The nominee for Minister of Trade, Agribusiness, and Industry, Elizabeth Ofosu-Adjare, has stated that the National Democratic Congress’ (NDC) proposed 24-hour economy initiative will enhance the effectiveness of the One District, One Factory (1D1F) program.

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During her appearance before the Appointments Committee on Wednesday, January 22, she underscored the shortage of sufficient raw materials as a major hurdle undermining the success of the 1D1F initiative.

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She emphasized that the adoption of the NDC’s 24-hour economy policy would serve as a strategic measure to overcome this challenge.

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She said “The solution lies in the 24-hour economy, where businesses will have access to a steady supply of raw materials. Agribusiness will play a crucial role through commercial contract farming, which will substantially resolve the raw material challenge" she said.

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The Techiman North MP further said, "These factories will benefit from tax holidays and other incentives under the 24-hour economy framework.”

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The One District, One Factory (1D1F) initiative, introduced by former President Akufo-Addo, aimed to revolutionize Ghana's economy by minimizing dependence on raw material exports and imported finished products.

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The program emphasized industrial growth, value enhancement, employment generation, and the export of refined goods.

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Although several factories have been set up under the initiative, its progress has been hampered by numerous challenges.

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