The Finance Minister, Ken Ofori Atta has said, so far, 76 factories under the government’s flagship industrialization programme dubbed the ‘One District, One Factory (1D1F)’ initiative, has been completed and currently in operation across the country.
Additionally, he said 232 other projects are on course and are at various stages of implementation.
These developments, which form part of the government’s industrial development for job creation and economic transformation is anchored by partnership with the private sector.
“Not only have we leveraged private sector support through tax exemptions valued at GH¢ 34miilion, the government has directly spent GH¢ 210.03 million as support to existing factories and for the construction of new factories,” he stated.
He noted that the industrial agenda has certainly enhanced the prospects for more jobs for Ghanaians.
Presenting the 2020 mid-year budget in Parliament, Mr. Ofori Atta also noted that there has been ease on “the credit constraints faced by 97,876 small and micro enterprises, mostly in the formal sector, under MASLOC with an amount of GH¢99.30 million between 2017 and end 2019.”
This intervention, he said, continues to help these enterprises to thrive and sustain the employment of Ghanaians, especially women.