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GHC1.8 billion disbursed to 1D1F companies – Trade Minister

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Companies that expressed interest to participate in the One District One Factory (1D1F) programme are set to benefit from a GH2.4 billion government support.

A total amount of GHS1.8 billion has so far been distributed by Participating Financial Institutions (PFIs) to the identified companies.

Minister of Trade and Industry, Alan Kwadwo Kyeremanten disclosed this during question time in Parliament.

A question that stood in the name of the member for Kumbungu, Ras Mubarak, asked whether any funds have been released and disbursed to individuals or companies interested in the 1D1F programme and who the beneficiaries are.

Mr. Alan Kyeremanten indicated that the Ministry, in collaboration with the selected Participating Financial Institutions (PFIs) has provided financial support to 172 companies under the 1D1F programme since 2017.

According to him, the Ministry has so far disbursed GH¢191,561,056.48 to the PFI, who have leveraged this amount with additional funding and then released to the beneficiaries as interest subsidies or counterpart financing for loan facilities.

The Minister explained that the 1D1F programme is a Public-Private-Partnership (PPP) programme that advertised for interested companies to apply.

A determination, he said, was subsequently made with regards to which of the companies deserve to be included in the programme to be given financial support.

He explained that the Trade and Industry Ministry does not give direct financial support to any of the shortlisted companies as the questioner sought to suggest but rather to the PFIs who then release the funds to the beneficiary companies.

The 1D1F programme is a key component of the Industrial Transformation Agenda of the President Nana Aklufo-Addo Government.

The Government’s role in this programme is to facilitate the establishment of District Enterprises by creating the enabling environment including the provision of infrastructures such as access roads, water and electricity.

The programme is a private sector-led initiative which means that factories to be established under the programme will be owned and managed by private investors.

The government can, however, invest up to 30% equity in enterprises that require its participation.

The programme aims at establishing at least one medium to large scale factory in all the 254 Districts in the country.

This means that a District could have more than one factory depending on its resource base.

The emphasis on medium to large scale is due to the fact that the enterprises to be established are expected to impact positively and significantly on the economies of the Districts including the creation of jobs, stable income for the residents and improved livelihoods.

 


Sourced from: omanfmghana.com

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Akufo-Addo is no longer my friend – Boakye Agyarko

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Akufo-Addo is no longer my friend

Akufo-Addo is no longer my friend – Boakye Agyarko

Most people in the government have already shown their dishonesty to the president and already called themselves out of the game plan. Hon. Agyarko Boakye was a great member of Parliament who was appointed at the early ruling stage of Nana Addo Dankwa Akufo-Addo.

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In an interview, Boakye Agyarko has revealed he does not talk to the President anymore. According to him, he trusted the president but he betrayed him.

He declared Nana used to be one of his best pals in Ghana but right now they are no more friends, He emphatically illustrated that even when it comes to marriage, people can marry for about 30 years and still go in for divorce.

He stated emphatically that the last time he spoke with the president was over a year ago and since then he has not spoken with the President again.

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These plants have power to ward off evil spirits from home

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Oregano - plants have power

These plants have power to ward off evil spirits from home

Human environments are surrounded by different kinds of spirits that most of us can’t see with our eyes. But nature has its own way of protecting these environments with plants and other creatures that only those with spiritual divinity can foretell.

The Holy Bible even emphasizes that plants have spiritual powers that can redeem mankind from different problems in life. Plants as science have made us understand manufacture their own food for energy by making use of sunlight, water, and carbon dioxide from mankind and bear food and oxygen for humans survival.

This scientific process, therefore, explains the power that lives within plants that can even ward off evil spirits from our environment.

But not all plants have this ability. The following five plants have been well interpreted by people with spiritual divinity to have the potency in driving away bad spirits;

 

1. Saint George’s sword plant

 Saint George's Sword

IMAGE SOURCE: Google Unclassified Images

This plant has so many spiritual potencies. In Nigerian culture, it is believed that Saint George’s Sword Plant is used in rituals to remove evil eyes. Even apart from this spiritual benefit, the plant also has the potency of filtering the indoor air, removing 4 out of the 5 main toxins involved in the effects of sick building syndrome (Wikipedia). To use this potted plant to ward off bad spirits, it is ideal to place it outside your front door.

 

2. Peace Lily plant

Peace Lily plant

IMAGE SOURCE: Etsy.com

This tiny potted plant has a unique way of confirming an attack from a bad spirit in the environment. If the plant wilts on its own without any sign of bad care, there are bad energies (spirits) that sucked all of its energy. This plant can be placed in bathrooms in a small vase.

3. Guinea plant

freycinetia new guinea

IMAGE SOURCE: Wikimedia

This powerful plant has the potency in driving out bad obsessive spirits that torment people to death.

