Don’t Expect “Overnight” Construction Of Factories


Don’t Expect “Overnight” Construction Of Factories


The Trade and Industry Minister Alan Kyerematen has told Ghanaians not to expect an ‘overnight’ springing up of factories across the country as part of the government’s one-district-one-factory initiative.

Mr Kyerematen was speaking at the National Policy Summit in Tamale.

He explained that it takes some time to put up a factory or any sort of building and asked that the government is given time to complete the buildings and equip them.

‘For us to appreciate, how long it takes for a factory to be established, my brothers and sisters, if you decided to build your house, a house to accommodate yourself, not a factory how long does it take? Sometimes one year, two years, three years.’

‘Even if you have money and you go to a shop that you want to buy a factory, you will not be able to get the factory to buy from the shop; you will have to first have a document that tells you what kind of equipment and machinery, that alone can take probably another six months, for you to build the factory itself it may take another one, one and half year, so please we need a lot of patience,’ he added.

The government has so far received over 700 proposals from investors who want to be part of the programme, he said.

The factories, predominantly manufacturing plants, are expected to create at least 5000 jobs across the country.

The programme is essentially a public-private partnership for ensuring the nationwide spread of industrialisation in all 216 districts of Ghana.

According to the secretariat, in 2017 a total of US$3billion has been raised in pledges, signalling strong foreign and local investor confidence in the programme.





Source link


Like it? Share with your friends!

17
0
17 shares

What's Your Reaction?

eiii eiii
0
eiii
hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
win win
0
win

0 Comments

Your email address will not be published. Required fields are marked *

You may also like

More From: Business

DON'T MISS

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format