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‘One District One Factory’ policy must be sustainable - Expert

Business and Economics
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Accra, May 22, GNA - Mr Kofi Afresah Nuhu, an Industrial Expert at In Investment Service Limited, Monday, recommended that the implementation of the Government’s policy of ‘One District, One Factory’ should be inclusive and sustainable.

He said Thailand implemented that policy but failed because of  political partisanship and urged all and sundry to approach the policy holistically and attach a sense of nationalism devoid of politics.

Mr Nuhu said this at an Industrial Forum on the “One District, One Factory policy, organised by the Ghana National Chamber of Commerce (GNCC) in Accra.

The Programme was on the theme: “Leveraging on the “One District One Factory policy for Private Sector Growth”.

The forum brought together policy makers, industry practitioners, financiers and other relevant stakeholders to share their perspectives on the policy and its implementation.

The framework for the policy is to establish a commercially viable private limited liability company with growth potential in the district with the objective of promoting economic growth and creating jobs for the citizenry.

Mr Nuhu, however, commended the Government for the initiative, saying  the policy fitted into a development strategy that sought its intervention and facilitation for economic development.

He encouraged the private sector to take advantage of the opportunity because it was a laudable initiative and had all the hallmark of success.

He urged the Government to ensure that there were reliable supply of industrial infrastructure, access to appropriate technology, supply of raw materials, access to medium to long term goals and a good tax regime for the policy to succeed.

Mr Nuhu said the Government had expressed its support for distressed enterprises as well as the development of strategic projects, but said a concerted support was needed to ensure the effective implementation of the programmes.

Nana Appiagyei Dankawoso I, the President of GNCC, said the Chamber believed that the policy was worthy of pursuit for sustained economic growth and the social improvement of the country.

He said the Chamber was enjoined to engage the Government at various levels of the implementation process of policies and programmes that were of commercial and industrial value.

Nana Dankawoso said the Chamber expected that at the end of the forum, the Government would have clarified its involvement and implementation plans, identified the opportunities and challenges with the policy and proffered alternative solutions to deal with potential risks and operational challenges to enhance the success of the policy.

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