29th February 2024 3:57:00 PM
2 mins readPresident Akufo-Addo, in his seventh State of the Nation Address, celebrated the significant strides made by the government's 'One District, One Factory' (1D1F) Programme, revealing that it had created around 170,000 jobs. The President delivered his address in Accra on Tuesday, showcasing the positive impact of the policy on Ghana's industrial landscape.
0
The President noted that the implementation of the 1D1F Programme had led to the establishment of 321 projects, including 211 new medium to large-scale factories and support for 110 existing companies to expand their production capacity. This substantial number underscores the programme's commitment to fostering economic growth and job creation across the country.
1
Highlighting the government's efforts to support the programme, President Akufo-Addo mentioned the approval of incentives and duty exemptions for selected companies between 2019 and 2020. However, he noted that no exemptions had been granted from 2021 to date, urging Parliament to expedite the approval of outstanding exemption applications to bolster confidence in the business community.
2
Emphasizing the significance of the 1D1F Programme in Ghana's industrial transformation, the President described it as the cornerstone of the country's efforts to stimulate and incentivize the private sector to expand and diversify manufacturing activities nationwide.
3
He commended the private sector for its substantial investments in manufacturing under the programme, with investments spanning 142 districts across all sixteen regions of the country.President Akufo-Addo expressed the government's commitment to achieving broader district coverage under the 1D1F Programme, with the ultimate goal of establishing a project in every district.
4
The programme's success in achieving 54% district coverage within six years reflects its effectiveness in driving economic development and creating employment opportunities in various regions of Ghana.The President's remarks underscored the government's unwavering commitment to fostering industrial growth and job creation through strategic initiatives like the 1D1F Programme.
5
As Ghana continues to prioritize economic development and inclusive growth, the programme remains a pivotal driver of progress, empowering local businesses and communities nationwide.
6
2 mins read
1 min read
1 min read
3 mins read
2 mins read
1 min read
4 mins read
1 min read
2 mins read