Finance Minister Ken Ofori-Atta, has disclosed that the government's One District, One Factory (1D1F) initiative has generated an impressive 160,000 direct and indirect jobs.

The Minister made this known while delivering the 2023 Mid-Year Budget Review, where he highlighted the success of the 1D1F initiative in promoting industrialisation and employment opportunities in the country.

“Mr. Speaker, in line with the Government's unwavering commitment to industrialisation, the implementation of the flagship One District One Factory (1D1F) Initiative is on course. As of June, 2023, 126 factories were operational nationwide. Over 160,000 direct and indirect jobs have been created, especially for the youth who have been mobilised to establish agro-processing factories in 58 districts,” he said.

The "1D1F" initiative stands is an industrialisation program launched by the Ghanaian government with the goal of promoting economic growth and development at the district level.

The initiative aims to establish at least one factory or industrial enterprise in each of Ghana's 260 districts to create jobs, drive local economic activities, and reduce the country's dependence on imported goods.

The main objectives of the 1D1F initiative include: generating employment, economic diversification, value addition, etc.

Through the establishment of industries in various districts, the 1D1F initiative also aims to promote balanced regional development and reduce urban migration.

Government also seeks to collaborate with private sector investors to drive the establishment and sustainability of these factories, leveraging their expertise and resources.

Additionally, some of the factories established under the 1D1F initiative are focused on producing goods for export, thereby contributing to foreign exchange earnings and improving Ghana's trade balance.