Ghana's one district one factory policy to create one million jobs within the next four years
The flagship programme is aimed at building a factory in each of the 216 districts in the country.
Speaking at the Ghana Economic Forum in Accra, the CEO of GIPC disclosed that the programme will create one million jobs with the next four years.
President Nana Addo Dankwa Akufo-Addo has given the assurance that each of the 216 districts across the country would get a factory within the first four years of his government.
Information from government say the first batch of 51 districts for the implementation of the policy, have been identified, for which the 2017 ‘Asempa Budget’, as approved by Parliament, has earmarked $465 million for setting up the factories.
The Akufo-Addo administration’s ‘One District One Factory’ initiative has received a major boost in the form of $2 billion from the Chinese government’s private sector development corporation.
This followed the signing of a Memorandum of Understanding for a funding facility worth up to $2 billion between a number of Ghanaian banks and the private sector, led by the Association of Ghana Industries (AGI).
The programme is a flagship industrialisation programme promised by the current government during the 2016 electoral campaign. It is aimed at building a factory in each of the 216 districts in the country.
The programme, which will be implemented with the private sector, will also provide business support services and capacity budding, mentoring and coaching.
It would also provide networking opportunities, assistance with financial planning and financial management, regulatory and legal compliance, links to strategic partners for market and community access.
JOIN OUR PULSE COMMUNITY!
Eyewitness? Submit your stories now via social or: