Gov’t to give between $5,000 and $5 million to Ghanaians to start factories in districts

Ghanaians seeking to establish factories under the government’s One District, One Factory programme are to receive between 5,000 and five million dollars each as financial support.

The amount will be based on the project size and operational categorisation. In line with that government has disbursed GHC400 million to the One District One Factory Secretariat as its initial commitment to the programme, which is one of the job creation flagship programmes of the Akufo-Addo-led government.

Additionally, the programme has generated 3 billion dollars in investment pledges and commitments from local and foreign investors, the National Cordinator of the Programme, Mrs Gifty Ohene-Konadu announced Thursday at a news conference in Accra.

The One District, One Factory was a campaign pledge of Nana Addo Dankwa Akufo-Addo prior to the 2016 general election which has not culminated into a government project that seeks to establish factories in each of the 216 districts across the country .

She said the Secretariat has received and reviewing 40 business plans to establish their viability, noting the first 10 factories will be commissioned in a couple of months.

“We have scheduled June for these exercises. By all means the President will commission them as part of official lunch,” Mrs Ohene-Konadu said.