Gov’t begins engaging private sector for industrialisation drive

Ghana News

News / Ghana News 54 Views

Government has announced plans to begin rolling out the One-District-One-Factory programme with some 51 medium-scale factories.

Addressing business leaders in Germany recently, President Nana Akufo-Addo said his government has begun partnering the private sector to implement the programme in a bid to reduce unemployment in the country.                                                    

The One-District-One-Factory programme is a flagship industrialisation policy promised by the New Patriotic Party (NPP) during the 2016 electoral campaign.

The progreamme is aimed at building a factory in each of the 216 districts in the country.

The programme, which will also provide business support services and capacity budding, mentoring and coaching for the private firms that will invest into the project.

“What we want to do is to facilitate private sector entrepreneurs to take those developments. At the state side, we are identifying bottlenecks at the various districts; whether it is in terms licensing regime, access to land and those basic matters,” the President said.

The government 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.

The factories will be built across all 216 districts across the country.

At the recent event in Germany, the President said government’s plan to emphasise a private sector-led development is still relevant for the success of the policy.