Business News of Monday, 13 September 2021
Source: Richard Obeng Bediako , Contributor
A Member of the New Patriotic Party’s Communications Team, Mr. William Frimpong-Bonsu, says the One District-One Factory initiative introduced by his government has come to stay.
According to him, the initiative holds the key to Ghana’s industrialisation agenda.
Mr. William Frimpong-Bonsu insisted that sustaining the policy will lead to numerous job opportunities for the citizenry.
He thus charged Ghanaians to support the initiative to ensure its success.
He explained that the move forms part of the government’s support to improve the country’s private sector.
“One District-One Factory is a good initiative and everyone needs to support the government to succeed because it will create more employment opportunities for Ghanaians,” Mr. William Frimpong-Bonsu exclusively told Kwaku Dawuro on ‘Anopa Nkomo’ on Accra-based Kingdom FM 107.7
About the 1D1F programme
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, to establish factories and production units in the various districts of the country.
It seeks to change the structure of Ghana’s economy from one which is dependent on import and export of raw materials to one which is focused on manufacturing, value addition, and export of processed goods by processing raw materials found largely in the 275 districts of the country into finished or semi-finished goods.
According to the government, 76 are currently operational in various parts of the country, while others are under construction.