232 out of 260 1D1F factories on track - Trade Minister
232 out of 260 factories under its flagship One-District, One-Factory (1D1F) industrialisation program are near completion with some operating at full capacity. Trade and Industry Minister, Alan Kyerematen also disclosed that “through the 1D1F government’s initiative, 76 projects have been completed and are in full operation.“107 projects are under construction, 36 are ready to commence constructions and 13 are in the pipeline to be financed by the Private Finance Initiative (PFIs)”. He announced this at the Nation Building Updates held in Accra on Thursday. He was speaking on the theme ‘Industrialising Ghana; One District at a Time,’ the Trade Minister noted that the 1D1F agenda is the key to the country’s structural transformation. He said it is about time the country moved from an agrarian economy to an industrialized economy and in doing so, government will provide the necessary support to businesses to achieve this agenda.
The 1D1F is a private sector led initiative envisioned by President Akufo-Addo to create the necessary conducive environment for businesses to access funding from financial institutions and other support services from government agencies so as to establish factories and production units in the various districts of the country.