FEASIBILITY STUDY OF ONE DISTRICT ONE FACTORY POLICY IN GHANA

Industrial development potentially engender economic development. To achieve the Sustainable Development Goals in developing economies, inclusive and sustainable industrial growth must be promoted through small-scale enterprises for employment creation and also balance of trade deficit. Utilizing Loschs Industrialized Location Theory, this study tentatively assessed Ghanas policy on industrialization dubbed One District One Factory Policy (1D1FP)to determine its plausibility for economic opportunities. A qualitative approach was employed to gather expert views on the policy potentials and likely constraints. A purposive sampling of experts from academia, research institutes, policy think-tanks and INGOs were the respondents for this work. The analysis showed that the policy has a potential to induce socio-economic transformation. However, most experts believe that the policy framework needs to be clearly developed to attract foreign investment. Further, about 60% of the respondents opined that the policy should prioritized sustainability of the intended factories rather than wholesale establishment of factories in each political district of the country.