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Gov’t introduces stimulus packages for ailing b’nesses

The National Coordinator of the One-District-One-Factory initiative, Gifty Ohene-Konadu, has said in addition to the government’s nationwide industrialisation drive, stimulus packages to assist struggling companies have also been developed.

The stimulus packages, she said, are meant to restore such firms to their glory days as the government looks to introduce new ones.

Speaking on the implementation of the One-District-One-Factory policy in an interview with Chief Jerry Forson, host of Ghana Yensom on Accra 100.5FM on Friday April 21, Ms Konadu said: “The government also has a stimulus package to assist ailing companies.

“My focus now is on the implementation of the One-District-One-Factory project, but I am sure the Ministry of Trade and other stakeholders will look at how best to assist the companies that are struggling,” she added.

Meanwhile, the “One-District-One-Factory” programme will be launched in June this year with work on 10 new factories already underway.

Besides government’s commitment, she said interest in the programme had generated investment pledges and commitments to a tune of US$3billion.

The One-District-One-Factory programme is a flagship industrialisation programme promised by the NPP during the 2016 electoral campaign. It is aimed at building a factory in each of the 216 districts of the country.

The programme, which will be implemented with the private sector, will also provide business support services and capacity building, mentoring and coaching.

It will also provide networking opportunities, assistance with financial planning and financial management, regulatory and legal compliance, links to strategic partners for market and community access.

She said the secretariat is encouraged by an intense interest of the public determined to take advantage of the policy.
Source: Ghana/AccraFM.com/100.5FM

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