Business News of Thursday, 25 April 2019Source: citinewsroom.com1D1F: 45 factories currently operational – Ahomka-LindsayAhomka-Lindsay, Deputy Minister of Trade and IndustryThere are currently 45 of the One District One Factory projects operational out of 181 projects already on the drawing board, according to Deputy Minister of Trade and Industry, Robert Ahomka-Lindsay. Aside from 22 of the 181 projects, which are under construction, the remaining projects are set to commence implementation before the end of 2019. Of the 181 factories on the drawing board, 52 of them are existing ones while the remaining 129 have been categorised as new, Mr. Ahomka-Lindsay outlined. Speaking on Citi TV’s The Point of View, he said his outfit expects all the 181 factories to “be up and running” by the end of 2019. There are wonderful things we have done in the reduction of the interest rate… So one of the key intervention government has done, is to subsidise the interest rate for these businesses so that they end up paying just 10 percent of interest rate to the bank.
Source: GhanaWeb April 25, 2019 09:56 UTC