Executive Chairman of Radford University College, Nana Dwomoh Sarpong, has suggested that, government’s flagship one-district-one factory programme will be a failure because of the inexperienced and ‘incompetent’ people managing it.
Although he described the policy as a good initiative, he said, those in charge, do not have what it takes to manage such an initiative. They do not have any success story of managing their own businesses or enterprises.
He was speaking to Kwame Tutu, host of Frontline on Rainbow Radio 87.5Fm, on the topic, ‘’ How do we (Ghana) create the next generation of millionaires?
''For the programme to succeed, we need people who have chalked successes in managing their own enterprises and created opportunities for others to also gain employment.''
‘’We need to identify successful business owners and tap into their knowledge to help the one-district-one-factory succeed. We cannot depend on our politicians to do that. The people currently in charge are not business owners so how can they succeed with what they are doing?
The environment in Ghana he noted is unfavorable for the private sector or business owners stressing, ‘’it is difficult to raise entrepreneurs in Ghana.’’
Political leaders in Ghana he lamented only come into power to amass wealth for themselves and not necessarily to create opportunities for people who are willing to be entrepreneurs.
‘’The politicians we have in Ghana are those who are interested in staying in government bungalows and does not have what it takes to create opportunities for those who are interested in becoming entrepreneurs,’’ he added.
He went ahead to advice the youth to develop the culture of saving no matter how small or big the amount so they can have resources to establish their own businesses.
He said, you should not depend on people or government for help. You have to save a percentage of your salary especially when you have the intention of establishing your own business.
The ‘One-District-One-Factory’ programme is aimed at establishing, at least, one factory or enterprise in each of the 216 districts of Ghana as a means of creating economic growth poles that would accelerate the development of those areas and create jobs for the teeming youth.
The policy aims to transform the structure of the economy from one dependent on production and export of raw materials to a value-added industrialised economy, driven primarily by the private sector.