 

4. Rue plant (Herb-Of-Grace)

Rue It’s no surprise that this plant is also called herb-of-grace. It serves as one of those plants that guard mankind against spirits of hatred, whether from live humans or spirits who have passed on.

In the Holy Bible, Rue is once quoted in Luke 11:42: “But woe unto you, Pharisees! For ye tithe mint and rue and all manner of herbs”.

This powerful plant is a must-have in all households.

5. Oregano Plant

Oregano

IMAGE SOURCE: Mountain Crest Plant

Oregano Plant is a low-maintenance herb that may be kept both indoors and outdoors. The plant is ideal for growing in drought-prone places because it is native to hot, arid climates.

Evil spirits hate this planet and will never come close to it, no matter where they are planted. Place it on your porch or in a living room nook.

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Tertiary students in Ghana can now apply for student loans with ONLY Ghana Card- as Bawumia launches “No Guarantor Student Loan Policy”

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no guarantor student loan policy

Tertiary students in Ghana can now apply for student loans with ONLY Ghana Card- as Bawumia launches “No Guarantor Student Loan Policy”

The Vice President, Dr. Mahamudu Bawumia has launched the No Guarantor Student Loan Policy at the Kwame Nkrumah University of Science and Technology (KNUST) in Kumasi, on Wednesday, June 8, 2022.

The No Guarantor Student Loan Policy, a promise by the Akufo-Addo government prior to the 2020 elections, is to make tertiary education accessible to Ghanaian youth, especially graduates from the highly subscribed Free Senior High School policy.

With the No Guarantor Student Loan Policy, the cumbersome and restrictive policy of students providing three SSNIT contributors as guarantors before they could access student loans for tertiary education has been abolished. The No Guarantor Student Loan Policy Dr. Bawumia explained, makes it possible for qualified young Ghanaians to access loans to fund their tertiary education, using their Ghana Card.

REMOVAL OF BARRIERS TO EDUCATION

Speaking at the launch, Vice President Bawumia said, the coming into fruition of the pro-poor policy, will remove barriers and significantly increase inclusive access to tertiary education.

“The removal of the guarantor requirement is a critical first step to ensuring cost is not a barrier to access and participation in tertiary education,” Dr. Bawumia said.

“Indeed, these are exciting times to be a youth in Ghana. One can go through education from basic to tertiary with guaranteed support from Government.”

The Vice President noted that globally, loans have enabled financially challenged individuals to go through Universities and pay after graduation and the government of President Akufo-Addo recognised this need, and the challenges associated with students getting guarantors to secure loans, hence the introduction of the No Gurantor Policy to ease the burden of parents of qualified Free SHS graduates.

Expressing his delight over the launch of the policy and how it will help the poor, Dr. Bawumia gave startling statistics of how many students are unable to access guarantor-required student loans, thus, possibly being denied access to tertiary education.

“Evidence shows that the guarantor requirement poses a barrier to access. Out of the 325,000 eligible students whose details were submitted by all the tertiary institutions on the Student Loans portfolio, only 9.6% could access the loan in the 2019/20 academic year,’ Dr. Bawumia revealed.

“Similarly, only 8.4% of eligible students could access loans in 2016/2017, 9.8% in 2017/18, and 8.6% in 2015/16. Further, in the 2019/20 academic year, 42% of the 7,552 loan applicants could not submit their completed forms because of difficulty finding eligible guarantors,” he added.

“We promised to remove the guarantor requirement as a condition for loan access in the 2020 manifesto of the NPP. In fulfillment of this promise, the Government has revised the policy; hence, tertiary students will not have to present a Guarantor in order to access student loans. Effective this school year, all eligible tertiary students will have to submit their Ghana Card to access the loans,” Dr. Bawumia said.

Dr. Bawumia also expressed delight that the No Guarantor Student Loan Policy has been made possible through the Ghanacard thanks to the investment the government has made in digital infrastructure, which has made the Ghanacard a reliable national identity card for Ghanaians.

“This is one of the benefits we derive as a country by prioritizing digitalization. It is at the core of every serious economic management.”

Various Speakers at the ceremony, including the Vice-Chancellor of KNUST Prof. Rita Akosua Dickson, and the  President of NUGS, Dennis Appiah Larbi,  expressed gratitude to the government of President Akufo-Addo for the policy.

All the speakers agree the policy will open doors for more brilliant but needy students to access tertiary education which they usually miss out due to lack of funding.

Also present at the ceremony was the Minister of Education, Dr. Yaw Osei Adutwum, who expressed his Ministry’s commitment to ensuring the success of the policy.

The No Guarantor Student Loan Policy is another milestone in education after expanding access to secondary education through the Free SHS policy.

Qualified students are required to apply online to the Ghana Students Loan Trust with their Ghanacard and successful students will have their fees paid directly to their tertiary institutions.

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