2017 Budget: GH¢456.3m allocated for 'one-district-one-factory' project

2017 Budget: GH¢456.3m allocated for 'one-district-one-factory' project
Source: Ghana | Myjoyonline.com | GN
Date: 03-03-2017 Time: 07:03:13:am

Government has allocated GH¢456.3 million for the implementation of its flagship one-district one-factory policy.

The Finance Minister, Mr. Ken Ofori Atta, revealed this when he presented the 2017 budget statement before Parliament on Thursday, March 2, 2017.

The Minister said the policy will see the establishment of medium to large scale factories in each district of the country and will be driven by the private sector. He added that government intends to promote an industrialized economy and ensure that development is spread across the country.

The one-district one-factory policy programme was one of the major campaign promises of the New Patriotic Party (NPP) ahead of the December 2016 general elections.

The party, led by President Akufo-Addo, said it was optimistic it will help reduce unemployment in the country.

The Finance Minster in his budget statement noted that the government will also roll out other interventions including the Zongo Development Fund, and the one-village one-dam programme, which are both key programmes used by the NPP as campaign messages in the run-up to the 2016 December election. 

The government has also allocated GH¢219 million and GH¢94 million respectively for the implementation of those programmes.

The Finance Minister, Ken Ofori-Atta also announced that government will set up an Infrastructure for Poverty Eradication Project to cater for its one million dollar per constituency promise.

According to him, the fund will be targeted at improving the livelihood of Ghanaians in rural areas, by providing them with sustainable jobs.

“Under the Establishment of the Infrastructure for Poverty Eradication project, every constituency will be allocated the cedi equivalent of one million dollars to combat poverty. We will allocate one million dollars to each constituency in this house, to improve the lives of rural dwellers and deprived communities,” he said during the budget presentation in parliament. 

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