Audio By Carbonatix
The Majority Caucus has announced plans to request a detailed audit of the One District One Factory (1D1F) policy when Parliament resumes, citing widespread concerns over corruption and abuse under the programme.
According to the Caucus, the audit will seek to identify the companies that benefited from tax exemptions and establish how those exemptions were utilised.
The policy, the Majority said, failed to achieve its core objective of industrialisation and job creation.
Describing the initiative as a “monumentally failed policy”, the Majority argued that its poor outcomes were a direct result of weak oversight and blatant misuse of public incentives.
“If the policy had worked as advertised, thousands of young people would be in stable private sector jobs today,” Mr Ayariga said, accusing the Minority of pretending to care about youth unemployment.
The Majority said the audit will ensure accountability and help prevent a repeat of policies that drain public resources without delivering meaningful economic benefits.
Latest Stories
-
Mahama urges African leaders to secure continent’s health sovereignty
21 minutes -
GoldBod introduces new trade financing rules for licensed gold buyers
25 minutes -
US House passes $1 trillion defense bill despite Iran, Israel concerns
29 minutes -
Congo says nearly 1,000 die of Ebola, confirmed cases rise to 2,473
38 minutes -
Morocco urges investigation after arrested national dies in Bologna
45 minutes -
2 Ghanaians ask ICC to probe xenophobic violence in South Africa
52 minutes -
Oil prices rise to six-week high as US-Iran tensions escalate
1 hour -
Most bus fares in England to be capped at ÂŁ2 from January
1 hour -
Cocaine worth $370m seized in Liberia’s biggest-ever drugs bust
1 hour -
EU clears $110bn Paramount and Warner Bros merger, but it remains on hold in US
2 hours -
THE LAW 101: Revisiting the 2019 Akonta Mining Judgment
2 hours -
China’s Moonshot AI stole from Anthropic, Trump tech adviser says
2 hours -
Google burning through cash with spiralling AI costs
2 hours -
Musk keeps Tesla-SpaceX merger speculation alive, cites growing overlap
2 hours -
Uber, Lyft win court block on NYC law requiring notice before firing drivers
2 hours