{"id":3278,"date":"2021-12-17T19:11:45","date_gmt":"2021-12-17T19:11:45","guid":{"rendered":"https:\/\/expressnewsghana.com\/?p=3278"},"modified":"2021-12-17T19:43:32","modified_gmt":"2021-12-17T19:43:32","slug":"over-gh%c2%a2207m-under-1d1f-initiative-cannot-be-accounted-for-by-trade-ministry-kofi-buah-alleges","status":"publish","type":"post","link":"https:\/\/expressnewsghana.com\/?p=3278","title":{"rendered":"Over GH\u00a2207M under 1D1F initiative cannot be accounted for by Trade Ministry- Kofi Buah  alleges"},"content":{"rendered":"\n<p><strong>The Minority caucus has called for disclosure regarding an amount o<\/strong>f <strong>GH\u00a2207 million which the Ministry of Trade and Industry could not readily account for under the One District One Factory project<\/strong>.<\/p>\n\n\n\n<p>According to the Ranking Member on the Trade and Industry Committee of Parliament, Hon Emmanuel Armah Kofi Buah, out of GH\u00a2269 million allocated for the payment of interest subsidies for some firms under the One District, One Factory (1D1F) policy, the Ministry could only account for about GH\u00a262 million at the budget hearings.<\/p>\n\n\n\n<p>\u201cThe government has taken the taxpayers\u2019 money of GH\u00a2269 million and that is clearly in the report which says they have given that money to a list of banks to support the derisking of these loans that are given to these companies,\u201d Mr. Buah complained.<\/p>\n\n\n\n<p>Speaking to Journalists in Parliament on Friday, December 17, 2021, after the approval of the estimates for the Ministry of Trade and Industry on Friday, December 17, 2021, Hon Kofi Buah demanded greater transparency in the incentives regime of the government\u2019s flagship policy on industrialization.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/expressnewsghana.com\/wp-content\/uploads\/2021\/12\/IMG_20211217_135921_2-1-1024x576.jpg\" alt=\"\" class=\"wp-image-3280\" srcset=\"https:\/\/expressnewsghana.com\/wp-content\/uploads\/2021\/12\/IMG_20211217_135921_2-1-1024x576.jpg 1024w, https:\/\/expressnewsghana.com\/wp-content\/uploads\/2021\/12\/IMG_20211217_135921_2-1-600x338.jpg 600w, https:\/\/expressnewsghana.com\/wp-content\/uploads\/2021\/12\/IMG_20211217_135921_2-1-300x169.jpg 300w, https:\/\/expressnewsghana.com\/wp-content\/uploads\/2021\/12\/IMG_20211217_135921_2-1-768x432.jpg 768w, https:\/\/expressnewsghana.com\/wp-content\/uploads\/2021\/12\/IMG_20211217_135921_2-1.jpg 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>\u201cUnfortunately, the Ministry was only able to account for GH\u00a262,281,484. What it means is that a total amount of GH\u00a2207,407,899 has not been accounted for. As far as we are concerned, that amount of money is missing\u2026Alan Kyerematen must come clean and explain where the amount of over GH\u00a2207 million is.\u201d<\/p>\n\n\n\n<p>The 1D1F policy is one of the flagship programmes by the Akufo-Addo-Bawumia led government.<\/p>\n\n\n\n<p>The President,&nbsp;<strong><a href=\"https:\/\/citinewsroom.com\/2021\/06\/1d1f-initiative-will-help-create-jobs-for-ghanaians-lets-ensure-its-success-nana-addo\/\" target=\"_blank\" rel=\"noreferrer noopener\">Nana Addo Dankwa Akufo-Addo<\/a><\/strong>, had earlier said the initiative has come to stay.<\/p>\n\n\n\n<p>According to him, the initiative holds the key to Ghana\u2019s industrialisation agenda.<\/p>\n\n\n\n<p>President Akufo-Addo insisted that sustaining the policy would lead to numerous job opportunities for the citizenry.<\/p>\n\n\n\n<p><strong>Source: expressnewsghana.com<\/strong><\/p>\n\n\n\n<p><strong>Send your news stories and articles to <a href=\"mailto:expressnewsgh@gmail.com\">expressnewsgh@gmail.com<\/a> or via WhatsaPP +233 543 900 732<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Minority caucus has called for disclosure regarding an amount of GH\u00a2207 million which the Ministry of Trade and Industry could not readily account for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,20,17],"tags":[337],"class_list":["post-3278","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","category-parliamentary","category-politics","tag-minister"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Over GH\u00a2207M under 1D1F initiative cannot be accounted for by Trade Ministry- Kofi Buah alleges - Express 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