A deputy Minister for Trade and Industry, Mr Carlos Kingsley Ahenkorah, has given an assurance that projects under the flagship 'One district, One factory' (1D1F) will soon be visible.
He said by the end of the year, there would be a number of projects inaugurated under the initiative which would help boost industrialisation in the country.
The much-touted initiative of the government had rather progressed at a slower pace, but that, Mr Ahenkorah explained, would progress with a lot more speed in the coming months.
Addressing a group of investors at the Ghana-India Business Seminar under the auspices of the High Commission of India, Accra and the Ghana India Trade Advisory Chamber (GITAC) in Accra, he said, various projects under the 1D1F was at various stages and their inauguration scheduled to start by the end of the year would show that government was serious about the initiative and was not paying lip service to it.
“The 1D1F programme has taken off in earnest. Seventy-five per cent of the companies are in various stages of construction. The President inaugurated one of them at Kpone and I have also had the opportunity to cut the sod for a couple of them.
“By the end of this year, Ghanaians are going to see that our talk has not been in vain but we have actually walked the talk and the President will be going round inaugurating these projects for you to see that we have not just paid lip service. We were serious when we talked about 1D1F,” he said.
India, a key partner
India, he said, had contributed immensely to the economy of Ghana and the Ministry of Trade was always ready to welcome investors who were ready to help uplift the trade potential of our country.
“There is more profitability doing business in Ghana going forward,” he said.
Subsequently, a road show on the 1D1F has been earmarked, something he said, GITAC would be expected to play a major part so they could tell the success stories of Indian businesses in Ghana.
He told the investors that the ministry had profiled the 254 districts of the country with its natural resource endowments of the areas to aid investors in identifying areas they could invest in.
Information sourced from the website of the 1D1F website indicated that the programme was instituted by President Nana Addo Dankwa Akufo-Addo to address the challenge of slow economic growth at the district level through a massive nationwide industrialisation drive which would equip and empower communities to utilise their local resources in manufacturing products that were in high demand both locally and internationally.
It is also expected to allow the country to reap the well-known rewards of industrialisation, such as gains in efficiency in every facet of life in our society, increase in agricultural and manufacturing output, a reduction in the reliance on imports and increase in the production of consumer goods and food availability.
The programme is expected to facilitate the creation of between 7,000 to 15,000 jobs per district and between 1.5 million and 3.2 million nationwide by the end of 2021.
The President of GITAC, Mr Dominic Oduro-Antwi, said the chamber was committed to building and nurturing mature beneficial relationships between the two countries which would be extended to other countries.
“We are trying as much as possible to build and nurture mature and beneficial trade relations between Ghana and India,” he said.
He said the chamber, since its inception, had been championing that course and the summit was part of efforts to explore trade and investment opportunities.