1D1F In Eastern Region: 17 Completed; 16 Under Construction – Akufo-Addo | General News

President Nana Addo Dankwa Akufo-Addo, has backed the One-District, One-Factory initiative, below the broader industrialization agenda of government, as a foundation for growing a home-grown infrastructure that's able to withstanding the uncertainties of exogenous shocks to the Ghanaian financial system.

In this regard, the President identified that the Eastern Region, alone, has seen seventeen (17) accomplished 1D1F enterprises, with one other sixteen (16) at numerous phases of completion and shortly to be commissioned, in addition to one other 4(4) on the challenge conception stage.

The efficiency and success of the finished 1D1F initiatives throughout the nation, close to minimizing unemployment and shoring native manufacturing, has so far, been a transparent indication of President Akufo-Addo's long-held perception that Ghana's path in the direction of self-reliance is basically premised on the nation's dedication to industrialise.

According to the President who started a three-day tour of the Eastern Region on Friday, “the whole purpose of the policy means having factories and enterprises here in Ghana, which will substitute the ones that are coming from abroad. That is the whole purpose of the policy. Instead of importing XYZ, you're going to have them made here.”

He added that, “when we said we wanted to implement 1D1F and certain strategic industrial policies, we were told it couldn't be done, but today everyone is talking about how important it is for the Ghanaian economy to lessen it's dependence on foreign goods and foreign services.”

“Now people are beginning to understand that indeed we had the foresight, we knew exactly what we needed to do to bring substantial progress, real progress not intermittent progress, but substantial progress which is going to be strong and resilient. That is what I've noticed is ongoing,” he added.

President Akufo-Addo indicated additional that, “by the point we're by means of, then the dedication of a 1D1F would have been established. And we will solely strengthen the commercial growth of the nation, which is essential to notice that overseas import dependence is not going to inure to our development. We have the panacea, the answer, and Government is working in the direction of it.

President Akufo-Addo's 1D1F initiative is supposed to vary the character of Ghana's financial system from one which relies on import and export of uncooked supplies to at least one which is concentrated on manufacturing, worth addition and export of processed items from uncooked supplies which are largely discovered within the districts throughout the nation.