. Robert Ahomka-Lindsay revealed that, about 50 per cent of the business currently are agro processing and was quick to say we should be surprise that. He indicated that, we are working in all our plans base on our natural endowment, what it is that we have a comparative advantage in and we shouldn’t be surprise about half of the projects are agricultural processing but it is not just agriculture, we have one company here looking to use clinical into cement. Therefore, there are a number of areas we are involved in but let me state these are private sector led, we are not building factories as a government.
story by: Mohammed Gadafi, northstarfmonline.com _ firstname.lastname@example.org