Audio By Carbonatix
Some 170,000 jobs have been created by companies under the government’s ‘One District, One Factory’ (1D1F) Programme, President Akufo-Addo has said.
Delivering his seventh State of the Nation Address in Accra on Tuesday, he said the policy had led to the development of 321 1D1F projects.
The number, he said, comprised projects by 211 new medium to large-scale factories and support for 110 existing companies to expand production.
He said the government, between 2019 and 2020, had approved several incentives and duty exemptions to selected companies to support the implementation of the 1D1F Programme.
“In 2019 and 2020, 37 1D1F companies were granted 25 exemptions approval by this August House (Parliament). However, from 2021 to date, no exemptions have been granted.”
The President, therefore, urged Parliament to “consider and approve all outstanding exemption applications as a matter of urgency to send positive signals to the business community.”
He said the 1D1F programme was the “cornerstone” towards the country’s industrial transformation and “demonstrates how government can stimulate and incentivise the private sector to expand and diversify manufacturing across the country.”
“It is significant to note that, within the relatively short span of six years, the Government has directly intervened to stimulate interest in and support many private sector business promoters to make significant investments in manufacturing under the One-District-One-Factory Programme.
“…These business promoters have so far invested in 142 districts across the country, across all 16 regions, and achieving 54% district coverage. The aspiration is to bring a 1D1F project to every district,” he stated.
Latest Stories
-
Kofi Bentil says Ofori-Atta is hesitant to return over treatment, not charges
3 minutes -
GSA debunks cement price hike claims, says Jan. 19 increase is false
8 minutes -
Driver rams into robbers, foils MoMo robbery at Darkuman
13 minutes -
Smallholders at the centre: Why innovation and diversification are pivotal for Africa’s food future
23 minutes -
Plans underway to establish museum on northern Ghana’s slave history in Navrongo
29 minutes -
4 killed including two children as runaway truck ploughed into Salon at Kumawu
37 minutes -
Open letter to Chief Justice on judicial security, specialised prosecution and extradition
38 minutes -
NACSA warns of arrests as final gun amnesty deadline approaches
39 minutes -
Eastern NPP Chairman backs Bryan Acheampong for 2028 flagbearer slot
39 minutes -
WEF flags unemployment as Ghana’s biggest economic threat in 2026
42 minutes -
Fire guts warehouse at Ashaiman Gulf City
46 minutes -
NCC urges government to revitalise Kumasi Cultural Centre ahead of major events
59 minutes -
Government exceeds Treasury bill target in January auction
1 hour -
Afigya Kwabre North MP pledges strong support for Bawumia ahead of NPP primaries
1 hour -
Prof Prempeh questions DVLA’s plan to build drivers’ hospital
1 hour
