{"id":393335,"date":"2017-05-30T15:21:40","date_gmt":"2017-05-30T15:21:40","guid":{"rendered":"https:\/\/ghana-mma.com\/2017\/05\/30\/one-district-one-factory-projects-400-factories-by-2020\/"},"modified":"2017-05-30T15:21:40","modified_gmt":"2017-05-30T15:21:40","slug":"one-district-one-factory-projects-400-factories-by-2020","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2017\/05\/30\/one-district-one-factory-projects-400-factories-by-2020\/","title":{"rendered":"\u2018One-district one-factory\u2019 projects 400 factories by 2020"},"content":{"rendered":"<p><\/p>\n<div id=\"\">\n<p>The one-district one-factory (1D1F) Secretariat, implementers of the government\u2019s district industrialisation programme (DIP), has projected to complete about 400 factories before the close of 2020.<\/p>\n<p>&#13;<\/p>\n<p>This, the secretariat said, follows commitments and enthusiasm that have greeted the initiative from foreign and local investors in the country.<\/p>\n<p>&#13;\n\t\t\t<\/p><\/div>\n<div id=\"\">\n<p>Although a comprehensive implementation plan seeks to establish about 216 factories in the country by the close of 2020, the National Coordinator of the secretariat, Mrs Gifty Ohene-Konadu, said her outfit was determined\u00a0 to increase the number\u00a0 to 400 factories in four years.<\/p>\n<p>&#13;<\/p>\n<p>Mrs Ohene-Konadu told\u00a0 the Graphic Business in an interview on the sidelines of a stakeholder workshop organised by the secretariat last Tuesday (May 23) in Accra.<\/p>\n<p>&#13;<\/p>\n<p>The programme is also expected to facilitate the creation of between 7,000 and 15,000 jobs per district and between 1.5 million and 3.2 million jobs nationwide by the end of 2020.<\/p>\n<p>&#13;<\/p>\n<p>She indicated that the secretariat had so far recorded a total of US$6 billion in pledges from both foreign and local investors as commitment to support the initiative.<\/p>\n<p>&#13;<\/p>\n<p>\u201cThe earlier US$3 billion pledges we received from local and foreign investors have so far not been honoured, likewise the recent US$3 billion pledge from the Chinese Government,\u201d she said.<\/p>\n<p>&#13;<\/p>\n<p><strong>Budget approval<\/strong><\/p>\n<p>&#13;<\/p>\n<p>Mrs Ohene-Konadu, however, stated that the secretariat had received a budget approval of GH\u00a245 million as initial commitment from the government to the execution of the programme.<\/p>\n<p>&#13;<\/p>\n<p>\u201cIt is important to note that there are a variety of people who are interested in an opportunity such as the one this policy is offering. We have had the privilege of meeting with some primary stakeholders, including financial, strategic and development-focused institutions,\u201d she said.<\/p>\n<p>&#13;<\/p>\n<p>She added that the interest in the programme had so far generated investment pledges and commitments with foreign investors constituting about one-third of the total pledges.<\/p>\n<p>&#13;<\/p>\n<p>\u00a0Mrs Ohene-Konadu explained that the secretariat has also received 200 proposals, of which it had evaluated and drawn up a list of 25 projects to be considered for the first 10 to be implemented.<\/p>\n<p>&#13;<\/p>\n<p>She noted that everything was ready for the inauguration of the first 10 factories under the 1D1F programme in June this year.<\/p>\n<p>&#13;<\/p>\n<p>\u00a0\u201cWe have been excited about the eagerness and the enthusiasm of the private sector to get involved and contribute to the success of the projects,\u201d she stated.<\/p>\n<p>&#13;<\/p>\n<p>She said a minimum of US$5,000 to US$5 million based on project size and operational investors were required to support the projects, saying government intended to promote an industrialised economy and ensure that development was spread across the country.<\/p>\n<p>&#13;<\/p>\n<p>\u201cIt is important to indicate that a project coordinating office will develop different interventions to address different needs of the businesses wanting to establish factories in the districts,\u201d she stated.<\/p>\n<p>&#13;<\/p>\n<p><strong>About the initiative<\/strong><\/p>\n<p>&#13;<\/p>\n<p>The 1D1F initiative was instituted by President Nana Addo Dankwa Akufo-Addo to address the challenge of slow economic growth at the district level.<\/p>\n<p>&#13;<\/p>\n<p>The initiative aims to achieve this through a massive private sector-led nationwide industrialisation drive, which will equip and empower communities to utilise their local resources in manufacturing products that are in high demand both locally and internationally.<\/p>\n<p>&#13;<\/p>\n<p>This will allow the country to reap the rewards of industrialisation, increase agricultural and manufacturing output, reduce reliance on imports and increase food availability.<\/p>\n<p>&#13;<\/p>\n<p>It will also facilitate the implementation of a business support service, capacity building, mentoring and coaching, provision of networking opportunities, assistance with financial planning and financial management, as well as assistance with regulatory and legal compliance.\u00a0<\/p>\n<p>&#13;<\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t              <!-- new position --><br \/>\n          <!-- new position end -->\n\t\t\t<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The one-district one-factory (1D1F) Secretariat, implementers of the government\u2019s district industrialisation programme (DIP), has projected to complete about 400 factories before the close of 2020. &#13; This, the secretariat said, follows commitments and enthusiasm that have greeted the initiative from foreign and local investors in the country. &#13; Although a comprehensive implementation plan seeks to [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-393335","post","type-post","status-publish","format-standard","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u2018One-district one-factory\u2019 projects 400 factories by 2020 - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2017\/05\/30\/one-district-one-factory-projects-400-factories-by-2020\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"\u2018One-district one-factory\u2019 projects 400 factories by 2020 - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"The one-district one-factory (1D1F) Secretariat, implementers of the government\u2019s district industrialisation programme (DIP), has projected to complete about 400 factories before the close of 2020. &#013; 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