{"id":614543,"date":"2019-05-08T11:23:30","date_gmt":"2019-05-08T11:23:30","guid":{"rendered":"
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\"Struggling<\/p>\n
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\"Struggling
\nMinister of Trade and Industry, Alan Kyerematen <\/span>
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The Minister of Trade and Industry, Alan Kyerematen says government has not sidelined ailing state-owned factories in the implementation of the One District One Factory project.<\/p>\n

Mr. Kyeramanten, however, said government is being restricted because of the business module of the initiative which requires some private investment in the state-owned factories.<\/p>\n

Though he said on the Citi Breakfast Show<\/strong> that the state had classified ailing ventures like the Komenda Sugar Factor, Aveyime Rice Factory and the Pwalugu Tomato Factor as potential One District One Factory project factories, he said the \u201cgovernment is not interested in still holding on to these companies.\u201d<\/p>\n

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\u201cWe are looking for strategic investors in the case of these companies then they can move on to become 1D1F [One District One Factory project] because they have to transition from state-owned enterprises to privately owned 1D1F companies. So they have not been excluded,\u201d said the Minister.<\/p>\n<\/blockquote>\n

Mr. Kyerematen said the government required private sector input to keep such companies running.<\/p>\n

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\u201cIf the private sector is supported to invest in these factories then it becomes sustainable because it is owned by the private sector and that is the basis for our business module,\u201d he added.<\/p>\n<\/blockquote>\n

There are currently 57 of the One District One Factory projects operational out of 181 planned projects.<\/p>\n

About 95 percent are local companies while four percent are joint-venture companies.<\/p>\n