The government of Ghana has promised to allocate a minimum of GH¢2 million to each district assembly in Ghana for the implementation of the ‘One District One Factory’ (1D1F) initiative after failure to meet 2017 set targets.
The government committed in the 2017 Budget Statement to begin the actual implementation of over 50 enterprises to help deal with unemployment but managed to only commence the construction of one factory at Ekumfi.
The Finance Minister, Ken Ofori-Atta reiterated government’s commitment to delivering on this key policy initiative in the 2018 Budget Statement to reduce youth unemployment in Ghana which currently stands at 48 percent according to World Bank figures.
The government has promised the implementation of 191 projects under the 1D1F initiative. The Budget Statement indicated that 104 of these companies will be operating in the agribusiness sector whilst 20 are businesses in the meat and poultry sector. Forty of these companies will be operating in the construction and building materials sub-sector, whilst the remaining 27 are businesses operating in the Cosmetics and Pharmaceuticals sectors.
Regional breakdown of the companies are as follows:
- Ashanti 35
- Brong Ahafo 19
- Central 21
- Eastern 34
- Greater Accra 28
- Northern 17
- Upper East 4
- Upper West 5
- Western 10
- Volta 18
Looking at trend for 2017, it is unlikely government will meet all of its target for 2018, notwithstanding, iWatch Africa will continue to monitor all of the government’s efforts to deliver on their mandates in 2018.
Report by Gideon Sarpong | iWatch Africa