President-elect, Nana Akufo Addo is expected to roll-out one of his main policies of ensuring that each district in the country has a factory, under his District Industrialization Policy (DIP) that seeks to create more jobs to solve the menace of unemployment in the country.
In the party’s manifesto for the 2016 elections, the New Patriotic Party (NPP) announced that it will establish one factory in each district across the country in a bid to create more jobs and reduce unemployment.
The party indicated that it has identified over 300 projects across the 216 districts of the country to bring into fruition the ‘1-District-1-Factory’ policy when the party wins the December 7 elections.
The party also promised to set up of an Industrial Development Fund, to support critical private sector industrial initiatives, as one of the means to tackling the rising unemployment levels.
This will create a lot of job opportunities, making the potential growth and development much more inclusive.
Growth in the manufacturing sector was negative in 2015, heightening concerns as the manufacturing sector has seen negative growth for three consecutive years.
Furthermore, the negative growth rates have been increasing. In 2013 the growth of the manufacturing sector was -0.5 percent, in 2014 it was -0.8 percent and in 2015 the outturn growth was -2.0 percent.
In its analysis of the promises made by the various political parties, Imani Africa, a policy think tank, said the manufacturing sector has played a crucial role in the development of all industrialised countries.
It said the Great Britain was the world’s first industrialized country where the emerging textile industry played a central role.
“The transition from an agricultural society in Japan occurred through cotton and silk industries and in China food processing, textiles and several other low-tech industries played a major role in the success story witnessed the last three and a half decades,” it added.
Mr. Kwaku Kwarteng, a member of the New Patriotic Party’s (NPP) economic team in an earlier interview disclosed that the party’s ‘one district, one factory’ project is viable and that it will cost about US$1biilion to get those factories established.
The economist, who is also the Member of Parliament for Obuasi West said the project is financially feasible.
He said just like the Ayensu Starch factory which was recently revived, about US$4.5million will set up a factory in a district and if a government wants to establish a factory in the 216 districts across the country it will cost around US$1billion.
Mr. Kwarteng believes that if government was committed to a district industrialisation policy, less than a third of that oil money could finance such a project.
The US$3.2 billion which is the total oil revenue since 2011 to date is expected to fund the project in the next four years of the next government.
Students have high hopes in the Nana Akufo Addo government as they look forward to see more job opportunities when they come out of school. They were swayed by the policies promised by the then presidential leader of the NPP who they believe when implemented will have a positive impact on their lives.
For instance, Roland Sampson, a graduate from the All Nations University College, who has been unemployed since 2015 hope that if Nana Addo implements the one district one factory policy it will be an opportunity for some unemployed graduate to get job.
He believes the factories will require the service of both graduates from the technical institutions and the traditional universities thereby giving opportunity for all.
“I completed my national service in August 2015 am still at home and it very boring being at home doing nothing. We the youth want to see jobs being created and we ‘ll support any government that will bring that opportunity