As part of government's efforts to reduce unemployment among the youth, the One District-One Factory (1D1F) initiative is expected to facilitate the creation of some 3.2 million jobs nationwide by the end of 2020.
In addition, some 7,000 to 15,000 jobs are to be established in each of the 216 districts in the country. This was announced by Mrs. Gifty Ohene-Konadu, National Coordinator of 1D1F project, during a media briefing at a stakeholders' fourm in Accra. According to her the initiative was instituted by President Akufo-Addo to address the challenge of slow economic growth at the district level.
The 1D1F programme will be launched in June this year with the start of work on 10 new factories.
Mrs. Ohene-Konadu confirmed that the secretariat had received the GHC 450 million earmarked in the 2017 budget to kick-start the project.Besides government's commitment, she said interest in the programme had generated investment pledges and committments to a tune of US$3 billion.
The 1D1F programme will be implemented with the private sector to provide business and financial management, regulatory and legal compliance, links to strategic partnersfor market and community access.
Mrs . Ohene-Konadu told the media that the financial support for the projects would start from a minimum of US$5,000 to a maximum of US$10,000 based on project size and operational categorization.
The June launch of the programme will be the second major initiative after the 'Planting for Food and Jobs' programme was unveiled recently.
The Canadian governmnet and the world bank are supporting the farming programme with $125 million and $50 million respectively.
