Mr. Julius Gyimah, an economist, has emphasized the importance of the government reviewing the one-district-one-factory initiative in order to improve it far beyond its current state.
According to the economist, in the face of economic difficulties, the policy could be a tool for the government to use in transforming the economy.
He suggested that we make a concerted effort to build more factories over the next five to ten years. We need to establish manufacturing companies that will employ people to produce the goods we consume locally.
He also mentioned that we might be able to export some of the items produced in Ghana.
He contended that because of the African Continental Free Trade Agreement, Ghana has a larger market in the African region, allowing us to move goods and sell them in neighbouring countries.
“That should be the discussion to help Ghana restore economic confidence.”
He also advised the government to invest in the capital’s rail sector to alleviate traffic congestion.
“Having a rail system from Accra to Aburi, Nsawam, and other areas to transport people and goods would go a long way toward reducing congestion,” he added.