Vision1 FM                       Light FM                         Light TV

1D1F: 36 factories to be operationalized soon – Akufo-Addo

President Akufo Addo has said a total of 36 factories under the ‘’One District One Factory’’ programme are at various stages of operationalization.



Nana Akufo Addo believes these factories will create thousands of jobs across the country.


Nana Akufo Addo and the New Patriotic Party (NPP) have come under fire for failing to fulfill a campaign promise to establish a factory in every district.

But speaking at this year’s Asafotufiami festival in Ada over the weekend, Nana Akufo Addo says the government will deliver on its promises.

“The implement of the one district one factory policy has about 36 factories at his operationalization stage, which will create thousands of direct and indirect jobs,” he said.

The first factory under government’s much-touted One District One Factory initiative has been inaugurated in Tamale.

The motorcycle assembling plant located at Lamashegu is a Public – Private- Partnership between the government of Ghana and a Chinese private company known as Motorking Company Limited.

President Nana Akufo-Addo inaugurated the company mandated to assemble tricycles of different kinds.

These will include farm tricycles, rural ambulance tricycles, and mobile library tricycles.

So far the Ministry of Trade and Industry has screened 329 proposals for the construction of factories under the One District, One Factory programme.

Financial Analyst, Sydney Casely Hayford, has warned that government’s flagship programme, one district, one factory, could fail due to what he describes as the poor financing strategy for the programme.

According to Mr. Casely Hayford, despite the availability of funds for the programme, the government’s inability to design an effective financing strategy for it might negatively affect its success.

“If the government does not sit up this one district, one factory thing will fail. It will fail because first of all, I think the whole idea of how to finance it and make it work is wrong.”


Source:Citinewsroom.com

More Lifestyle..

Parliament To Investigate Collapse Of Seven Banks Parliament To Investigate Collapse Of Seven Banks 2018-08-16 - The Finance Committee of Parliament will sit from 5-7 September...
AirtelTigo announces new appointments AirtelTigo announces new appointments 2018-08-16 - AirtelTigo has announced the appointment of new executives to...
Gov’t calls for dialogue with FIFA over suspension threat Gov’t calls for dialogue with FIFA over suspension threat 2018-08-15 - The Government of Ghana has called for further discussions with...
Vice President Bawumia Cuts Sod for Police Housing Project Vice President Bawumia Cuts Sod for Police Housing Project 2018-08-14 - The Vice President of the Republic, Dr Mahamudu Bawumia, has...
Football Icon Ronaldo Admitted In The Intensive Care Unit Of A Hospital At Ibiza Football Icon Ronaldo Admitted In The Intensive Care Unit Of A Hospital At Ibiza 2018-08-13 - Former Brazillian football icon Ronaldo is reportedly in the...

 

More News..

Don’t step in VR – Asogli Council to Freddie Blay Don’t step in VR – Asogli Council to Freddie Blay 2018-08-16 - The Asogli Traditional Council in the Volta Region has declared...
Spio Lobbies For Mahama Running Mate Spio Lobbies For Mahama Running Mate 2018-08-16 - Even before the opposition National Democratic Congress (NDC)...
How Capital Bank Blew GH¢620m; The Inside Story How Capital Bank Blew GH¢620m; The Inside Story 2018-08-16 - It has emerged that Capital Bank collapsed because the bank’s...
TTH Attack: Police release arrested Kandahar Boys TTH Attack: Police release arrested Kandahar Boys 2018-08-16 - The police have released four of the Kandahar Boys who were arrested...
JB’s murder: Court to hear committal proceedings on Sept. 19 JB’s murder: Court to hear committal proceedings on Sept. 19 2018-08-15 - The Magistrate Court in Accra is expected to hear the committal...
There’s no $160m judgement debt over Africa Integras project – UG There’s no $160m judgement debt over Africa Integras project – UG 2018-08-15 - The management of the University of Ghana has debunked reports...
Gov’t calls for dialogue with FIFA over suspension threat Gov’t calls for dialogue with FIFA over suspension threat 2018-08-15 - The Government of Ghana has called for further discussions with...