Audio Attachment: Listen to Ken Ofori- Atta during the budget presentation. |
The Government of Ghana will in 2018 allocate a minimum GHC 2 million to each district in the country for the implementation of its flagship programme "1 District, 1 Factory".
Finance Minister Ken Ofori-Atta revealed this during his presentation of the 2018 Budget Statement and Economic Policy to Parliament on Wednesday, November 15, 2017.
He further disclosed that 191 proposals have been appraised and selected to commence the project.
Out of the 191 projects, the sector Minister indicated that 104 of the companies will operate in the Agribusiness sector, 20 in the Meat and Poultry sector, 40 in the Construction and Building Materials sub-sector while the remaining 27 will be operating in the Cosmetics and Pharmaceutical sector.
Giving a regional breakdown of the companies under the 1D1F project, the Minister stated that 35 companies will be sited in the Ashanti Region with 19 companies at the Brong Ahafo Region.
21 companies in the Central Region, 34 in the Eastern Region, 28 in the Greater Region and 17 in the Northern Region while 4 factories will be sited at the Upper East Region, 5, 10 and 18 in the Upper West, Western and Volta Regions respectively.
"The Ministry of Trade and Industry completed technical, financial and commercial viability analysis of 462 proposals out of which 191 covering 102 districts were selected for implementation," Ken Ofori-Atta added.
He also emphasized that the 191 District Enterprise Projects will collectively generate about 250,000 direct and indirect jobs.
Mr. Ofori-Atta advised the district local authorities together with the private sector to utilize the funds made available by the government to materialize the 1D1F programme.
President Nana Akufo-Addo on Friday, August 25 this year launched the 1D1F programme to revive the economic industrial sector.
Source: Peacefmonline.com/Ghana
Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority. |
IF THE NPP ARE ABLE TO IMPLIMENT THIS FLAGSHIP PROGRAM, THEN NDC WILL NEVER COME TO POWER FOR EVER BECAUSE THERE WILL BE JOBS AVAILABLE FOR THE YOUTH AND THAT IS WHAT THE YOUTH CHERISH FOR
Qu3333333!!! Really I thought the NDC was going to be in opposition for the next five elections but now I can see clearly that they have about 40years or more to stay in opposition. I now see why they spent a lot of resources to vilify Nana Addo and to go all lengths to ensure that he never ascends the throne. Sorry ooooo NDC. Akufo is digging your grave so so deep. LONG LIVE NANA......LONG LIVE NPP....LONG LIVE GHANA
OH KWAME NKRUMAH GHANA BE THIS?.ASEMPA BUDGET DID NOT BRING HEAVEN TO GHANAINS. WHAT WILL THIS BUDGET BRING. NPP THE TALK IS TOOOOO MAUCH WE ARE TIRED. I VOTED FOR NPP BECOS OF LIGHT, RENT, DRIVERS LICENCE,CAR INSURANCE PLS LET ME FEEL THE CHANGE OR...... MY SHOP AT ABOSEIOKAN IS COLLAPSING
What about the 1 million USD for every constituency ???
Dear Kamiru, You see why NDC does win elections in Ghana? People do not read and learn. Kamiru, these factories are not brought in by government but government just created the environment and investors/private sectors themselves choose where to invest their monies. So, it is not a cake sharing as if these factories are for government. God Save Ghana. Ekow. Cape Coast
i dont seem to understand why the whole of western had just 10 out of the 191 factories.All i know is that we are not in the books of these politicians.The region that the government gets 60% of its total revenue doesnt deserve this neglect.eyes are watching!!
i dont seem to understand why the whole of western had just 10 out of the 191 factories.All i know is that we are not in the books of these politicians.The region that the government gets 60% of its total revenue doesnt deserve this neglete.eyes are watching!!
Kojo or what ever you call your self, please mind your language. You will wish to the ***barred word*** man in your family.
419 bawumia and his urgly boss
What's the point of starting factories when some unpatriotic sons of this country are trying shamlesssly to sell ECG?