Trade and Industry Minister Alan Kyerematen said the government’s 1 District 1 Factory initiative had created 156,782 direct and indirect jobs.
He said it has helped a lot in solving the unemployment problem in the country.
Speaking at the 3rd National Public Conference of the Presbyterian Church in Ghana on “Unlocking Employment Prospects and Opportunities in Commerce and Industry” in Accra, he said 106 companies are currently operating under the initiative, which is one of ten strategic programs undertaken by the ministry to boost industrialization and job creation in the country.
“Under the 1D1F program alone, 106 businesses operating under the initiative created more than 156,782 direct and indirect jobs. The new strategic poles of economic growth such as the establishment of vehicle assembly plants, the manufacture of pharmaceutical products and the production of clothing, which have been the subject of particular attention by the ministry, are creating highly skilled job opportunities for Ghanaians,” he said.
He added that the ministry is focusing on strategic hubs such as strategic anchor industries initiatives that develop new strategic growth hubs to diversify the Ghanaian economy and industrial parks and special economic zones that provide support to private business developers to establish industrial parks in each of the 16 regions to improve access to land, utilities and business support services for industrial development.
“The development of small and medium-sized enterprises (SMEs) [is] promote the development of SMEs in different sectors of the economy, focusing on those with high growth potential,” he added.
Alan Kyerematen said that while his ministry works to develop the economy, it is playing its part to ensure that expanded market access and new market opportunities, particularly presented by the Continental Free Trade Area African, are put to good use.
“Currently, 46 countries have ratified the AfCFTA agreement, of which 43 have deposited their instruments of ratification, which means that Ghanaian companies producing in Ghana will have duty-free and quota-free access to these markets,” said he added.
While praising the Presbyterian Church in Ghana for its contributions to the development of different sectors of the country’s economy, Mr. Kyerematen assured that his ministry “will continue to engage the Presbyterian Church in Ghana and other organizations to identify innovative ways to expand the work”. prospects and opportunities in the trade and industry sector.
“I urge you all to take advantage of our new public-private dialogue framework to reach out to the ministry and other state institutions with your innovative ideas to tackle the problem of unemployment.”