Government has explained that its ‘one district, one factory’ policy is to ensure that Ghana’s ongoing industrialization drive spreads to every part of the country.
Previously, the majority of manufacturing facilities were constructed in the five largest urban areas, namely Accra, Tema, Kumasi, Takoradi and Tamale.
Documents sighted by BUISINESS GUIDE revealed that government’s implementation plans as well the timelines for the implementation of the first phase of the policy.
Under the new policy, the establishment of factories is expected within the first 100 days of government’s assumption of office.
President Akufo-Addo made the promise mid 2016 during his election campaign, but critics have cast doubts over its viability partly because of government’s tight fiscal constraints and the lack of details on how the plan would be actually implemented.
The new administration has given the go ahead for the implementation of the one district one factory to be managed by the public and private sectors through an organization which will specifically be set up for that purpose.
This implementation body will only serve as promoter and facilitator of the key new policy for ensuring a nationwide spread of industrialization and will not be a direct investor in the resultant industrial projects. Rather, the private sector will provide the investment, although local governments could partner them in this regard if such an investment of public funds is deemed prudent and advantageous.
The organization will have three key objectives.
The new organization is expected to partner other institutions such as the Ghana Investment Promotion Centre (GIPC), providers of mobile money services, cooperatives, Town & Country Planning Department, Council for Scientific and Industrial Research (CSIR), National Board for Small Scale Industries, GRATIS Foundation, Venture Capital Trust Fund, commercial and investment banks, insurance companies, and of course District Assemblies themselves.
It will also partner the Ghana Stock Exchange (GSE) and its subsidiary Ghana Alternative Market, which will provide an exit channel for investors who want to cash in on their investments for hefty profits over time.
Instructively, several projects have already been identified by private sector investors who want to take advantage of the one district one factory policy, and some of them are actually have started securing the requisite equipment for production.
Source: Daily Guide
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"Jealousy go shame". Unless one is so 'dull' he or she will know that no one ever built factories in one day as a government,NOT TO TALK ABOUT AN 'OPPOSITION PARTY'. What did we not see with JDM'S 200 Schools. Ghanaians voted for Nana, because the promise was 'vissionary, and do-able'. Majority of Ghanaian youth, will prefer to wait,even if for 3 and half years with the hope of being employed, than be saddled with no hope under JDMs 'creat,loot and share' with family ,friends branding era. 'Moko aya,ni moko hu abatsa nor'.
This headline is so so misleading you don't have to think far to know this promise is also misleading
Just try out a promise during campaign when it resonates with a lot of people, adopt it as a a policy then when reality hits about the implementation difficulties, shift the poles and get the media cabal to propagate the new narrative hoping most Ghanaians may be dribbled into buying it. Akufo-Addo never maintained the private sector initially...he said when we are voted into power we will build factories in each district in Ghana....then later when he was interviewed on BBC and pushed for to say how much it will cost, he then fumbling said that his government "will encourage the private sector to build the factories"...what a cook and bull story. Some of us are wide awake ..... NPP have no where to hide from hoodwinking some Ghanaians with L.I.E.S into winning the elections....
I taught the headline was coming out with real details like Mercedes Benz factory to produce e-class and s-class models to be located at kasapee to employ about 20000 people, starting may be august 2017. Something like that is a detail. Pls