27.2 C
Accra
Thursday, October 28, 2021
No menu items!

Trade Ministry woos 1D1F investors with bank facilities

Must Read

Traders at Mallam market cry over poor sanitation, harassment from land guards

By Seli Baisie Traders at the Mallam Market in Accra have expressed worry over poor sanitation and harassment from land...

Dr. Dampare must stand his ground – Security and Fraud Consultant says

By Henrietta Afful A Security and Fraud Consultant, Richard Kumadoe says the Inspector General of Police (IGP), Dr. George Akuffo...

Desist from coercing suspects to plead guilty- Lawyer tells Police

By Marie Aziz Tunde A Lawyer with the Western Regional Office of the Legal Aid Commission, Ebo Donkor is appealing...

The Trade and Industry Ministry says businesses that are still interested in government’s One-District-One-Factory, (1D1F), Programme, should not be discouraged in terms of access to funding because ten banks including GCB Bank and Exim Bank are currently supporting the project.

It says over 80 factories are already operating under the 1D1F project.

“Now we have ten banks supporting the 1D1F, so we request them to bring their business plans. We have some external consultants we have engaged so they first screen the projects to identify the viable ones, and those ones are then given to the banks. Based on the person’s own interest he or she will tell us which bank they prefer and then the banks also take them through their normal appraisal process and if they qualify they get the support. So, the financial support is already there,” Ernest Agyapong, Team Lead of the 1D1F initiative at the Trade Ministry, told CNR at the launch of SBS West Africa.

Mr. Agyapong says businesses should not hesitate in presenting their proposals.

“The whole programme is structured in such a way that private investors express interest to be part of the programme, then we ask them to bring their business plans because eventually, those who require financial assistance will land with these private banks that are supporting the programme.”

The 1D1F project is one of the government’s flagship programmes aimed at promoting industrialization.

Meanwhile, SBS Water Systems, a South African Company with its new and West African branch in Ghana is set to explore the local market with its premium liquid storage solution for multiple applications.

Chief Executive Officer of the company, Emmanuel Djan, says they are ready to partner with the government to provide water solutions to farmers across the country.

CNR

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Traders at Mallam market cry over poor sanitation, harassment from land guards

By Seli Baisie Traders at the Mallam Market in Accra have expressed worry over poor sanitation and harassment from land...

Dr. Dampare must stand his ground – Security and Fraud Consultant says

By Henrietta Afful A Security and Fraud Consultant, Richard Kumadoe says the Inspector General of Police (IGP), Dr. George Akuffo Dampare has brought a new...

Desist from coercing suspects to plead guilty- Lawyer tells Police

By Marie Aziz Tunde A Lawyer with the Western Regional Office of the Legal Aid Commission, Ebo Donkor is appealing to the top hierarchy of...

New Rector of GIMPA, Professor Samuel Bonsu confers with President Akufo-Addo

By Bright Ntramah. Chairman of the Governing Council of the Ghana Institute of Management and Public Administration (GIMPA), Kofi Asante, has appealed to the government...

Compensation concerns of Ayawaso West Wugon Bye Election victims referred to Attorney General

By Nathaniel Nartey Facebook: Nathaniel Nartey Twitter: @Annertey_Nartey Deliberations to determine the level of compensation for victims of the Ayawaso West Wuogon by-election have been referred to...

More Articles Like This