Date: 07 August 2018
The General Secretary of the General Agricultural Workers Union (GAWU), Mr Edward Kareweh, has asked government to do a thorough assessment of why industries collapse in order to serve as a guide as it implements the ‘one district, one factory’ (1D1F) programme.
“We do not have the commitment to ensure that when we start a programme we implement to the end. Did the government consider the reason why industries collapse before coming out with the IDIF? Where are they going to sell their produce? Is the market now free?” he quizzed during the GRAPHIC BUSINESS / Stanbic Bank Breakfast meeting in Accra.
It was on the theme: “Unlocking Economic Growth Through Manufacturing-Cost, Quality and Competitiveness.”
Mr Kareweh said Ghana was not particular about why industries collapsed but interested in bringing in new ones which were likely to suffer the same fate as those that had collapsed.
“I’m just worried that if we don’t take care, the I
Mr Kareweh stated that over the years, the country had failed to develop and implement policies that met current needs and that of generations to come.
“We have not been able to deal with the complex nature of development, which by itself have different components and how we can link up and create a synergy among all those components which is important to ensure that we can have development.
“It is unfortunate that afterwards, the entire society suffers – the policies we have today, if they are poorly implemented, the generation to be born after us will suffer the consequences,” he added.
The 1D1F policy
It forms part of the policy set to ignite Ghana’s industrialisation and set her on course for socio-economic development.
The policy is aimed at establishing at least, one factory or enterprise in each of the 216 districts of Ghana as a means of accelerating economic growth and also creating jobs to reduce poverty and the high unemployment rate.
It also aims to transform the structure of the economy from one dependent on production and export of raw materials to a value-added industrialised economy, driven primarily by the private sector.
The Senior Minster, Mr Yaw Osafo-Maafo, disclosed that so far, the secretariat had received 781 expressions for interest out of which 632 had been reviewed with 332 currently being processed for financial support.
“So far, 15 projects have been approved for implementation under the programme, and we are happy to say that several banks have shown keen interest to support it.
“We expect that by the end of this year, 50 of those which have been appraised would be in production,” he stated.
Mr Osafo-Maafo added that GCB Bank had agreed to make available GH₵1 billion, UBA GH₵880 million, ADB GH₵200 million Eximbank GH₵103 million, UMB GH₵ 440 million SG-SSB GH₵25 million and these supports would be appraised by the banks. — GB