Government is negotiating with banks to have special interest rates for potential investors with interest in seeking a financial support for establishing a factory under the One District One Factory programme, Coordinator of the programme, Gifty Ohene Konadu has said.
“The Minister of Trade and Industry has begun negotiations with the partnering banks to negotiate on a flexible rate for potential investors who wants to access financial facilities for the programme,” She told journalists in Accra.
Government’s quest to have one factory in every district of the country has been facing various financial challenges hence the move by the Trades Ministry to assist investors.
Trade Fair
As part of this year’s International Trade Fair and Exhibition, the Ghana Trade Fair Company earmarked the 3rd day of the event to discuss issues with the one District, one factory programme. Known as the 1D1F Business Seminar, the event served as a platform for financial institutions and potential investors to find ways of financing more projects.
Gifty Ohene Konadu said the government is working with the banks to have a flexible and common interest rate among all the partnering banks.
The secretariat has also disclosed that about seven manufacturing firms have received financial support from the banks this year and will take off soon.
The programme forms part of initiatives by the Trade fair company to support government’s industrialization programme.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
Alan promises to amend the Constitution to limit presidential powers
2 mins -
Ghana to face liquidity pressures in 2025, 2026 despite restructuring most of its debt – Fitch
5 mins -
NPP’s record of delivering on promises is unmatched – Bawumia
6 mins -
Mahama: It’s time to dismiss the incompetent NPP government
8 mins -
Today’s front pages: Monday, November 25, 2024
22 mins -
T-bill auction: Government misses target again; interest rates continue to rise
25 mins -
We have a bad technical team; Otto Addo and his team should go – Ernest Thompson
2 hours -
Hindsight: Why Accra Lions’ present problems do not define them
2 hours -
10-year-old Lisa Laryea arrives at Wits Donald Gordon Hospital in South Africa for bone marrow transplant
3 hours -
23 ambassadors inducted to take on 2025 GSTEP Challenge in three regions
3 hours -
Ghana Shea Workers Union inaugurated
3 hours -
Microsoft 365 under attack – how to bulletproof your business against cyber threats
3 hours -
I trust Bawumia; he has never lied to me – Akufo-Addo
3 hours -
Bawumia is hardworking; offers the youth platform to share ideas – Kow Essuman
3 hours -
IGP, Police commanders worship with churches in Ghana as part of security arrangements for 2024 elections
3 hours