The Minister of Trade and Industry, Alan Kyerematen, has stated that, government’s One District One Factory initiative has so far created 150,975 jobs since its establishment in 2017.
The 1D1F program is a private sector-led initiative that seeks to create the necessary conducive environment for businesses to access funding from financial institutions and other support services from government agencies, to establish factories and production units in the various districts in the country.
While giving updates on the programme on the floor of Parliament this week, Alan Kyerematen also noted that so far, 278 factories are at various stages of implementation.
The policy seeks to change the structure of Ghana’s economy from one which is dependent on import and export of raw material to one which is focused on manufacturing, value addition and export of processed goods by processing raw materials found largely in the 275 districts of the country into finished or semi-finished goods.
The Trade Minister also noted that when all factories are completed, over 280,000 jobs will be created in total.