2.69 billion GHc mobilized from participating financial institutions for 1D1F – Minister of Commerce

Trade and Industry Minister Alan Kyerematen said GH¢2.69 billion has been mobilized from participating financial institutions for the government’s One District One Factory policy.

Currently, the policy covers 278 projects across the country.

106 factories covered by the policy are operational while 148 are under construction.

Speaking in Parliament, Mr. Kyerematen said: “Over the past four years, the government through the Ministry of Trade and Industry has facilitated the establishment of 278 businesses and projects in the 16 regions. Of this number, 106 companies are currently in operation. 148 are under construction.

About the 1D1F program

The 1D1F is a private sector-led initiative envisioned by President Akufo-Addo to create the enabling environment needed for businesses to access funding from financial institutions and other support services from government agencies, to establish factories and production units in the different districts of the country. .

It seeks to change the structure of Ghana’s economy from one dependent on the import and export of raw materials to one focused on the manufacturing, value addition and export of processed products by transforming raw materials that are largely found in all districts of the country in finished or semi-finished products.

Marianne R. Winn