Graphic Business News

250,000 Jobs expected from 191 factories in 2018

By: Emmanuel Bruce
Category:
Alan Kyerematen — Minister of Trade and Industry
Alan Kyerematen — Minister of Trade and Industry

The One-District, One-Factory (1D1F) programme which was launched by the government in August this year is ready to take off in 2018.

The Ministry of Trade and Industry, having completed the technical, financial and commercial viability analysis of 462 proposals has identified 191 factories, covering 102 districts which will take off in 2018.

It is envisaged that these 191 district enterprise projects would collectively generate about 250,000 direct and indirect jobs.

As a result, the budget has allocated a minimum amount of GH¢2 million to each district assembly for the implementation of the 1D1F.

This was contained in the 2018 budget and economic policy statement which was presented to Parliament by the Minister of Finance, Mr Ken Ofori-Atta last week.

Out of the 191 projects selected for implementation, he said 104 of these companies would be operating in the agribusiness sector whilst 20 are businesses in the meat and poultr

He said 40 of them would be operating in the construction and building materials sub-sector, whilst the remaining 27 were businesses operating in the Cosmetics and Pharmaceuticals sectors.

The regional breakdown of the companies are; 35 in the Ashanti Region, 19 in the Brong Ahafo Region, 21 in the Central Region, 34 in the Eastern Region, and 28 in the Greater Accra Region.

The rest are 17 in the Northern Region, four in the Upper East Region, five in the Upper West Region, 10 in the Western Region, and 18 in the Volta Region.

80 companies to be revived

The finance minister also pointed out that the government had indentified 80 distressed companies who would benefit from its GH₵ 100 million stimulus package.

The stimulus programme was designed to support viable existing local companies that are currently distressed or are facing operational challenges but are deemed viable.

To date, he said over 350 applications from business operators have been received, out of which 80 have been assessed to be eligible for support in the first phase of the programme.

The second phase will involve the provision of a stimulus package consisting of technical and financial support to these eligible companies.

Out of the 80 beneficiaries, he said 48 operated in the agribusiness sector; 10 in the chemicals and pharmaceuticals industry; three in the electrical and electronics sector; five in the garment and textiles; six in the building materials industry; six in plastics and packaging; and two in the services sector.

Business development programme

To address the challenges faced by small and medium enterprises, he said Ghana Regional Appropriate Technology Industrial Service (GRATIS) Foundation trained about 660 apprentices and manufactured over 900 agro and non-agro equipment, with about 820 being used in the sanitation and waste management sector.

In 2018, he said GRATIS would continue to train craftsmen and apprentices as well as manufacture agro-processing equipment.

1,982 businesses established

He pointed out that the National Board for Small Scale Industries (NBSSI) also provided 2,968 tailor-made programmes for 56,669 entrepreneurs comprising 18,238 males and 38,430 females.

In addition, he said 1,982 new businesses were established, 1,277 clients adopted new improved technology, 666 Business assisted to access institutional credit, development of one in-house Business Incubator in Accra and 2,599 new jobs were created. — GB