Politics

Over GH¢260 million disbursed as interest subsidies for 128 1D1F companies

The government has spent over GH¢260 million as interest subsidies on 128 One District, One Factory (1D1F) Companies.

This was revealed by the Minister for Trade and Industry, John Alan Kyerematen, who said over the last four years of the Akufo-Addo administration, a total amount of GHS 260,961,056.42 has been disbursed as interest subsidy for 128 1D1F Companies to support loan facilities granted to the Companies by Participating Financial Institutions (PFIS).

Responding to a question by the Bole/Bamboi Member of Parliament, Yusif Sulemana, on how much has been expended on subsidizing loan interests for One District One Factory companies, and the list of beneficiaries with matching amounts in the last four years, Mr Kyerematen said the PFIs have approved loans totaling GHS 2.69 billion on the back of the interest subsidies, of which GHS 1.66 billion has already been disbursed.

|Adomonline

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