search-icon
Politics

If NDC Borrowed For Infrastructure, We Can Borrow For 1 District 1 Factory – Alan Kyeremanten

blank
Designated Minister for Trade, Alan Kyerematen, facing the vetting committee of parliament today, reiterated that the NPP government is committed to its 1 District 1 Factory promise.

READ ALSO: Mahama Nullifies 2017 UN Appointment 

Though Alan Kyerematen is not certain when Ghanaians shall see the first district factory by the NPP, he indicated financial constraints will not be a hinder.

He told the committee that if the previous NDC government can borrow to build infrastructure which has no commercial returns, then his administration can borrow to help the private sector build factories and to create employment.

He also explained the gestation period for a new factory is one and half-year or two years but this does not mean it will take the party that long to establish the factories.

READ ALSO: Kojo Antwi To Become State Minister In Nana Addo’s Administration? 

According to Mr. Kyerematen, the government will support existing companies (factories) to become viable district enterprises and this might take six months for Ghanaians to see the 1st NPP 1 district – 1 factory initiative.

The old Santa Clausian who enrolled in Adisadel at age 9 also commended the NDC on the initiative to rebuild old markets and promised he will continue the legacy.



READ ALSO: Refused A UK Visa? CLICK HERE FOR HELP

CLICK HERE to subscribe to our daily up-to-date news!!

POPULAR POSTS

LATEST NEWS

MORE FROM Politics

Leave a Reply