After several speculations surrounding how the 1-District-1-Factory policy, Minister of Trade and Industries, Alan Kyeremateng, has officially announced how the government plans to implement the policy.
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1-District-1-Factory policy implementation criteria outlined
Government has for the first time outlined the criteria for the implementation of the 1-District-1-Factory policy.
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In fulfillment of the New Patriotic Party’s campaign promise during the 2016 elections, Ghanaians expect the government to set up factories in all 216 districts across the country.
Mr. Kyeremanteng says that government would not bare the whole cost of implementation as private individuals are committed to improving the country’s economy would be given the chance to partner with government to set up the factories.
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He said: “The process starts by having an individual private sector operator or corporate entity or any group of individuals submitting in writing an expression of interest to participate in the 1D-1F initiative. Submitting an expression of interest, either through the district assembly for the particular district in which you intend to have your project or submitting the expression of interest through the Ministry of Trade and Industry, because unless we are able to generate a request, then obviously what government is going to do is imposing interventions on the people which may not necessarily work”.
READ ALSO:Alan Kyerematen
Mr Kyermaten continued that “when we talk about 1-district-1-factory, these are not state enterprises. Government wants to support individuals or groups of individuals who intend to be part of this exercise that is why you need to submit an expression of interest. Now the criteria for you to even dream of or think about submitting an expression of interest is…Your project must have the capacity to fundamentally influence the economic fortunes of that particular district.”
Among other conditions that are to be satisfied before a proposal is submitted are:
1. It must have the potential to generate significant levels of employment in the district
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2. It must add value to the national resource endowment of that particular district
3. It must have the capacity to replace an imported product, so, we are looking at import substitution. So, if you can convince the district assembly or government that that particular project will help reduce the importation of a particular product, then obviously government is interested in that
4. It must also have the potential of generating exports. Although this will not be mandatory, it will be an added advantage if that project can also support our export development agenda.
Mr Kyeremateng concluded by saying the size of such a project should have an investment size ranging between $1million and $5million or in actual fact the bigger.
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