The Ministry of
Trade and Industry has provided clarification regarding the number of companies
that have benefitted from the Ghana Exim Bank facility under the
One-District-One-Factory (1D1F) initiative.
Contrary to
earlier reports, Minister of Trade and Industry K.T. Hammond stated that a
total of 48 companies, not 60, have received support through the Ghc14 million
Exim Bank facility.
The 1D1F program
aims to assist the private sector in establishing at least one manufacturing
enterprise in each of the country’s 261 districts.
Previous reports
indicated that 48 companies had been supported under the 1D1F initiative.
However, the Minister of Trade and Industry, K.T. Hammond clarified in an interview
on the Citi Breakfast Show that the 48 companies specifically refer to those
who have been assisted through the Exim Bank facility.
He further
explained that there had been some confusion regarding the number of companies
due to a miscalculation by the Exim Bank.
Initially, it
was believed that 60 companies had received support, but upon closer
examination, it was determined that the correct number was 48.
“We are talking
about companies whose activities have been facilitated by the Ministry under
the 1D1F programme, that is not 60 or 48 that is in the region of 296. But the
question that I answered yesterday was that some money that had been disbursed
through Exim Bank, previously Exim Bank had indicated that the number of
companies on their list would look like 60, and my predecessor had to report in
Parliament that the number of companies that had been helped was 60.
“We were then
asked in Parliament to clarify the specific amount of each of the companies
involved. We checked that with the Bank and then they came back and said there
appears to be some miscalculation and it really wasn’t 60 but it was actually
48.”
The primary
objective of the 1D1F program remains to support the private sector and promote
the establishment of manufacturing enterprises in all districts across Ghana.
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