President Nana Addo Dankwa Akufo-Addo is celebrating the One District One Factory (1D1F) initiative that his administration implementing.<\/strong><\/p>\nHe indicated that when he conceived that idea some persons said it was not going to be possible however, everyone is now talking about how important it is for the Ghanaian economy to lessen it\u2019s dependence on foreign goods<\/p>\n
\u201cThe whole purpose of the policy means having factories and enterprises here in Ghana, which will substitute the ones that are coming from abroad.<\/p>\n
\u201cThat is the whole purpose of the policy. Instead of importing XYZ, you\u2019re going to have them made here,\u201d President Akufo-Addo who embarked on a three-day tour of the Eastern Region\u00a0 over the weekend said.<\/p>\n
He added that, \u201cwhen we said we wanted to implement 1D1F and certain strategic industrial policies, we were told it couldn\u2019t be done, but today everyone is talking about how important it is for the Ghanaian economy to lessen it\u2019s dependence on foreign goods and foreign services.<\/p>\n
\u201cNow people are beginning to understand that indeed we had the foresight, we knew exactly what we needed to do to bring substantial progress, real progress not intermittent progress, but substantial progress which is going to be strong and resilient. That is what I\u2019ve noticed is ongoing,\u201d he added.<\/p>\n
The initiative was part of the government\u2019s agenda to change the nature of Ghana\u2019s economy from one which is dependent on import and export of raw material to one which is focused on manufacturing, value addition and export of processed goods.<\/p>\n
These raw materials are largely found in the districts which would have otherwise gone waste.<\/p>\n
The initiative has seen the ongoing construction of two hundred and ninety-six (296) factories across the country, of which one hundred and twenty-five (125) have been completed.<\/p>\n
\u201cI am hopeful that, by the end of my term, the full complement of two hundred and ninety-six (296) factories will be in operation to help provide quality domestic alternatives to the consumption needs of Ghanaians, and reduce substantially our dependence on imports.<\/p>\n
\u201cWe do not only account for the youth as labour in the 1D1F programme, but also as managers and owners. Indeed, fifty-eight (58) of these factories are wholly owned by young people who have received direct government support\u201d, he added.<\/p>\n
By Laud Nartey|3news.com|Ghana<\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"President Nana Addo Dankwa Akufo-Addo is celebrating the One District One Factory (1D1F) initiative that his administration implementing. He indicated that when he conceived that idea some persons said it was not going to be possible however, everyone is now talking about how important it is for the Ghanaian economy to lessen it\u2019s dependence on […]<\/p>\n","protected":false},"author":1,"featured_media":1203395,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[3645,648,8228],"class_list":["post-1232666","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-1d1f","tag-akufoaddo","tag-wasnt"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1232666","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1232666"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1232666\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1232666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1232666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1232666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"\"](\"http:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/09\/Akufo-addo-696x437.png\" "\\"Akufo-")