Over 300 projects identified for “1-District-1-Factory” Policy – Akufo-Addo

The 2016 presidential candidate of the New Patriotic Party, Nana Addo Dankwa Akufo-Addo, says the NPP has identified over 300 projects across the 216 districts of the country to bring into fruition the ‘1-District-1-Factory’ policy, when, God-willing, the party wins the December 7 elections.

The “1-District-1-Factory” policy, which is an integral part of the party’s agenda to industrialise the country, he said, will compliment a number of “strategic, arch industries” to be established, in partnership with the private sector.

“We want to reposition the Ghana Investment Promotion Centre to focus its attention on attracting investment, both domestic and foreign, into these strategic industries – iron and steel, cement, bauxite and aluminum, petrochemical industry, vehicle assembly and the manufacture of machine parts and equipment. These are going to be the arch industries for which we are going to anchor our industrial development,” Nana Akufo-Addo said.

He continued, “Side-by side, we also intend to put a lot of energy into our district industrialisation programme. You have heard my ‘1-District-1-Factory’ policy. It is not just talk. We have identified over 300 projects across the 216 districts of the country, and they are going to provide the base for bringing that policy into being.”

The industrialization of the Ghanaian economy, he indicated, “is going to help us in many ways, by generating wealth and development across the country. We will stop this ‘Accra-Kumasi’ centered development. It is dangerous for the future of our country. In doing so, we will revive the lives of our districts and regions, and stop this potentially dramatic exodus of young people towards the city centres.”

Nana Akufo-Addo was addressing a fundraising event in Hartford, organized by the NPP Connecticut Chapter, on Saturday, July 23, 2016, when he made this known.

In giving a boost to the establishment of these industries, the NPP flagbearer stated that “we have committed ourselves to abolishing import duties on raw materials and manufacturing equipment, to make sure that Ghanaian enterprises are competitive.”