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18 Factories To Receive Govt’s Stimulus Support   
 
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10-Oct-2018  
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Eighteen factories have qualified to benefit from the government’s stimulus support under its flagship One-district, One-factory (1D1F) initiative. The qualified factories have been accredited by the government for the 1D1F.

Fifty more factories are expected to be accredited by the end of the year to enjoy the stimulus package.

Addressing a news conference in Accra yesterday, the Minister for Information designate, Mr Kojo Oppong Nkrumah, explained that under the stimulus package, the government would facilitate the provision of equipment for the beneficiary factories and also provide them with tax incentives. 

When asked if the 18 factories had commenced operations, Mr Oppong Nkrumah said some of them were functioning, while others were at various stages of completion.

“So far, 18 of such factories have been accredited. 

President Nana Addo Dankwa Akufo-Addo has visited and inaugurated some of these 18 factories,’’ he said.

Criticisms 

The ID1F is an initiative by the Nana Addo Dankwa Akufo-Addo administration aimed at transforming the country into an industrial hub.

During the 2016 campaign, the New Patriotic Party (NPP) promised to spearhead the establishment of a factory in each of the 216 metropolises, municipalities and districts across the country.

Critics described the initiative as nothing more than a campaign gimmick used by the NPP to capture power.

Mr Oppong Nkrumah accordingly refuted assertions by critics that the government promised to set up the factories itself.

“Government never said that it would build the factories on its own. The administration has consistently said that it will facilitate the efforts of the private sector to establish these factories. 

And that is exactly what we are doing,” he explained.


 
 
Source: graphic.com.gh
 
 

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