One-district-one-factory gets Ghc456m budget allocation

The Akufo-Addo government in keeping up with its promise to establish factories in every district  of Ghana, has alloacted  GH¢456.3 million in the 2017 budget to begin the project.

This was made known by the Finance Minister, Mr. Ken Ofori-Atta in the budget statement presented in Parliament on Thursday March 2, 2017.

The Minister disclosed that the policy will see the establishment of medium to large scale factories in each district of the country, and will be driven by the private sector.He added that, government intends to promote an industrialized economy and ensure that development is spread across the country.

“In 2017, the Ministry will initiate the “One District One Factory” initiative to ensure an even spatial spread of industries. This is intended to promote rapid industrialization at the district level driven by strong linkages to agriculture and other natural resource endowments to create job and wealth,” he said.

The one-district one-factory initiative is among the major mouth-watering campaign promises the NPP made to Ghanaians in the run up to 2016 elections. The initiate has met a lot of criticisms from economics experts and people from academia on the proposed mode of implementation.

However, the party, led by President Akufo-Addo, said it was optimistic it will help reduce unemployment in the country.

The Finance Minster in his budget statement noted that, the government will also roll out other interventions including the Zongo Development Fund, and the one-village one-dam programme, which are both key programmes used by the NPP as campaign messages in the run-up to the 2016 December election.

The government has also allocated GH¢219 million and GH¢94 million respectively for the implementation of those programmes.

In a related development, the Finance Minister also announced that government will set up an Infrastructure for Poverty Eradication Project to cater for its one million dollar per constituency promise.

According to him, the fund will be targeted at improving the livelihood of Ghanaians in rural areas, by providing them with sustainable jobs.

“Under the Establishment of the Infrastructure for Poverty Eradication project, every constituency will be allocated the cedi equivalent of one million dollars to combat poverty. We will allocate one million dollars to each constituency in this house, to improve the lives of rural dwellers and deprived communities,” he said during the budget presentation in parliament.


**Mpactglobal: Brilliance Gyekye

(Citi News Contributed to this story)


Leave a comment