Infographics: Portions of 2018 budget simplified

191 COMPANIES UNDER  ONE DISTRICT, ONE FACTORY Following the launch of the One District, One Factory policy in August, the Ministry of Trade and Industry has given clearance to some 191 companies to begin operations in all 10 regions of the Ghana. Presenting the 2018 Budget Statement and Economic Policy in Parliament on Wednesday, Minister of Finance Ken Ofori-Atta emphasized government’s commitment to transform Ghana into an economic hub. More than 50% of the 191 companies will be operating in the Agribusiness Sector, with the rest operating in the cosmetics, pharmaceutical, meat and poultry, and the construction and materials sector. Below is an Infographic representing the regional breakdown of all 191 Companies. 2018 MACROECONOMIC TARGETS The 2018 Budget statement and Economic Policy is targeted at achieving an overall GDP Growth Rate of 6.8%. Government is hopeful of a strong economic boost under the 2018 fiscal year. The infographic below highlights the macroeconomic targets for the 2018 fiscal year. ELECTRICITY TARIFF REDUCTION Government has announced a proposed reduction in electricity tariffs to as high as 21% as seen in the infographic below. By Irene Amesimeku |editors.3news.com | Ghana