Minister Designate for Trade and Industry hopeful of serving a second term in Akufo-Addo’s government has said the 1 District 1 Factory Initiative of the Akufo-Addo government which implementation he led is the single most revolutionary intervention by any government since independence.
“It is appropriate for me to indicate that the One District, One Factory initiative, which has been led by the Ministry of Trade and Industry is one of the most revolutionary interventions to have been introduced in our country since independence” adding that the 1D1F “goes to the core of bringing industry and development to the doorsteps of ordinary people and that is why we pursued this whole programme with aggression.”
Appearing before the Appointments Committee for vetting, Mr. Kyeremateng said 139,331 kobs were created directly and indirectly by President Akufo-Addo with 168 companies and 232 projects are currently operational. He projected that 285,915 jobs will be created in addition as Akufo-Addo begins his second term.
“Through the intervention of 1D1F, 139,331 direct and indirect jobs have so far been created by the 76 companies that are already operational. 285,915 additional direct and indirect jobs are projected from the projects that are under construction,” he said.
He also indicated that 68 of the 232 1D1F projects are existing companies.
“Currently we have 232 1D1F projects at various stages of implementation. Contrary to comments that 1D1F is just an attempt to brush up on existing companies, if you look at the statistics, only 64 of the 232 companies are existing. 168 of them are new companies.” He explained.
