AGI CEO Pledges Support For “One-District-One-Factory” Policy

| Updated Sep 02, 2017 at 5:46pm

 

 

The Chief Executive Officer, Association of Ghana Industries (AGI), Seth Twum-Akwaboah, says the Association will help to ensure the success of the "One-District-One-Factory" (1D1F) policy.

He said the Association and the Government has secured a two billion dollar credit facility from the China National Building Materials Group Corporation (CNBM) towards the initiative and urged members to pool resources together to access the facility.

Mr. Twum-Akoaboah said this when he addressed members at the sixth Volta/Eastern regional annual general meeting in Ho held under the theme: “District Industrialisation Initiative, a Tool for Economic Development and Job Creation”.

He said the facility will help provide long term loans and technical support towards success of the initiative.

He said a constant supply of raw materials is crucial to the operation of factories and revealed that the Association is partnering Centre for Scientific and Industrial Research to develop quality products.

The Team Leader of 1D1F, Ernest Agyapong, said a stimulus package has been prepared to help identify ten strategic anchor industries such as the chemical, iron/steel, and garment, to make them operational and competitive.

He said a policy to support Small to Medium Scale Enterprises, which constituted about 75 per cent of Ghana’s industries, is also being developed.

Mr. Agyapong said the Ghana Export Promotion Authority will be engaged to build the capacities of industrialists towards export diversification, adding that government would construct industrial parks and economic zones in all ten regions.

He said Ghana has dropped from 62 to 108 on the global investment destination index and that four major indicators including cross-border trade, access to power and construction permits, have been identified to help re-position the country.

National Coordinator, (1D1F), Mrs. Gifty Ohene-Konadu, said land acquisition remained an issue and appealed to chiefs and individuals to make lands available for the projects.

SOURCE: GNA



POST A COMMENT 0