Minister of Commerce and Industry Alan Kyerematen has informed Parliament that 150 One District One Factory (1D1F) projects are currently in various stages of completion.
According to him, 104 1D1F projects are currently running nationwide.
The minister announced this in a statement that he read out in parliament on Wednesday, July 21, 2021.
He also said the factories could create 150,000 jobs in their catchment areas.
“Mr. Since the beginning of the program there have been 278 1D1F projects to date, which are in various phases of implementation.”
“Of this number, 104 companies are currently in operation, 150 under construction and 24 in the mobilization phase. 165 of the 278 companies are new projects, which is 60%, while 113 companies are existing projects that are supported, which is 40%. The companies currently operating have created a total of 150,975 direct and indirect jobs, up from 139,331 in December 2020. It is expected that upon completion of the additional 150 1D1F projects currently under construction, the cumulative number of direct and indirect jobs created will reach 282,792, ”added he added.
Mr Kyerematen also added that the 1D1F initiative will enable the private sector to take full advantage of the “Ghana-UK Interim Trade Partnership Agreement and EU-Ghana Interim Economic Partnership Agreement (iEPA)”.
“The 1D1F program is arguably one of the most innovative and comprehensive programs for industrial development that has ever been implemented in our economic development history.”
“The program will undoubtedly significantly improve the ability of the private sector in Ghana to make use of not only the African Continental Free Trade Agreement (AfCFTA) but also the Ghana-UK Interim Trade Partnership Agreement and the EU-Ghana Interim Economic Partnership Agreement (iEPA). “
About the 1D1F program
1D1F is a private sector led initiative envisaged by President Akufo-Addo to create the conducive business environment necessary to gain access to finance from financial institutions and other support services from government agencies to factories and manufacturing units in the various To establish districts of the country.
It aims to change the structure of the Ghanaian economy from one based on the import and export of raw materials to one based on production, value creation and export of processed goods by processing raw materials that are mainly found in the country’s 275 districts are in finished or semi-finished goods.