By Jeremiah Nutsugah
Finance Minister Dr. Mohammed Amin Adam revealed that the “One District, One Factory” policy has created 170,000 jobs for Ghanaians.
Presenting the mid-year budget review in parliament on July 23, 2024, he stated, “Our efforts aim to attract new investments, expand job creation, and enhance value addition. Under our flagship 1D1F initiative, we have supported 321 factories across 142 districts nationwide, creating employment opportunities for approximately 170,000 Ghanaians.”
Dr. Adam added that, guided by the Strategic Encore Industries Framework, 13 vehicle assembly plants have been established, producing 4,700 vehicles locally.
He emphasized their goal to penetrate the sub-regional market through the Africa Continental Free Trade Area Framework and pursue local assembly of electric vehicles in line with their electric vehicle policy.
Regarding tourism, Dr. Adam highlighted Ghana’s positioning as an internationally competitive tourism destination, with tourist arrivals increasing from 500,000 in 2023 to almost 600,000 in the first half of 2024.
“This significant increase has led to receipts of approximately $1.8 billion, compared to $1.5 billion over the same period last year,” he noted.
To complement this progress, the government has enhanced tourism infrastructure, marketing, and supply chain links through the redevelopment of key tourist sites such as Ebui Gardens and the Yaa Asantewa Museum at Ejisu, among others.
