Ghana Finance Minister Ken Ofori-Atta on Wednesday announced that his government would allocate a minimum of around US $436,000 to each district next year for the implementation of the ‘One District, One Factory’ initiative, which the Ghana Export Promotion Authority (GEPA) expects will rake in 10 billion dollars in four years to accelerate national development.
“I am challenging the local authorities in the various districts, together with the private sector, to take full advantage of these funds,” he disclosed.
Mr Ofori-Atta, who was presenting the 2018 national budget statement to Parliament, mentioned that about 250,000 direct and indirect jobs were expected to be collectively generated from some 191 district enterprise project projects selected to be established for some 102 districts next year.
According to him, the projects were selected after the Ministry of Trade and Industry completed technical, financial and commercial viability analysis of 462 proposals tendered for government’s ‘One district, One factory’ inititative this year.
“191 projects have been appraised and selected for implementation. 104 of these companies will be operating in the Agribusiness sector, with the remainder operating in other sectors.
Source: ghanaweb.com
