ONE DISTRICT, ONE FACTORY SET TO TAKE OFF- COORDINATOR

Mrs. Gifty Ohene-Konadu, National Coordinator of 1D1F, has given a brief up to date on the project at the ongoing 22nd International Trade Fair Business Seminar in Accra.

The programme organized by the ministry of trade and industry, the International Trade Fair with sponsorship from Ecobank is dubbed ” Financing The 1D1F, The Role Of 1D1F, Participating Financial Institutions And Entrepreneurs”.

Speaking at the program, the coordinator mentioned that a total of five factory proposals projected under the government’s One-District-One-Factory (1D1F) initiative has received the full financial cover to commence.

They include the Yeji Tree Stump Project in the Volta Region, funded by GCB Bank to process stump into charcoal for export, and the Atebubu Amantin Cassava Project located in the Brong Ahafo being sponsored by Standchart Bank to process cassava into ethanol and starch.

The rest are the Begoro Cassava Project in the Eastern Region being financed by Exon Bank, and Adaklu Cassava Project in the Volta Region that would both focus on processing cassava into ethanol and starch for export while the Ekumfi Pineapple Factory Project located in the Central Region being bankrolled by the Exon Bank.

In addition, she said, last year, the One District, One Factory secretariat processed 65 other business factory proposals and submitted it to the various financial institutions for scrutiny, from their own perspective for consideration.

The One District, One Factory Policy is one of the government’s key policies to reform the economy and provide employment for the many unemployed youths in the country.

With this, a factory each is expected to be built within every district of the country.