The Kumbungu District in the Northern Region, would benefit two factories including organic fertilizer manufacturing plant and Sugar plantation and processing company under the government flagship programme, one-District -one-factory.
The aim is to open up the Kumbungu District for other economic investment and development activities, in addition to jobs creations.
The Minister for Trade and Industry, JohnAlan Kwadwo Kyeremanten disclosed this on the floor of parliament in Accra yesterday.
The Minister was in the august House to answer questions filed by some Members of Parliament(MPs), especially from the minority side.
Hon Ras Mubarak, MP for Kumbungu wanted to know from the Minister what plans are in place to ensure that the people of Kumbungu also benefit from the government programme.
“Mr Speaker, I rise to ask the Minister for Trade and Industry what plans are in place ro ensure that the people of Kumbungu District benefit from the “One District One Factory” project to be embarked upon by the Government?”
In response, the Minister said, the one district one factory initiative is a key component of the industrial transformation agenda of the New Patriotic Party (NPP) Government and that the programme is designed to set up at least one medium to large scale industrial enterprise in each of the 216 Districts in Ghana.
According to him, “through the initiative, government is seeking to address the challenges of severe poverty and underdevelopment among peri urban communities, by attracting private sector investment in rural development activities.”
He said, the ministry has so far received 473 business proposal including Business Plans and Expression of Interest. The Ministry team of on sultanas have completed technical, financial and commercial inability analysis of 462 of the proposal received, out of which 191 covering 102 Districts have been selected for implementation”
“Mr Soeaker, I am happy to inform this Honourable House that two of the prospective investors under the 1D1F initiative, are interested in establishing an Organic Fertilizer manufacturing plant and a sugar plantation and processing company in the Kumbungu District in the Northern Region.”
“Apart from the job opportunities these two important enterprises will create, they will further open up the Kumbungu District for other complementary economic activities and investment, which will lead to significant wealth creation for the people of Kumbungu and the surrounding districts,” the Trade and Industry Minister said.
Mr Kyeremanten further told Parliament, the Ministry is in the process of forming District Implementation Support Teams for the programme in each District to be responsible for oversight coordination and monitoring of each District Enterprise project.
This, he said would involved Members of Parliament with significant roles to ensuring for a speedy implementation of the 1D1F initiative in each of the districts.
However, Hon Ras Mubarak told THE REPUBLIC he was not fully impressed with the answers on the grounds that the Minister failed to tell parliament how the projects are going to be funded.
He said, knowing the cost of the two factories were important as it would inform the sustainability and viability of the factories as investors might take skeptical in their investment into such projects.
Nevertheless, the MP said, the two factories when successfully implemented it would boast the economic growth of the constituency and reduce youth unemployment in the area.
Source: therepublicnewsonline.com/Felix Engsalige Nyaaba