In 2021, the Ministry of Finance began the process to secure roughly $335,072,712.13 in tax exemptions for 42 companies under the government's One District One Factory (1D1F) initiative.

The Exemptions Act, 2022 (Act 1083), was introduced to Parliament by the former Minister for Finance, Ken Ofori-Atta, in 2022.

Among the companies awaiting these exemptions, Sentuo Oil Refinery Limited stands out with the highest requested amount of $164,633,012.00.

The One District One Factory (1D1F) initiative, envisioned by President Nana Addo Dankwa Akufo-Addo, aims to transform Ghana's economy from one dependent on importing and exporting raw materials to a more robust economy focused on manufacturing, value addition, and exporting processed goods.

This initiative is driven by the private sector, with the government creating a supportive environment for businesses.

This support includes facilitating access to funding from financial institutions and providing assistance from various government agencies to help establish factories.