Thirteen out of twenty (20) projects under the One District One Factory programme have been earmarked for sod-cutting soon, the National Coordinator for the Secretariat, Gifty Ohene-Konadu has hinted.
“At the moment, 20 projects have received financial support. These projects went through evaluation at the Secretariat and have been approved by the banks. Out of the 20 projects, 13 are ready for sod cutting by the President while 6 projects are seeking to expand their operations,” she told members of the Parliamentary Press Corps at a training workshop in Prampram.
According to Madam Ohene-Konadu, one of the projects, the Lan Tianyi Soy Milk factory is due for commissioning on 7th August at Asutuare Juntion, off Akosombo road by the President.
The approved projects cover fruit processing, potato processing into bread and chips, cassava processing into ethanol, pharmaceuticals, garment manufacturing and cashew processing.
Also included are shea butter processing into cosmetics, tiles and brick production, avocado processing, carbonated beverage and timber processing.
“These projects are being funded by Ghana Exim Bank, GCB Bank, Barclays Bank and Stanchart. Other banks such as Exim Bank and GCB Bank have significantly supported the programme and will soon provide more funds to support some of the viable projects,” madam Ohene-Konadu explained.
Under the approved projects, Alfie Designs, a garment manufacturing company in the Greater Accra region, which has an amount of GH₵500,000 approved, is expected to be ready in three months, with the factory building 80percent complete.
There is also Sunharvest Fruit processing company limited in the West Akim district in Eastern region which received approval of approximately GH₵23million, with the factory building about 70percent complete. The company when complete is expected to generate over 105 jobs over two years.
Others are Akuapem Gold, also in the Eastern, which is an avocado processing for the local market and export is expected to generate 3,000 direct and indirect jobs over 3 years.
The major thrust of the 1D1F Initiative is to promote industrial processing of the produce of the rural areas so as to ensure that fair price compensation is awarded for their labour.
“By locating factories in the districts, the standard of living and community development would be enhanced. We need to be guided in the distribution of the national wealth since no nation has progressed without pursuing equitable and inclusive development agenda”.
All regions of Ghana, the Coordinator says have had adequate representation in the submissions received.
The analyses of the projects according to sectors indicate a heavily skewed trend towards Agro Processing. The sector taken 60.4percent of the proposals, whiles livestock processing and manufacturing come in that order with 16.6percent and 16.1percent of the proposals.
Furthermore, she also added that Ghanaians remain the dominant promoters who have submitted proposals as well as foreign investors.